Ecolab (ECL) : Boston Family Office scooped up 39,907 additional shares in Ecolab during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 117,854 shares of Ecolab which is valued at $13,550,853.Ecolab makes up approximately 1.79% of Boston Family Office’s portfolio.
Ecolab closed down -0.71 points or -0.62% at $114.27 with 20,31,468 shares getting traded on Monday. Post opening the session at $114.47, the shares hit an intraday low of $113.86 and an intraday high of $115.14 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Chesley Taft Associates boosted its stake in ECL in the latest quarter, The investment management firm added 2,327 additional shares and now holds a total of 117,500 shares of Ecolab which is valued at $13,510,150. Ecolab makes up approx 1.43% of Chesley Taft Associates’s portfolio.Advisory Services Network boosted its stake in ECL in the latest quarter, The investment management firm added 231 additional shares and now holds a total of 998 shares of Ecolab which is valued at $116,008. Ecolab makes up approx 0.03% of Advisory Services Network’s portfolio. Lebenthal Holdingsllc added ECL to its portfolio by purchasing 2,765 company shares during the most recent quarter which is valued at $321,404. Ecolab makes up approx 0.06% of Lebenthal Holdingsllc’s portfolio.Eagle Capital Management boosted its stake in ECL in the latest quarter, The investment management firm added 162 additional shares and now holds a total of 26,797 shares of Ecolab which is valued at $3,081,923. Ecolab makes up approx 3.07% of Eagle Capital Management’s portfolio.
On the company’s financial health, Ecolab reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.76. The company had revenue of $3097.40 million for the quarter, compared to analysts expectations of $3119.22 million. The company’s revenue was down -6.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.80 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.