Today it was reported that the EVP & Pres-Global Nalco Water of Ecolab Inc (NYSE: ECL), Christophe Beck, exercised options to sell 25,500 ECL shares at $47.81 a share, for a total transaction value of $3.77M.
Following Christophe Beck’s last ECL Sell transaction on September 10, 2015, the stock climbed by 41.3%. In addition to Christophe Beck, 4 other ECL executives reported Sell trades in the last month.
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Based on Ecolab Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $3.69 billion and quarterly net profit of $351 million. In comparison, last year the company earned revenue of $3.46 billion and had a net profit of $297 million. ECL’s market cap is $42.71B and the company has a P/E ratio of 27.84. Currently, Ecolab Inc has an average volume of 838.3K.
Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $160.86, reflecting a -8.7% downside. Three different firms, including Goldman Sachs and J.P. Morgan, currently also have a Sell rating on the stock.
In the last 30 days, insiders have sold $8.27M worth of ECL shares and purchased $73.2K worth of ECL shares. The insider sentiment on Ecolab Inc has been negative according to 130 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
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Ecolab, Inc. engages in the provision of products and services in the field of water, hygiene, and energy. It operates through the following segments: Global Industrial, Global Institutional, Global Energy, and Other.
