Ecolab (ECL) : Wendell David Associates Inc reduced its stake in Ecolab by 2.65% during the most recent quarter end. The investment management company now holds a total of 151,540 shares of Ecolab which is valued at $17,615,010 after selling 4,120 shares in Ecolab , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Ecolab makes up approximately 3.39% of Wendell David Associates Inc’s portfolio.
Ecolab opened for trading at $115.55 and hit $116.68 on the upside on Friday, eventually ending the session at $116.24, with a gain of 0.82% or 0.95 points. The heightened volatility saw the trading volume jump to 10,52,194 shares. Company has a market cap of $34,407 M.
Other Hedge Funds, Including , Firstmerit Bank N A Trustee reduced its stake in ECL by selling 202 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 62,966 shares of ECL which is valued at $7,319,168. Ecolab makes up approx 0.60% of Firstmerit Bank N A Trustee’s portfolio.Private Bank Trust Co reduced its stake in ECL by selling 90 shares or 4.54% in the most recent quarter. The Hedge Fund company now holds 1,894 shares of ECL which is valued at $220,159. Ecolab makes up approx 0.04% of Private Bank Trust Co’s portfolio. Intermede Investment Partners Ltd added ECL to its portfolio by purchasing 156,472 company shares during the most recent quarter which is valued at $17,995,845. Ecolab makes up approx 2.15% of Intermede Investment Partners Ltd’s portfolio.Chevy Chase Trust Holdings boosted its stake in ECL in the latest quarter, The investment management firm added 14,105 additional shares and now holds a total of 401,598 shares of Ecolab which is valued at $44,766,129. Ecolab makes up approx 0.26% of Chevy Chase Trust Holdings’s portfolio.
On the company’s financial health, Ecolab reported $1.22 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Feb 23, 2016. Analyst had a consensus of $1.24. The company had revenue of $3412.00 million for the quarter, compared to analysts expectations of $3487.02 million. The company’s revenue was down -7.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.20 EPS.
Many Wall Street Analysts have commented on Ecolab. Ecolab was Initiated by Nomura to “Reduce” on Apr 20, 2016. Company shares were Resumed by Credit Suisse on Mar 24, 2016 to “Neutral”, Firm has raised the Price Target to $ 109 from a previous price target of $107 .Ecolab was Initiated by Sterne Agee CRT to “Buy” on Mar 22, 2016.
Ecolab Inc. provides water hygiene and energy technologies and services. The Company operating segments include Global Industrial Global Institutional Global Energy and Other. The Company’s Global Industrial segment consists of the Water Food and Beverage Paper and Textile Care operating units. Global Institutional segment consists of the Institutional Specialty and Healthcare operating units. The Global Energy segment provides on-site technology-driven solutions to the global drilling oil and gas production refining and petrochemical industries. Other segment consists of the pest elimination and equipment care operating units. The Company’s cleaning and sanitizing programs and products pest elimination services and equipment maintenance and repair services support customers in the foodservice food and beverage processing hospitality healthcare Government and education retail textile care and commercial facilities management sectors in over 170 countries.