Ecolab Pick of the Week at Smart Insider Following Director Share Purchase

MT Newswires Live

Sep 22

Ecolab (ECL) was Smart Insider's stock pick of the week after Director Eric Green bought $1 million in shares at $276.64 apiece on Sept. 11.

Green, who joined the board in December 2022, doubled his holdings through his first acquisition at the company after recently stepping down as chair and chief executive of West Pharmaceutical, Smart Insider said in a Tuesday note.

Ecolab was previously assigned a +N rating in June following share purchases by Lead Independent Director David MacLennan, Director Michel Doukeris, and Executive Vice President Benjamin Clark, according to the firm.

The insider activity is significant given that the transactions occurred while the stock was trading near multi-year highs rather than under market pressure, it added.

Smart Insider upgraded Ecolab from +N to +1, indicating a strong positive signal.

Price: 272.31, Change: +2.35, Percent Change: +0.87

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