Insight 2811 Lowers stake in Ecolab (ECL)

Ecolab (ECL) : Insight 2811 reduced its stake in Ecolab by 1.08% during the most recent quarter end. The investment management company now holds a total of 18,359 shares of Ecolab which is valued at $2.1 Million after selling 200 shares in Ecolab , the firm said in a disclosure report filed with the SEC on May 12, 2016.Ecolab makes up approximately 0.82% of Insight 2811’s portfolio.

Other Hedge Funds, Including , Comgest Global Investors S.a.s. reduced its stake in ECL by selling 29,400 shares or 23.31% in the most recent quarter. The Hedge Fund company now holds 96,700 shares of ECL which is valued at $11.2 Million. Ecolab makes up approx 0.38% of Comgest Global Investors S.a.s.’s portfolio.Shinko Asset Management Ltd. reduced its stake in ECL by selling 47 shares or 6.33% in the most recent quarter. The Hedge Fund company now holds 695 shares of ECL which is valued at $80,634.Oak Ridge Investments reduced its stake in ECL by selling 1,742 shares or 1.14% in the most recent quarter. The Hedge Fund company now holds 150,775 shares of ECL which is valued at $17.5 Million. Ecolab makes up approx 0.46% of Oak Ridge Investments’s portfolio. Stanley-laman Group Ltd. sold out all of its stake in ECL during the most recent quarter. The investment firm sold 8,637 shares of ECL which is valued $1 Million.Eads Heald Investment Counsel reduced its stake in ECL by selling 355 shares or 2.2% in the most recent quarter. The Hedge Fund company now holds 15,814 shares of ECL which is valued at $1.8 Million. Ecolab makes up approx 1.26% of Eads Heald Investment Counsel’s portfolio.

Ecolab opened for trading at $116.81 and hit $117.58 on the upside on Friday, eventually ending the session at $116.72, with a gain of 0.48% or 0.56 points. The heightened volatility saw the trading volume jump to 17,36,113 shares. Company has a market cap of $34,235 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.

Investors should note that on May 5, 2016, Ecolab announced a cash dividend of $0.3500. The company’s management has announced Jun 17, 2016 as the ex-dividend date and fixed the record date on Jun 21, 2016. The payable date has been fixed on Jul 15, 2016.

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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