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In a recent transaction, Tracy B. McKibben, a director at Ecolab Inc . (NYSE:ECL), sold 1,704 shares of the company’s common stock, generating a total of $451,035. The shares were sold at a weighted average price of $264.692, with individual trades executed at prices ranging from $264.64 to $264.80. The transaction comes as Ecolab trades near its 52-week high of $268.00, with InvestingPro data indicating the stock is currently in overbought territory.
On the same day, McKibben also acquired 2,600 shares through the exercise of stock options at $112.745 per share, amounting to a total transaction value of $293,137. Following these transactions, McKibben now holds 9,734.46 shares in the company, representing a stake in this $75.2 billion market cap company. According to InvestingPro analysis, Ecolab currently trades at a P/E ratio of 35.7x, suggesting a premium valuation relative to peers.
These transactions were reported in a Form 4 filing with the Securities and Exchange Commission. For deeper insights into Ecolab’s valuation and 13 additional exclusive ProTips, including dividend history and financial health metrics, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Ecolab Inc. has seen a series of price target upgrades from multiple firms. BMO Capital raised its target to $295, citing the company’s ability to deliver double-digit earnings per share growth despite economic challenges. Stifel increased its price target to $307 from $285, noting Ecolab’s progress towards surpassing an 18% operating profit margin by 2025. Citi analysts also boosted their target to $305, highlighting Ecolab’s growth prospects in areas such as digital innovations and Life Sciences. JPMorgan elevated its target to $260 based on the company’s earnings per share outlook. Lastly, Mizuho (NYSE:MFG) Securities lifted its target to $302, following Ecolab’s 2025 earnings guidance that projects an earnings per share range of $7.42 to $7.62. These are recent developments that underline the financial industry’s confidence in Ecolab’s future performance.
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