S&co Inc buys $28,500,069 stake in Ecolab (ECL)

Ecolab (ECL) : S&co Inc scooped up 3,400 additional shares in Ecolab during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 237,461 shares of Ecolab which is valued at $28,500,069.Ecolab makes up approximately 4.26% of S&co Inc’s portfolio.

Other Hedge Funds, Including , Meristem Llp reduced its stake in ECL by selling 598 shares or 24.92% in the most recent quarter. The Hedge Fund company now holds 1,802 shares of ECL which is valued at $216,276. Ecolab makes up approx 0.09% of Meristem Llp’s portfolio.Nordea Investment Management Ab boosted its stake in ECL in the latest quarter, The investment management firm added 660 additional shares and now holds a total of 37,520 shares of Ecolab which is valued at $4,503,526. Ecolab makes up approx 0.01% of Nordea Investment Management Ab’s portfolio. Cribstone Capital Management added ECL to its portfolio by purchasing 33 company shares during the most recent quarter which is valued at $3,961.Sumitomo Life Insurance Co reduced its stake in ECL by selling 432 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 12,278 shares of ECL which is valued at $1,477,535. Ecolab makes up approx 0.20% of Sumitomo Life Insurance Co’s portfolio.Creative Planning boosted its stake in ECL in the latest quarter, The investment management firm added 31 additional shares and now holds a total of 2,824 shares of Ecolab which is valued at $340,461.

Ecolab closed down -0.08 points or -0.07% at $119.13 with 8,07,219 shares getting traded on Thursday. Post opening the session at $119.1, the shares hit an intraday low of $118.01 and an intraday high of $119.77 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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.

Leave a Reply

Ecolab - Is it time to Sell?

Top Brokerage Firms are advising their investors on Ecolab. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.