Ecolab Inc. (NYSE:ECL) insider Thomas W. Handley sold 11,644 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $137.50, for a total value of $1,601,050.00. Following the completion of the sale, the insider now directly owns 109,542 shares of the company’s stock, valued at approximately $15,062,025. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Thomas W. Handley also recently made the following trade(s):

  • On Thursday, September 14th, Thomas W. Handley sold 7,397 shares of Ecolab stock. The stock was sold at an average price of $130.63, for a total value of $966,270.11.

Shares of Ecolab Inc. (NYSE ECL) traded down $0.54 on Wednesday, reaching $136.88. The company had a trading volume of 1,018,120 shares, compared to its average volume of 943,540. Ecolab Inc. has a 1 year low of $116.64 and a 1 year high of $137.96. The company has a quick ratio of 0.83, a current ratio of 1.23 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $39,656.38, a price-to-earnings ratio of 30.17, a price-to-earnings-growth 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, beating the consensus estimate of $1.36 by $0.01. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.55 billion. During the same period in the previous year, the company posted $1.28 earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. equities research analysts expect that Ecolab Inc. will post 4.7 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in ECL. TCI Wealth Advisors Inc. grew its stake in shares of Ecolab by 4.8% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 763 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 35 shares during the period. Atlantic Trust LLC bought a new stake in shares of Ecolab in the 2nd quarter valued at approximately $106,000. IHT Wealth Management LLC grew its stake in shares of Ecolab by 4.9% in the 2nd quarter. IHT Wealth Management LLC now owns 811 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 38 shares during the period. Atwood & Palmer Inc. grew its stake in shares of Ecolab by 2.9% in the 2nd quarter. Atwood & Palmer Inc. now owns 892 shares of the basic materials company’s stock valued at $118,000 after purchasing an additional 25 shares during the period. Finally, Sphera Funds Management LTD. bought a new stake in shares of Ecolab in the 2nd quarter valued at approximately $133,000. Institutional investors own 76.98% of the company’s stock.

ECL has been the subject of several research analyst reports. Robert W. Baird reissued a “hold” rating and set a $140.00 price objective on shares of Ecolab in a research report on Thursday, October 12th. Jefferies Group boosted their price objective on Ecolab from $130.00 to $140.00 and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Morgan Stanley initiated coverage on Ecolab in a research report on Tuesday, August 15th. They set an “equal weight” rating and a $140.00 price objective for the company. Barclays boosted their price objective on Ecolab from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Finally, Canaccord Genuity reissued a “buy” rating and set a $145.00 price objective on shares of Ecolab in a research report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $136.86.

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Ecolab Company Profile

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.

Insider Buying and Selling by Quarter for Ecolab (NYSE:ECL)

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