A company insider recently sold 2,300 shares of Ecolab Inc. [ECL]. Should You also Consider to Sale?

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MDNA
MDNA

Ecolab Inc.’s recent filing unveils that its EVP – CORP STRAT & BUS DEV Busch Angela M unloaded Company’s shares for reported $0.39 million on Sep 07. In the deal valued at $170.66 per share,2,300 shares were sold. As a result of this transaction, Busch Angela M now holds 16,716 shares worth roughly $ 2.25 million.


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Then, GATES WILLIAM H III bought 21,412 shares, generating $3,635,322 in total proceeds. Upon buying the shares at $169.78, the 10% Owner now owns 31,185,554 shares.

Before that, GATES WILLIAM H III bought 37,255 shares. Ecolab Inc. shares valued at $6,418,519 were divested by the 10% Owner at a price of $172.29 per share. As a result of the transaction, GATES WILLIAM H III now holds 31,164,142 shares, worth roughly $4.2 billion.

Deutsche Bank downgraded its Ecolab Inc. [ECL] rating to a Hold from a a Buy in a research note published on Friday, November 02, 2022; the price target was decreased to $135 from $165. PT values the company’s stock at a premium of 0.19 to its Friday closing price. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “a Buy”. Northcoast also remained covering ECL and has increased its forecast on September 06, 2022 with a “Buy” recommendation from previously “Neutral” rating. Northcoast started covering the stock on July 15, 2022. It rated ECL as “a Neutral”.

Price Performance Review of ECL

On Friday, Ecolab Inc. [NYSE:ECL] saw its stock jump 2.59% to $134.75. On the same session, the stock had its day’s lowest price of $131.36, but rose to a high of $134.99. Over the last five days, the stock has lost -14.59%. Ecolab Inc. shares have fallen nearly -42.56% since the year began. Nevertheless, the stocks have fallen -40.93% over the past one year. While a 52-week high of $238.93 was reached on 01/05/22, a 52-week low of $131.04 was recorded on 11/03/22. SMA at 50 days reached $152.63, while 200 days put it at $165.22. A total of 2.67 million shares were traded, compared to the trading of 3.1 million shares in the previous session.

Levels Of Support And Resistance For ECL Stock

The 24-hour chart illustrates a support level at 132.41, which if violated will result in even more drops to 130.07. On the upside, there is a resistance level at 136.04. A further resistance level may holdings at 137.33. The Relative Strength Index (RSI) on the 14-day chart is 37.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.77%. Stochastics %K at 4.94% 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 Jul 14, 2022, growing by 0.7 million shares to a total of 2.71 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.01 million shares. There was a rise of 25.83%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.09% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.11.

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

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 20,918,797 shares, or roughly 7.34% of the outstanding ECL shares. In other words, the investor’s shares have risen by 129,452 from its previous 13-F filing of 20789345.0. Additionally, BlackRock Fund Advisors increased 0.71% of its stake after which the total value it holdings stand at $1,727,536,443, while SSgA Funds Management, Inc. added 1.29% of its stake to hold $1.67 billion in the firm. Over the last quarter, Wellington Management Co. LLP purchased 2,102,894 shares of Ecolab Inc., while Aristotle Capital Management LLC bought -50,134 shares. At present, Bill & Melinda Gates Foundation T is holding 4,845,016 shares valued at $699.72 million. Geode Capital Management LLC owned 4,371,367 shares of the company at the time of its most recent 13F filing, worth $631.31 million.

The most recent change occurred on July 13, 2022 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $187 price target.

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