Carleon Capital Partners adds Ecolab (ECL) to its portfolio

Ecolab (ECL) : Carleon Capital Partners added new position in Ecolab during the most recent quarter end. The investment management firm now holds 13,300 shares of Ecolab which is valued at $1,637,895 , the company said in a statement filed on Aug 9, 2016 with the SEC.Ecolab makes up approximately 0.79% of Carleon Capital Partners’s portfolio.

Other Hedge Funds, Including , Wedbush Securities Inc boosted its stake in ECL in the latest quarter, The investment management firm added 161 additional shares and now holds a total of 2,564 shares of Ecolab which is valued at $311,295. Ecolab makes up approx 0.05% of Wedbush Securities Inc’s portfolio.Reliant Investment Management boosted its stake in ECL in the latest quarter, The investment management firm added 35 additional shares and now holds a total of 25,010 shares of Ecolab which is valued at $3,036,464. Ecolab makes up approx 2.65% of Reliant Investment Management’s portfolio.Agf Investments reduced its stake in ECL by selling 11,074 shares or 22.04% in the most recent quarter. The Hedge Fund company now holds 39,176 shares of ECL which is valued at $4,756,358. Ecolab makes up approx 0.05% of Agf Investments’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.

Ecolab opened for trading at $122.36 and hit $122.58 on the upside on Wednesday, eventually ending the session at $122.26, with a gain of 0.02% or 0.02 points. The heightened volatility saw the trading volume jump to 6,08,598 shares. Company has a market cap of $35,650 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. 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.

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