Saturday, June 25, 2022

A company insider recently sold 3,000 shares of Ecolab Inc. [ECL]. Should You also Consider to Sale?

Ecolab Inc.’s recent filing unveils that its EVP, GC & SECRETARY McCormick Michael C. unloaded Company’s shares for reported $0.5 million on Jun 08. In the deal valued at $167.72 per share,3,000 shares were sold. As a result of this transaction, McCormick Michael C. now holds 50,060 shares worth roughly $ 7.44 million.

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Then, MacLennan David bought 600 shares, generating $102,604 in total proceeds. Upon buying the shares at $171.01, the Director now owns 11,351 shares.

Before that, McKibben Tracy B bought 1,475 shares. Ecolab Inc. shares valued at $250,750 were divested by the Director at a price of $170.00 per share. As a result of the transaction, McKibben Tracy B now holds 6,746 shares, worth roughly $1.0 million.

Meanwhile, Credit Suisse upgraded its Ecolab Inc. [ECL] rating to an Outperform from a a Neutral in a research note published on Tuesday, June 03, 2022; the price target was increased to $195 from $180. PT values the company’s stock at a premium of 23.8 to its Tuesday closing price. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in early June from “a Neutral” to “a Buy”. JP Morgan revised its rating on April 27, 2022. It rated ECL as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of ECL

On Tuesday, Ecolab Inc. [NYSE:ECL] saw its stock jump 0.28% to $148.59. On the same session, the stock had its day’s lowest price of $147.79, but rose to a high of $150.00. Over the last five days, the stock has lost -2.75%. Ecolab Inc. shares have fallen nearly -36.66% since the year began. Nevertheless, the stocks have fallen -29.17% over the past one year. While a 52-week high of $238.93 was reached on 01/05/22, a 52-week low of $143.82 was recorded on 06/16/22. SMA at 50 days reached $165.88, while 200 days put it at $197.58. A total of 1.39 million shares were traded, compared to the trading of 2.73 million shares in the previous session.

Levels Of Support And Resistance For ECL Stock

The 24-hour chart illustrates a support level at 147.59, which if violated will result in even more drops to 146.58. On the upside, there is a resistance level at 149.80. A further resistance level may holdings at 151.00. The Relative Strength Index (RSI) on the 14-day chart is 35.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.51%. Stochastics %K at 14.58% indicates the stock is a buying.

How much short interest is there in Ecolab Inc.?

A steep rise in short interest was recorded in Ecolab Inc. stocks on Apr 28, 2022, dropping by -0.4 million shares to a total of 2.0 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 2.4 million shares. There was a decline of -20.0%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.80% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.45.

Ecolab Inc. [ECL] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 20,789,345 shares, or roughly 7.28% of the outstanding ECL shares. In other words, the investor’s shares have risen by 192,866 from its previous 13-F filing of 20596479.0. Additionally, BlackRock Fund Advisors increased 4.33% of its stake after which the total value it holdings stand at $1,946,907,081, while SSgA Funds Management, Inc. reduced -0.71% of its stake to hold $1.87 billion in the firm. Over the last quarter, Wellington Management Co. LLP purchased 532,170 shares of Ecolab Inc., while Aristotle Capital Management LLC bought 33,473 shares. At present, Bill & Melinda Gates Foundation T is holding 4,366,427 shares valued at $715.7 million. Geode Capital Management LLC owned 4,240,434 shares of the company at the time of its most recent 13F filing, worth $695.05 million.

According to FactSet, Ecolab Inc.’s share price will average $193.94 in the next year, based on opinions of analysts polled by the firm. This is up nearly 30.26 percent from its previous closing price of $148.17. Analysts expect Ecolab Inc. stock to reach the higher price of $225.00, while the lowest price estimate is $170.00. However, 23 analysts have rated ECL stock as an Overweight in their predictions for 2022. The most recent change occurred on April 05, 2022 when Atlantic Equities began covering the stock and recommended ‘”an Overweight”‘ rating along with a $210 price target.

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