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 »

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, 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

Tag Heuer sings Marketing Deal with German Bundesliga
Tag Heuer sings Marketing Deal with German Bundesliga
Swiss Luxury watch brand Tag Heuer and the German Bundesliga signed a marketing deal.One of the world's most powerful football leagues was given an enormous boost by Germany's victory in the World Cup. Bundesliga...
18 Amazon Dash Buttons Released
18 Amazon Dash Buttons Released
The unique Amazon Dash Buttons are on sale now for Prime Members.
Yahoo Releases Livetext Video Texting App
Yahoo Releases Livetext Video Texting App
The app shares videos, pictures and texts with friends without sound and can rival Whatsapp and Snapchat.
United Airlines Also Hacked by OPM Hackers
United Airlines Also Hacked by OPM Hackers
The hackers previously breached the U.S. Office of Personnel Management and collected massive data.