Bruno Lavandier Sells 347 Shares of Ecolab Inc. (ECL) Stock

Ecolab Inc. (NYSE:ECL) SVP Bruno Lavandier sold 347 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $134.77, for a total transaction of $46,765.19. Following the sale, the senior vice president now owns 7,615 shares in the company, valued at $1,026,273.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Ecolab Inc. (NYSE ECL) traded down $0.54 during trading on Thursday, hitting $136.88. The stock had a trading volume of 1,018,100 shares, compared to its average volume of 943,540. Ecolab Inc. has a twelve month low of $116.64 and a twelve month high of $137.96. The firm has a market capitalization of $39,702.60, a price-to-earnings ratio of 30.20, a price-to-earnings-growth ratio of 2.29 and a beta of 1.05. 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 (NYSE:ECL) last issued its earnings results on Tuesday, October 31st. The basic materials company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.01. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.55 billion. Ecolab had a return on equity of 19.05% and a net margin of 9.67%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 EPS. equities research analysts expect that Ecolab Inc. will post 4.7 EPS for the current year.

ECL has been the subject of several recent research reports. BidaskClub downgraded Ecolab from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Morgan Stanley initiated coverage on Ecolab in a research note on Tuesday, August 15th. They set an “equal weight” rating and a $140.00 price target for the company. Jefferies Group restated a “hold” rating and issued a $130.00 price target on shares of Ecolab in a report on Wednesday, August 16th. Credit Suisse Group restated a “hold” rating on shares of Ecolab in a report on Wednesday, September 6th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $145.00 target price on shares of Ecolab in a report on Monday, September 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $136.86.

Several hedge funds and other institutional investors have recently modified their holdings of the company. TCI Wealth Advisors Inc. increased its holdings in Ecolab by 4.8% during 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 in the last quarter. Atlantic Trust LLC acquired a new stake in shares of Ecolab in the 2nd quarter valued at $106,000. IHT Wealth Management LLC increased 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 buying an additional 38 shares during the period. Atwood & Palmer Inc. increased 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 buying an additional 25 shares during the period. Finally, Sphera Funds Management LTD. acquired a new stake in shares of Ecolab in the 2nd quarter valued at $133,000. 76.98% of the stock is currently owned by institutional investors and hedge funds.

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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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