Appleton Partners Incma Lowers stake in Ecolab (ECL)

Ecolab (ECL) : Appleton Partners Incma reduced its stake in Ecolab by 28.98% during the most recent quarter end. The investment management company now holds a total of 18,070 shares of Ecolab which is valued at $2,100,457 after selling 7,375 shares in Ecolab , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Ecolab makes up approximately 0.41% of Appleton Partners Incma’s portfolio.

Ecolab opened for trading at $116.01 and hit $116.9 on the upside on Wednesday, eventually ending the session at $116.65, with a gain of 0.60% or 0.69 points. The heightened volatility saw the trading volume jump to 8,64,200 shares. Company has a market cap of $34,529 M.

Other Hedge Funds, Including , Simplex Trading added ECL to its portfolio by purchasing 6,533 company shares during the most recent quarter which is valued at $751,360. Ecolab makes up approx 0.12% of Simplex Trading’s portfolio.Sit Investment Associates Inc boosted its stake in ECL in the latest quarter, The investment management firm added 4,075 additional shares and now holds a total of 119,150 shares of Ecolab which is valued at $13,703,442. Ecolab makes up approx 0.25% of Sit Investment Associates Inc’s portfolio.Dnb Asset Management As boosted its stake in ECL in the latest quarter, The investment management firm added 10,100 additional shares and now holds a total of 24,358 shares of Ecolab which is valued at $2,801,414. Ecolab makes up approx 0.06% of Dnb Asset Management As’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.

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