Taking a look at what insiders are doing to gauge the Ecolab Inc. (ECL)’s direction

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ecolab Inc. shares valued at $392,518 were sold by Busch Angela M on Sep 07. At $170.66 per share, Busch Angela M sold 2,300 shares. The insider’s holdings dropped to 16,716 shares worth approximately $2.54 million following the completion of this transaction.

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Also, GATES WILLIAM H III purchased 21,412 shares, netting a total of over 3,635,322 in proceeds. Following the buying of shares at $169.78 each, the insider now holds 31,185,554 shares.

Before that, GATES WILLIAM H III had added 37,255 shares to its account. In a trade valued at $6,418,519, the 10% Owner bought Ecolab Inc. shares for $172.29 each. Upon closing the transaction, the insider’s holdings increased to 37,255 shares, worth approximately $4.73 billion.

As published in a research note from Northcoast on September 06, 2022, Ecolab Inc. [ECL] has been rated up from a Neutral to a Buy and the price target has been revised to $188. This represents a 19.26% premium over Wednesday’s closing price. Analysts at Northcoast started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid July. As of July 13, 2022, Wells Fargo has initiated its “an Overweight” rating for ECL. Earlier on July 13, 2022, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for ECL stock which previously was a “a Buy”.

Analyzing ECL’s Price Performance

On Wednesday, Ecolab Inc. [NYSE: ECL] plunged -3.02% to $151.80. The stock’s lowest price that day was $151.70, but it reached a high of $158.625 in the same session. During the last five days, there has been a drop of approximately -7.80%. Over the course of the year, Ecolab Inc. shares have dropped approximately -35.29%. Shares of the company reached a 52-week high of $237.38 on 01/05/22 and a 52-week low of $143.82 on 06/16/22. A 50-day SMA is recorded $165.05, while a 200-day SMA reached $178.29. Nevertheless, trading volume fell to 1.39 million shares from 0.79 million shares the previous day.

Support And Resistance Levels for Ecolab Inc. (ECL)

According to the 24-hour chart, there is a support level at 149.46, which, if violated, would cause prices to drop to 147.12. In the upper region, resistance lies at 156.38. The next price resistance is at 160.97. RSI (Relative Strength Index) is 32.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.89, which suggests the price will decrease in the coming days. Percent R is at 99.57%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Ecolab Inc. subject to short interest?

Stocks of Ecolab Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.7 million shares to 2.71 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.01 million shares. A jump of 25.83% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.11 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.11.

Which companies own the most shares of Ecolab Inc. (ECL)?

According to The Vanguard Group, Inc. filings, the company currently owns 20,918,797 shares, which is about 7.34% of the total ECL shares outstanding. The investor’s shares have appreciated by 129,452 from its previous 13-F filing of 20789345.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $1,959,716,766. SSgA Funds Management, Inc. acquire a 1.29% interest valued at $1.89 billion while Wellington Management Co. LLP purchased a 2,102,894 stake. A total of -50,134 shares of Ecolab Inc. were bought by Aristotle Capital Management LLC during the quarter, and 478,589 were bought by Bill & Melinda Gates Foundation T. In its current portfolio, Geode Capital Management LLC holds 4,371,367 shares valued at $716.16 million.

In terms of Ecolab Inc. share price expectations, FactSet research, analysts set an average price target of $179.79 in the next 12 months, up nearly 15.0% from the previous closing price of $156.52. Analysts anticipate Ecolab Inc. stock to reach $198.00 by 2022, with the lowest price target being $163.00. In spite of this, 25 analysts ranked Ecolab Inc. stock as an Overweight at the end of 2022. On June 03, 2022, Credit Suisse assigned a price target of “an Outperform” to the stock and upgraded coverage with a $195.


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