Ecolab Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:ECJ Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
22 Nov 24	Sell€64,641,504	Cascade Investment, L.L.C.	Company	276,542	€237.47
19 Nov 24	Sell€37,857,101	Cascade Investment, L.L.C.	Company	163,458	€232.68
15 Nov 24	Sell€46,758,045	Cascade Investment, L.L.C.	Company	200,000	€236.67
13 Nov 24	Sell€71,680,501	Cascade Investment, L.L.C.	Company	304,328	€236.36
11 Nov 24	Sell€32,761,120	Cascade Investment, L.L.C.	Company	139,570	€235.74
07 Nov 24	Sell€28,712,356	Cascade Investment, L.L.C.	Company	126,102	€229.41
04 Nov 24	Sell€179,960,689	Cascade Investment, L.L.C.	Company	796,813	€229.50
02 Aug 24	Buy€143,092	David MacLennan	Individual	650	€220.14
03 May 24	Buy€137,192	David MacLennan	Individual	650	€211.06

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of ECJ?
Owner Type	Number of Shares	Ownership Percentage
State or Government	279,533	0.0987%
Individual Insiders	281,892	0.0996%
General Public	28,438,553	10%
Institutions	254,161,839	89.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 52.63% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.3%	Cascade Investment, L.L.C.	29,178,741	€6.7b	-6.44%	13.45%
8.49%	The Vanguard Group, Inc.	24,044,455	€5.5b	0.36%	0.08%
7.88%	BlackRock, Inc.	22,308,089	€5.1b	2.58%	0.08%
3.98%	State Street Global Advisors, Inc.	11,278,277	€2.6b	-1.65%	0.1%
1.84%	Bill & Melinda Gates Foundation Trust	5,218,044	€1.2b	0%	3.11%
1.83%	Geode Capital Management, LLC	5,181,802	€1.2b	1.33%	0.09%
1.82%	Wellington Management Group LLP	5,150,463	€1.2b	-5.59%	0.19%
1.7%	UBS Asset Management AG	4,801,656	€1.1b	2.19%	0.11%
1.61%	Aristotle Capital Management, LLC	4,562,777	€1.0b	-1.14%	2.06%
1.3%	Pictet Asset Management Limited	3,691,339	€843.0m	-0.36%	0.76%
1.21%	Eaton Vance Management	3,437,427	€785.0m	-0.27%	0.19%
0.96%	Franklin Resources, Inc.	2,711,375	€619.2m	0.82%	0.22%
0.92%	Northern Trust Global Investments	2,614,114	€597.0m	-0.83%	0.09%
0.89%	Royal Bank of Canada, Banking & Securities Investments	2,524,289	€576.5m	4.79%	0.3%
0.89%	Legal & General Investment Management Limited	2,523,481	€576.3m	-1.36%	0.11%
0.88%	Amundi Asset Management SAS	2,495,738	€570.0m	5.19%	0.12%
0.75%	Brown Advisory Incorporated	2,121,857	€484.6m	0.79%	0.59%
0.74%	Goldman Sachs Asset Management, L.P.	2,093,506	€478.1m	26.9%	0.13%
0.73%	Norges Bank Investment Management	2,073,232	€473.5m	0%	0.04%
0.73%	Invesco Capital Management LLC	2,063,062	€471.2m	3.63%	0.19%
0.7%	Mirova US LLC	1,987,696	€453.9m	0.62%	4.39%
0.65%	FMR LLC	1,840,036	€420.2m	-5.65%	0.03%
0.65%	Capital Research and Management Company	1,831,644	€418.3m	-29.3%	0.02%
0.58%	Alecta Pensionsförsäkring, ömsesidigt	1,656,200	€378.2m	0%	0.8%
0.58%	BNY Asset Management	1,646,764	€376.1m	-24.6%	0.08%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 04:11
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Ecolab Inc. is covered by 47 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
John Eade	Argus Research Company
Colin Isaac	Atlantic Equities LLP
Andrew Wittmann	Baird