Monday, 2 October 2023

Business News

Robert W. Baird Reaffirms Their Hold Rating on Ecolab (ECL) – TipRanks Financial Blog

Pinnacle West upgraded to Neutral from Sell at Guggenheim

In a report released on September 14, Andrew Wittmann from Robert W. Baird maintained a Hold rating on Ecolab (ECLResearch Report), with a price target of $200.00. The company’s shares closed yesterday at $175.78.

According to TipRanks, Wittmann is a 5-star analyst with an average return of 15.2% and a 68.37% success rate. Wittmann covers the Industrials sector, focusing on stocks such as ARAMARK Holdings, WillScot Mobile Mini Holdings, and APi Group.

In addition to Robert W. Baird, Ecolab also received a Hold from Citi’s Patrick Cunningham, CFA in a report issued on September 15. However, on the same day, RBC Capital maintained a Buy rating on Ecolab (NYSE: ECL).

See Insiders’ Hot Stocks on TipRanks >>

The company has a one-year high of $191.41 and a one-year low of $129.73. Currently, Ecolab has an average volume of 1.05M.

Based on the recent corporate insider activity of 99 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ECL in relation to earlier this year. Most recently, in June 2023, Larry Berger, the EVP & CHIEF TECHNICAL OFFICER of ECL sold 21,708.00 shares for a total of $3,943,692.36.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Headquartered in Minnesota and founded in 1923, Ecolab, Inc. provides products and services that specialize in water treatment, purification, cleaning and hygiene. It operates through the following business segments: Global Industrial, Global Institutional and Global Energy.

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