Headinvest adds Ecolab (ECL) to its portfolio

Ecolab (ECL) : Headinvest added new position in Ecolab during the most recent quarter end. The investment management firm now holds 24,450 shares of Ecolab which is valued at $2,914,685 , the company said in a statement filed on Jul 26, 2016 with the SEC.Ecolab makes up approximately 1.08% of Headinvest’s portfolio.

Other Hedge Funds, Including , Smith Asset Management Group Lp sold out all of its stake in ECL during the most recent quarter. The investment firm sold 100 shares of ECL which is valued $11,921.Conestoga Capital Advisors reduced its stake in ECL by selling 180 shares or 8.29% in the most recent quarter. The Hedge Fund company now holds 1,990 shares of ECL which is valued at $238,840. Ecolab makes up approx 0.02% of Conestoga Capital Advisors’s portfolio.First Western Capital Management Co reduced its stake in ECL by selling 1,115 shares or 2.91% in the most recent quarter. The Hedge Fund company now holds 37,223 shares of ECL which is valued at $4,487,605. Ecolab makes up approx 1.60% of First Western Capital Management Co’s portfolio.

Ecolab closed down -0.75 points or -0.63% at $118.38 with 9,82,683 shares getting traded on Friday. Post opening the session at $118.81, the shares hit an intraday low of $117.61 and an intraday high of $118.855 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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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