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Jennifer J. Bradway, Senior Vice President and Corporate Controller at Ecolab Inc . (NYSE:ECL), reported a significant stock transaction in a recent filing with the Securities and Exchange Commission. On February 25, Bradway sold 856 shares of Ecolab common stock at an average price of $267.367 per share, totaling approximately $228,866. The transaction comes as Ecolab’s stock trades near its 52-week high of $269.23, with InvestingPro data indicating the stock is in overbought territory.
In addition to the sale, Bradway also exercised stock options to acquire 1,057 shares of common stock at a price of $119.12 per share. Following these transactions, Bradway holds 4,139.95 shares of Ecolab. The company, currently valued at $75.4 billion, maintains strong financial health with an "GREAT" rating according to InvestingPro analysis, which offers 12 additional key insights about ECL’s valuation and performance.
These transactions provide insight into the executive’s current holdings and trading activities within the company, which has demonstrated remarkable stability with low price volatility and consistent dividend payments for 55 consecutive years.
In other recent news, Ecolab Inc. reported its fourth-quarter 2024 earnings, meeting analysts’ expectations with an earnings per share (EPS) of $1.81 and slightly surpassing revenue forecasts with $4.01 billion. Piper Sandler raised Ecolab’s stock price target to $310 from $270, maintaining an Overweight rating, following the company’s strong earnings release and optimistic forward guidance. Ecolab also announced a regular quarterly dividend of $0.65 per share, reinforcing its commitment to shareholders and marking the 88th consecutive year of dividend payments. Additionally, Ecolab appointed Michel Doukeris, CEO of AB InBev, as an independent director to its board, aiming to leverage his experience in sustainability initiatives. These developments reflect Ecolab’s ongoing focus on sustainable growth and shareholder value. The company continues to emphasize renewable energy projects, with plans for significant investment by 2027. These updates highlight Ecolab’s strategic initiatives and financial stability amidst a challenging economic environment.
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