Cabot Wealth Management Inc Lowers stake in Ecolab (ECL)

Ecolab (ECL) : Cabot Wealth Management Inc reduced its stake in Ecolab by 0.78% during the most recent quarter end. The investment management company now holds a total of 59,135 shares of Ecolab which is valued at $7,129,316 after selling 462 shares in Ecolab , the firm said in a disclosure report filed with the SEC on Jul 11, 2016.Ecolab makes up approximately 1.84% of Cabot Wealth Management Inc’s portfolio.

Other Hedge Funds, Including , Benjamin F. Edwards Company reduced its stake in ECL by selling 357 shares or 11.09% in the most recent quarter. The Hedge Fund company now holds 2,863 shares of ECL which is valued at $345,163. Ecolab makes up approx 0.07% of Benjamin F. Edwards Company’s portfolio.Perkins Coie Trust Co boosted its stake in ECL in the latest quarter, The investment management firm added 115 additional shares and now holds a total of 7,692 shares of Ecolab which is valued at $916,886. Ecolab makes up approx 0.60% of Perkins Coie Trust Co’s portfolio.Capital Investment Services Of America reduced its stake in ECL by selling 1,290 shares or 1.02% in the most recent quarter. The Hedge Fund company now holds 125,116 shares of ECL which is valued at $14,913,827. Ecolab makes up approx 2.80% of Capital Investment Services Of America’s portfolio.Raymond James Trust N.a. reduced its stake in ECL by selling 168 shares or 1.31% in the most recent quarter. The Hedge Fund company now holds 12,631 shares of ECL which is valued at $1,505,615. Ecolab makes up approx 0.13% of Raymond James Trust N.a.’s portfolio.Toth Financial Advisory Corp boosted its stake in ECL in the latest quarter, The investment management firm added 2,373 additional shares and now holds a total of 51,468 shares of Ecolab which is valued at $6,116,972. Ecolab makes up approx 1.87% of Toth Financial Advisory Corp’s portfolio.

Ecolab opened for trading at $120.6 and hit $120.72 on the upside on Wednesday, eventually ending the session at $120.56, with a gain of 0.22% or 0.26 points. The heightened volatility saw the trading volume jump to 7,86,607 shares. Company has a market cap of $35,361 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.

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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