Ecolab (ECL) : Zurcher Kantonalbank (zurich Cantonalbank) scooped up 21,198 additional shares in Ecolab during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 389,278 shares of Ecolab which is valued at $45.2 Million.Ecolab makes up approximately 0.58% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.
Other Hedge Funds, Including , Bokf Na boosted its stake in ECL in the latest quarter, The investment management firm added 2,335 additional shares and now holds a total of 48,287 shares of Ecolab which is valued at $5.6 Million. Ecolab makes up approx 0.20% of Bokf Na’s portfolio.Coconut Grove Bank boosted its stake in ECL in the latest quarter, The investment management firm added 107 additional shares and now holds a total of 1,511 shares of Ecolab which is valued at $175,306. Ecolab makes up approx 0.16% of Coconut Grove Bank’s portfolio.Shell Asset Management Co reduced its stake in ECL by selling 8,343 shares or 12.61% in the most recent quarter. The Hedge Fund company now holds 57,806 shares of ECL which is valued at $6.7 Million. Ecolab makes up approx 0.16% of Shell Asset Management Co’s portfolio.Allegis Investment Advisors boosted its stake in ECL in the latest quarter, The investment management firm added 2,813 additional shares and now holds a total of 13,084 shares of Ecolab which is valued at $1.5 Million. Ecolab makes up approx 0.88% of Allegis Investment Advisors’s portfolio.Calvert Investment Management boosted its stake in ECL in the latest quarter, The investment management firm added 4,579 additional shares and now holds a total of 25,444 shares of Ecolab which is valued at $3 Million. Ecolab makes up approx 0.13% of Calvert Investment Management’s portfolio.
Ecolab closed down -0.04 points or -0.03% at $118.52 with 11,19,921 shares getting traded on Wednesday. Post opening the session at $118.98, the shares hit an intraday low of $118.43 and an intraday high of $119.5 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.
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.