Pioneer Investment Management Inc buys $300,793,160 stake in Ecolab (ECL)

Ecolab (ECL) : Pioneer Investment Management Inc scooped up 141,797 additional shares in Ecolab during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 2,456,457 shares of Ecolab which is valued at $300,793,160.Ecolab makes up approximately 1.07% of Pioneer Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Edmond De Rothschild Holding S.a. sold out all of its stake in ECL during the most recent quarter. The investment firm sold 500 shares of ECL which is valued $61,225.Fayerweather Charles reduced its stake in ECL by selling 385 shares or 13.77% in the most recent quarter. The Hedge Fund company now holds 2,410 shares of ECL which is valued at $296,792. Ecolab makes up approx 0.40% of Fayerweather Charles’s portfolio. Jaffetilchin Investment Partners added ECL to its portfolio by purchasing 3,016 company shares during the most recent quarter which is valued at $370,124. Ecolab makes up approx 0.11% of Jaffetilchin Investment Partners’s portfolio.Sit Investment Associates Inc reduced its stake in ECL by selling 5,400 shares or 4.53% in the most recent quarter. The Hedge Fund company now holds 113,750 shares of ECL which is valued at $13,465,725. Ecolab makes up approx 0.35% of Sit Investment Associates Inc’s portfolio. Agran Libbie added ECL to its portfolio by purchasing 1,807 company shares during the most recent quarter which is valued at $215,412. Ecolab makes up approx 0.05% of Agran Libbie’s portfolio.

Ecolab opened for trading at $121.93 and hit $122.94 on the upside on Friday, eventually ending the session at $122.77, with a gain of 0.31% or 0.38 points. The heightened volatility saw the trading volume jump to 8,03,246 shares. Company has a market cap of $35,799 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.

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. 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 was Downgraded by Stifel to ” Hold” 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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