Cim buys $9,014,910 stake in Ecolab (ECL)

Ecolab (ECL) : Cim scooped up 63 additional shares in Ecolab during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 74,912 shares of Ecolab which is valued at $9,014,910.Ecolab makes up approximately 4.37% of Cim’s portfolio.

Other Hedge Funds, Including , Arcadia Investment Management Corpmi reduced its stake in ECL by selling 1,788 shares or 2.55% in the most recent quarter. The Hedge Fund company now holds 68,227 shares of ECL which is valued at $8,210,437. Ecolab makes up approx 2.59% of Arcadia Investment Management Corpmi’s portfolio.Private Bank Trust Co boosted its stake in ECL in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 2,094 shares of Ecolab which is valued at $251,992. Ecolab makes up approx 0.04% of Private Bank Trust Co’s portfolio.Creative Planning boosted its stake in ECL in the latest quarter, The investment management firm added 31 additional shares and now holds a total of 2,824 shares of Ecolab which is valued at $340,461.Howland Capital Management boosted its stake in ECL in the latest quarter, The investment management firm added 3,206 additional shares and now holds a total of 152,579 shares of Ecolab which is valued at $18,187,417. Ecolab makes up approx 1.70% of Howland Capital Management’s portfolio.

Ecolab closed down -0.61 points or -0.50% at $120.34 with 6,96,049 shares getting traded on Monday. Post opening the session at $120.68, the shares hit an intraday low of $120.12 and an intraday high of $121.1 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

Many Wall Street Analysts have commented on Ecolab. Ecolab was Initiated by Nomura to “Reduce” on Apr 20, 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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