Carderock Capital Management Inc buys $5,535,646 stake in Ecolab (ECL)

Ecolab (ECL) : Carderock Capital Management Inc scooped up 1,536 additional shares in Ecolab during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 47,293 shares of Ecolab which is valued at $5,535,646.Ecolab makes up approximately 2.88% of Carderock Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Dillon Associates Inc boosted its stake in ECL in the latest quarter, The investment management firm added 52 additional shares and now holds a total of 39,447 shares of Ecolab which is valued at $4,617,271. Ecolab makes up approx 2.17% of Dillon Associates Inc’s portfolio. American Century Companies Inc added ECL to its portfolio by purchasing 266,940 company shares during the most recent quarter which is valued at $31,245,327. Ecolab makes up approx 0.04% of American Century Companies Inc’s portfolio.Sii Investments Incwi boosted its stake in ECL in the latest quarter, The investment management firm added 22 additional shares and now holds a total of 3,057 shares of Ecolab which is valued at $351,494. Ecolab makes up approx 0.03% of Sii Investments Incwi’s portfolio.Metlife Securities Inc boosted its stake in ECL in the latest quarter, The investment management firm added 1,155 additional shares and now holds a total of 4,513 shares of Ecolab which is valued at $524,591. Ecolab makes up approx 0.02% of Metlife Securities Inc’s portfolio.

Ecolab opened for trading at $116.05 and hit $117.17 on the upside on Tuesday, eventually ending the session at $117.11, with a gain of 1.42% or 1.64 points. The heightened volatility saw the trading volume jump to 8,62,183 shares. Company has a market cap of $34,349 M.

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.

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