Douglas M. Baker, Jr. Sells 18,000 Shares of Ecolab Inc. (ECL) Stock
Ecolab Inc. (NYSE:ECL) CEO Douglas M. Baker, Jr. sold 18,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $137.09, for a total transaction of $2,467,620.00. Following the completion of the sale, the chief executive officer now owns 427,548 shares in the company, valued at approximately $58,612,555.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Ecolab Inc. (ECL) traded up $0.16 during mid-day trading on Wednesday, hitting $137.42. 1,154,500 shares of the stock traded hands, compared to its average volume of 943,221. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.83 and a current ratio of 1.23. Ecolab Inc. has a 12 month low of $116.42 and a 12 month high of $137.96. The stock has a market cap of $39,656.38, a price-to-earnings ratio of 30.17, a P/E/G ratio of 2.29 and a beta of 1.05.
Ecolab (NYSE:ECL) last issued its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.01. Ecolab had a net margin of 9.67% and a return on equity of 19.05%. The company had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.55 billion. During the same quarter last year, the business posted $1.28 EPS. Ecolab’s quarterly revenue was up 5.2% compared to the same quarter last year. equities research analysts anticipate that Ecolab Inc. will post 4.7 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the company. TCI Wealth Advisors Inc. increased its stake in shares of Ecolab by 4.8% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 763 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 35 shares during the last quarter. Atlantic Trust LLC purchased a new stake in shares of Ecolab during the 2nd quarter worth approximately $106,000. IHT Wealth Management LLC increased its stake in shares of Ecolab by 4.9% during the 2nd quarter. IHT Wealth Management LLC now owns 811 shares of the basic materials company’s stock worth $116,000 after purchasing an additional 38 shares during the last quarter. Atwood & Palmer Inc. increased its stake in shares of Ecolab by 2.9% during the 2nd quarter. Atwood & Palmer Inc. now owns 892 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 25 shares during the last quarter. Finally, Sphera Funds Management LTD. bought a new position in Ecolab in the 2nd quarter worth approximately $133,000. Institutional investors own 76.98% of the company’s stock.
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Ecolab Inc provides water, hygiene and energy technologies and services. 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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