The Executive VP & CTO of Ecolab Inc (NYSE: ECL) is Selling Shares

By Carrie Williams

Today, the Executive VP & CTO of Ecolab Inc (NYSE: ECL), Larry Berger, sold shares of ECL for $713.9K.

Following Larry Berger’s last ECL Sell transaction on May 06, 2016, the stock climbed by 22.4%. In addition to Larry Berger, 2 other ECL executives reported Sell trades in the last month.

Based on Ecolab Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $3.56 billion and quarterly net profit of $392 million. In comparison, last year the company earned revenue of $3.39 billion and had a net profit of $374 million. The company has a one-year high of $137.96 and a one-year low of $116.64. ECL’s market cap is $39.7B and the company has a P/E ratio of 30.88.

Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $137.38, reflecting a -0.4% downside.

In the last 30 days, insiders have sold $713.9K worth of ECL shares and purchased $811.1K worth of ECL shares. The insider sentiment on Ecolab Inc has been positive according to 144 insider trades in the past three months. This sentiment is slightly higher 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. The firm serves the foodservice, food processing, hospitality, healthcare, and industrial industries. It operates through the following segments: Global Industrial, Global Institutional, Global Energy, Other, and Corporate.