Ecolab Inc. (ECL) Files Form 4 Insider Selling : Timothy P Mulhere Sells 4,379 Shares

Ecolab Inc. (ECL): Timothy P Mulhere , EVP & Regions President of Ecolab Inc. sold 4,379 shares on May 13, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $116.54 per share for a total value of $510,311.16 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 12, 2016, Bryan L Hughes (Sr. VP & Corporate Controller) sold 6,000 shares at $117.03 per share price.On May 6, 2016, Larry L Berger (Executive VP & CTO) sold 11,590 shares at $116.33 per share price.Also, On May 6, 2016, Jerry A Grundhofer (director) sold 15,000 shares at $116.55 per share price.On Mar 14, 2016, William H Iii Gates (10% owner) purchased 499,999 shares at $105.01 per share price.

Ecolab: On Tuesday, May 10, 2016 heightened volatility was witnessed in Ecolab which led to swings in the share price. The shares opened for trading at $116.05 and hit $117.17 on the upside , eventually ending the session at $117.11, with a gain of 1.42% or 1.64 points. The heightened volatility saw the trading volume jump to 8,62,183 shares. The 52-week high of the share price is $122.48 and the company has a market cap of $34,349 M . The 52-week low of the share price is at $98.62.

Ecolab Money Flow Index Chart

Company has been under the radar of several Street Analysts.Ecolab is Initiated by Nomura to Reduce. The Rating was issued on Apr 20, 2016.Ecolab is Resumed by Credit Suisse to Neutral and the brokerage firm has raised the Price Target to $ 109 from a previous price target of $107 .The Rating was issued on Mar 24, 2016.Ecolab is Initiated by Sterne Agee CRT to Buy. The Rating was issued on Mar 22, 2016.Ecolab is Downgraded by Goldman to Sell. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 14, 2016.Ecolab is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 118 from a previous price target of $124 . The Rating was issued on Feb 24, 2016.

Ecolab Inc. provides water hygiene and energy technologies and services. The Company operating segments include Global Industrial Global Institutional Global Energy and Other. The Company’s Global Industrial segment consists of the Water Food and Beverage Paper and Textile Care operating units. Global Institutional segment consists of the Institutional Specialty and Healthcare operating units. The Global Energy segment provides on-site technology-driven solutions to the global drilling oil and gas production refining and petrochemical industries. Other segment consists of the pest elimination and equipment care operating units. 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.

Leave a Reply

Ecolab - Is it time to Sell?

Top Brokerage Firms are advising their investors on Ecolab. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.