Howland Capital Management buys $17,871,054 stake in Ecolab (ECL)

Ecolab (ECL) : Howland Capital Management scooped up 152 additional shares in Ecolab during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 152,731 shares of Ecolab which is valued at $17,871,054.Ecolab makes up approximately 1.70% of Howland Capital Management’s portfolio.

Other Hedge Funds, Including , Parametrica Management Ltd sold out all of its stake in ECL during the most recent quarter. The investment firm sold 3,078 shares of ECL which is valued $360,157.Oregon Public Employees Retirement Fund reduced its stake in ECL by selling 9,389 shares or 25.61% in the most recent quarter. The Hedge Fund company now holds 27,266 shares of ECL which is valued at $3,246,563. Ecolab makes up approx 0.07% of Oregon Public Employees Retirement Fund’s portfolio.Telemus Capital boosted its stake in ECL in the latest quarter, The investment management firm added 66 additional shares and now holds a total of 3,547 shares of Ecolab which is valued at $425,675. Ecolab makes up approx 0.05% of Telemus Capital’s portfolio.Chevy Chase Trust Holdings boosted its stake in ECL in the latest quarter, The investment management firm added 14,243 additional shares and now holds a total of 438,786 shares of Ecolab which is valued at $52,658,708. Ecolab makes up approx 0.29% of Chevy Chase Trust Holdings’s portfolio.

Ecolab closed down -1.91 points or -1.60% at $117.16 with 8,64,305 shares getting traded on Tuesday. Post opening the session at $118.48, the shares hit an intraday low of $116.5 and an intraday high of $119.135 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Ecolab - Is it time to Sell?

Top Brokerage Firms are advising their investors on Ecolab. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.