Ecolab Inc. (ECL) Files Form 4 Insider Selling : Timothy P Mulhere Sells 3,762 Shares

Ecolab Inc. (ECL): Timothy P Mulhere , EVP & Regions President of Ecolab Inc. sold 3,762 shares on Jun 8, 2016. The Insider selling transaction was reported by the company on Jun 10, 2016 to the Securities and Exchange Commission. The shares were sold at $121.60 per share for a total value of $457,470.50 , 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 13, 2016, Timothy P Mulhere (EVP & Regions President) sold 4,379 shares at $116.54 per share price.On May 12, 2016, Bryan L Hughes (Sr. VP & Corporate Controller) sold 6,000 shares at $117.03 per share price.Also, On May 6, 2016, Larry L Berger (Executive VP & CTO) sold 11,590 shares at $116.33 per share price.On May 6, 2016, Jerry A Grundhofer (director) sold 15,000 shares at $116.55 per share price.

Shares of Ecolab (ECL) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.76 points or -0.63% at $120.79 with 8,41,089 shares getting traded. Post opening the session at $121.14, the shares hit an intraday low of $120.48 and an intraday high of $121.48 and the price vacillated in this range throughout the day. The company has a market cap of $35,428 M and the number of outstanding shares has been calculated to be 29,33,05,220 shares. The 52-week high of Ecolab is $122.48 and the 52-week low is $98.62.

Ecolab Money Flow Index Chart

On May 5, 2016, Ecolab announced a cash dividend of $0.3500. The company’s management has announced Jun 17, 2016 as the ex-dividend date and fixed the record date on Jun 21, 2016. The payable date has been fixed on Jul 15, 2016.

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 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.

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