Ecolab Inc. [ECL] Investment Guide: What You Need to Know


In a filing, Ecolab Inc. revealed its Director MacLennan David acquired Company’s shares for reported $0.12 million on Aug 07. In the deal valued at $183.73 per share,650 shares were bought. As a result of this transaction, MacLennan David now holds 15,071 shares worth roughly $ 2.75 million.

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Then, Berger Larry L sold 21,708 shares, generating $3,943,736 in total proceeds. Upon selling the shares at $181.67, the EVP & CHIEF TECHNICAL OFFICER now owns 12,442 shares.

Before that, MacLennan David bought 700 shares. Ecolab Inc. shares valued at $126,158 were divested by the Director at a price of $180.22 per share. As a result of the transaction, MacLennan David now holds 14,236 shares, worth roughly $2.6 million.

Berenberg initiated its Ecolab Inc. [ECL] rating to a Hold in a research note published on Friday, September 01, 2023; the price target was $180. PT values the company’s stock at a premium of -1.5 to its Friday closing price.

Price Performance Review of ECL

On Friday, Ecolab Inc. [NYSE:ECL] saw its stock fall -0.60% to $182.70. On the same session, the stock had its day’s lowest price of $182.251, but rose to a high of $184.77. Over the last five days, the stock has gained 1.23%. Ecolab Inc. shares have risen nearly 25.52% since the year began. Nevertheless, the stocks have risen 11.52% over the past one year. While a 52-week high of $191.41 was reached on 07/26/23, a 52-week low of $131.04 was recorded on 02/10/23. SMA at 50 days reached $183.96, while 200 days put it at $165.83. A total of 0.61 million shares were traded, compared to the trading of 1.04 million shares in the previous session.

Levels Of Support And Resistance For ECL Stock

The 24-hour chart illustrates a support level at 181.71, which if violated will result in even more drops to 180.72. On the upside, there is a resistance level at 184.23. A further resistance level may holdings at 185.76. The Relative Strength Index (RSI) on the 14-day chart is 50.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.18%. Stochastics %K at 76.80% indicates the stock is a holding.

How much short interest is there in Ecolab Inc.?

A steep rise in short interest was recorded in Ecolab Inc. stocks on Aug 14, 2023, dropping by -0.29 million shares to a total of 1.91 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.2 million shares. There was a decline of -15.18%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.77% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.74.

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

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 21,491,907 shares, or roughly 7.55% of the outstanding ECL shares. In other words, the investor’s shares have risen by 119,672 from its previous 13-F filing of 21372235.0. Additionally, BlackRock Fund Advisors decreased -1.10% of its stake after which the total value it holdings stand at $2,183,682,060, while SSgA Funds Management, Inc. added 0.02% of its stake to hold $2.06 billion in the firm. Over the last quarter, Wellington Management Co. LLP sold -381,411 shares of Ecolab Inc., while Bill & Melinda Gates Foundation T sold 0 shares. At present, Aristotle Capital Management LLC is holding 5,180,672 shares valued at $948.79 million. Geode Capital Management LLC owned 4,632,979 shares of the company at the time of its most recent 13F filing, worth $848.48 million.

However, 27 analysts have rated ECL stock as an Overweight in their predictions for 2023.


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