Get An Even Better Deal On ECL Than Director Grundhofer Did

May 8 2014, 3:31pm CDT | by

There’s an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 1, Ecolab, Inc.’s Director, Jerry A. Grundhofer, invested $490,517.38 into 4,700 shares of ECL, for a cost per share of $104.37. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

Click here to find out which 9 other dividend bargains you can buy cheaper than insiders, at DividendChannel.com »

In trading on Thursday, bargain hunters could buy shares of Ecolab, Inc. (NYSE: ECL) and achieve a cost basis even cheaper than Grundhofer, with shares changing hands as low as $104.00 per share. Ecolab, Inc. shares are currently trading down about 0.6% on the day. The chart below shows the one year performance of ECL shares, versus its 200 day moving average:

Looking at the chart above, ECL’s low point in its 52 week range is $82.58 per share, with $111.83 as the 52 week high point — that compares with a last trade of $104.51. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
05/01/2014 Jerry A. Grundhofer Director 4,700 $104.37 $490,517.38

According to the ETF Finder at ETFChannel.com, ECL makes up 4.58% of the Materials Select Sector SPDR Fund ETF (AMEX: XLB) which is trading lower by about 0.3% on the day Thursday.


Special Offer: Find out how Dave Moenning is trading around the most recent insider transactions with a free 30 day trial and a special 20% off coupon from Forbes.
/>/>
 
 
 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Facebook M is a Hybrid Personal Digital Assistant inside Messenger
Facebook M is a Hybrid Personal Digital Assistant inside Messenger
M relies on artificial intelligence and human assistance.
 
 
iPhone Users get 30 Day Free Samsung Galaxy Trial
iPhone Users get 30 Day Free Samsung Galaxy Trial
Samsung tries everything to get new customers. Now iPhone user can test a new Galaxy smartphone 30 days for free.
 
 
Microsoft released 3rd Windows 10 Updates with KB 3081438
Microsoft released 3rd Windows 10 Updates with KB 3081438
Microsoft's release schedule for Windows 10 updates is fast paced. The company released three updates within 2 weeks.
 
 
New Skinny Jeans for Women Charges and Hides iPhone
New Skinny Jeans for Women Charges and Hides iPhone
Joe's Jeans offers a Jeans for female mobile warriors. Meet the Joe's Jeans #Hello.