Vigilant Capital Management Lowers stake in Ecolab (ECL)

Ecolab (ECL) : Vigilant Capital Management reduced its stake in Ecolab by 1.81% during the most recent quarter end. The investment management company now holds a total of 70,106 shares of Ecolab which is valued at $8,414,823 after selling 1,292 shares in Ecolab , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Ecolab makes up approximately 1.56% of Vigilant Capital Management’s portfolio.

Other Hedge Funds, Including , Palladium Partners reduced its stake in ECL by selling 700 shares or 6.76% in the most recent quarter. The Hedge Fund company now holds 9,650 shares of ECL which is valued at $1,158,290. Ecolab makes up approx 0.10% of Palladium Partners’s portfolio.Palisade Asset Management reduced its stake in ECL by selling 150 shares or 0.53% in the most recent quarter. The Hedge Fund company now holds 27,904 shares of ECL which is valued at $3,364,106. Ecolab makes up approx 0.63% of Palisade Asset Management’s portfolio.Patton Albertson Miller Group reduced its stake in ECL by selling 1,517 shares or 11.7% in the most recent quarter. The Hedge Fund company now holds 11,450 shares of ECL which is valued at $1,380,412. Ecolab makes up approx 0.61% of Patton Albertson Miller Group’s portfolio.

Ecolab closed down -0.11 points or -0.09% at $120.03 with 8,40,490 shares getting traded on Wednesday. Post opening the session at $120.19, the shares hit an intraday low of $119.71 and an intraday high of $120.43 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

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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