Ecolab (ECL) : Boston Private Wealth reduced its stake in Ecolab by 4.01% during the most recent quarter end. The investment management company now holds a total of 135,117 shares of Ecolab which is valued at $16,404,555 after selling 5,651 shares in Ecolab , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Ecolab makes up approximately 0.65% of Boston Private Wealth’s portfolio.
Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in ECL by selling 8,437 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 552,434 shares of ECL which is valued at $67,071,012. Ecolab makes up approx 0.14% of California State Teachers Retirement System’s portfolio. Herndon Capital Management added ECL to its portfolio by purchasing 24 company shares during the most recent quarter which is valued at $2,841.Newsquare Capital reduced its stake in ECL by selling 12 shares or 2.89% in the most recent quarter. The Hedge Fund company now holds 403 shares of ECL which is valued at $48,042. Ecolab makes up approx 0.01% of Newsquare Capital’s portfolio.Boston Common Asset Management boosted its stake in ECL in the latest quarter, The investment management firm added 2,345 additional shares and now holds a total of 42,482 shares of Ecolab which is valued at $5,099,114. Ecolab makes up approx 0.73% of Boston Common Asset Management’s portfolio.Gwm Advisors boosted its stake in ECL in the latest quarter, The investment management firm added 3,174 additional shares and now holds a total of 25,763 shares of Ecolab which is valued at $3,100,319. Ecolab makes up approx 1.27% of Gwm Advisors’s portfolio.
Ecolab opened for trading at $121.69 and hit $122.66 on the upside on Thursday, eventually ending the session at $122.23, with a gain of 0.68% or 0.82 points. The heightened volatility saw the trading volume jump to 10,15,802 shares. Company has a market cap of $35,851 M.
On the company’s financial health, Ecolab reported $1.08 EPS for the quarter, based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus estimate of $1.08. The company had revenue of $3317.00 million for the quarter, compared to analysts expectations of $3326.45 million. The company’s revenue was down -2.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.08 EPS.
Many Wall Street Analysts have commented on Ecolab. Ecolab was Upgraded by Citigroup to ” Buy” on Aug 3, 2016. Ecolab was Downgraded by Stifel to ” Hold” on Aug 3, 2016. Company shares were Reiterated by Canaccord Genuity on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 135 from a previous price target of $126 .
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.