Liberty Capital Management Lowers stake in Ecolab (ECL)

Ecolab (ECL) : Liberty Capital Management reduced its stake in Ecolab by 1.31% during the most recent quarter end. The investment management company now holds a total of 22,910 shares of Ecolab which is valued at $2,805,330 after selling 305 shares in Ecolab , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Ecolab makes up approximately 2.04% of Liberty Capital Management’s portfolio.

Other Hedge Funds, Including , Meiji Yasuda Life Insurance Co reduced its stake in ECL by selling 1,400 shares or 10.7% in the most recent quarter. The Hedge Fund company now holds 11,681 shares of ECL which is valued at $1,430,338. Ecolab makes up approx 0.22% of Meiji Yasuda Life Insurance Co’s portfolio.Cibc Asset Management Inc reduced its stake in ECL by selling 6,081 shares or 18.21% in the most recent quarter. The Hedge Fund company now holds 27,319 shares of ECL which is valued at $3,316,800. Ecolab makes up approx 0.02% of Cibc Asset Management Inc’s portfolio. Eagle Ridge Investment Management added ECL to its portfolio by purchasing 1,906 company shares during the most recent quarter which is valued at $228,758. Ecolab makes up approx 0.05% of Eagle Ridge Investment Management’s portfolio.Dearborn Partners boosted its stake in ECL in the latest quarter, The investment management firm added 362 additional shares and now holds a total of 16,551 shares of Ecolab which is valued at $1,986,617. Ecolab makes up approx 0.17% of Dearborn Partners’s portfolio.

Ecolab closed down -0.96 points or -0.78% at $122.74 with 698,799 shares getting traded on Wednesday. Post opening the session at $124.47, the shares hit an intraday low of $122.26 and an intraday high of $124.47 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

Investors should note that on Aug 4, 2016, Ecolab announced a cash dividend of $0.3500. The company’s management has announced Sep 16, 2016 as the ex-dividend date and fixed the record date on Sep 20, 2016. The payable date has been fixed on Oct 17, 2016.

Many Wall Street Analysts have commented on Ecolab. Macquarie Initiated Ecolab on Aug 26, 2016 to “Outperform”, Price Target of the shares are set at $143.Company shares were Reiterated by Nomura on Aug 22, 2016 to “Reduce”, Firm has raised the Price Target to $ 98 from a previous price target of $94 .Ecolab was Upgraded by Citigroup to ” Buy” on Aug 3, 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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