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
13 Feb 25	Buy€101,309	David MacLennan	Individual	400	€253.27
13 Feb 25	Sell€1,446,373	Machiel Duijser	Individual	5,721	€252.82
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: ECJ insiders have sold more shares than they have bought in the past 3 months.

Ownership Breakdown

What is the ownership structure of ECJ?
Owner Type	Number of Shares	Ownership Percentage
State or Government	278,560	0.0984%
Individual Insiders	319,205	0.113%
General Public	25,170,329	8.89%
Institutions	257,228,964	90.9%

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

Top Shareholders

Top 25 shareholders own 53.4% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.3%	Cascade Investment, L.L.C.	29,178,741	€6.9b	-6.44%	13.08%
8.53%	The Vanguard Group, Inc.	24,149,744	€5.7b	0.44%	0.1%
8.23%	BlackRock, Inc.	23,295,612	€5.5b	4.43%	0.1%
4.17%	State Street Global Advisors, Inc.	11,815,035	€2.8b	4.76%	0.12%
1.86%	Geode Capital Management, LLC	5,273,277	€1.2b	1.77%	0.1%
1.84%	Bill & Melinda Gates Foundation Trust	5,218,044	€1.2b	0%	3.19%
1.76%	Wellington Management Group LLP	4,968,703	€1.2b	-3.53%	0.22%
1.61%	Aristotle Capital Management, LLC	4,551,362	€1.1b	-0.25%	2.27%
1.61%	UBS Asset Management AG	4,547,610	€1.1b	-5.29%	0.11%
1.41%	Pictet Asset Management Limited	3,995,817	€939.5m	8.25%	0.75%
1.2%	Eaton Vance Management	3,383,882	€795.6m	-1.56%	0.21%
1.11%	Northern Trust Global Investments	3,129,058	€735.7m	19.7%	0.12%
0.95%	Royal Bank of Canada, Banking & Securities Investments	2,688,970	€632.2m	6.52%	0.35%
0.93%	Franklin Resources, Inc.	2,623,310	€616.8m	-3.25%	0.25%
0.92%	Amundi Asset Management SAS	2,607,995	€613.2m	4.5%	0.13%
0.8%	Invesco Capital Management LLC	2,258,440	€531.0m	9.47%	0.22%
0.79%	Norges Bank Investment Management	2,225,156	€523.2m	7.33%	0.05%
0.78%	Legal & General Investment Management Limited	2,202,305	€517.8m	6.37%	0.13%
0.77%	Capital Research and Management Company	2,166,066	€509.3m	18.3%	0.03%
0.73%	Goldman Sachs Asset Management, L.P.	2,053,680	€482.9m	-1.9%	0.15%
0.68%	Mirova US LLC	1,916,391	€450.6m	-3.59%	4.76%
0.63%	Brown Advisory Incorporated	1,783,452	€419.3m	-16%	0.63%
0.61%	FMR LLC	1,735,985	€408.2m	-5.65%	0.03%
0.6%	Union Asset Management Holding AG	1,691,556	€397.7m	6.86%	0.33%
0.59%	Morgan Stanley, Investment Banking and Brokerage Investments	1,668,355	€392.3m	9.57%	0.05%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/03/13 21:05
End of Day Share Price	2025/03/13 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

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.

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 Github.

Analyst Sources

Ecolab Inc. is covered by 42 analysts. 21 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