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EdgarHawk

GATES WILLIAM H III

10% Owner

10% Owner
7 filings analyzed · 1 company · Latest 2024-11-22

Companies

Company Buys Sells Direction
ECOLAB INC. ECL 0 52 Net selling

Activity

November 2024
2024-11-22 ECOLAB INC. ECL
high
Sell
276,542 shares
$67,194,910
Significance 7/10

10% owner William H Gates III sold 276,542 shares for $67.2M across Nov 20–22, reducing stake to 29.18M shares.

William H Gates III, a 10% owner of Ecolab Inc., conducted 9 separate sales totaling 276,542 shares for $67,194,910.13 across three trading days (November 20–22, 2024) at prices ranging from $240.66 to $246.85, with a blended average price of $242.98. This reduced his holdings from 29,455,283 shares to 29,178,741 shares, representing a -0.9% reduction in his stake. The current stock price of $245.30 is -6.2% from the 52-week high and down -5.2% over the past 30 days, suggesting the sales occurred near recent price strength. His cross-ticker track record shows 20 prior open-market sells, though none of his prior 5 trades at Ecolab have yet reached the 90-day measurement window. The sale of a material stake ($67.2M) by a principal shareholder warrants scrutiny regarding his forward outlook on the company, particularly given Ecolab's elevated P/E of 33.98 relative to recent price momentum.

2024-11-20 ECOLAB INC. ECL
medium
Sell
163,458 shares
$40,085,876
Significance 7/10

William Gates III sells 163,458 shares of Ecolab for $40.1M across 5 transactions on Nov 18-19, holding 29.46M shares post-sale

William H Gates III, a 10% owner, executed 5 separate sales totaling 163,458 shares for $40,085,875.64 on November 18–19, 2024 at a blended average price of $245.24. The sale reduced his holdings from 29,618,741 to 29,455,283 shares, representing a -0.6% decrease in his position. The current stock price of $241.77 is -7.5% from the 52-week high of $261.46, and down -6.7% over the past 30 days, suggesting the stock has declined since the transaction window. His cross-ticker track record shows 20 prior sells, though timing outcomes at this specific ticker remain unmeasurable given the recency of the filings.

2024-11-18 ECOLAB INC. ECL
high
Sell
200,000 shares
$49,328,036
Significance 6/10

10% owner William H Gates III sells 200,000 ECL shares for $49.3M across 5 transactions at $246.64 blended average.

William H Gates III, a 10% owner of Ecolab, executed 5 separate sales totaling 200,000 shares for $49,328,035.95 on November 14-15, 2024, at prices ranging from $245.04 to $249.68. The sale represents a 0.7% reduction in his holdings, leaving 29,618,741 shares post-transaction. At current price of $245.97, the blended transaction average of $246.64 sits near market levels, with the stock down 5.9% from its 52-week high of $261.46. Ecolab trades at a P/E of 34.07 with $4.0B quarterly revenue and +8.0% annual growth, suggesting the company remains fundamentally valued at a premium multiple. The transaction itself—a material but proportional reduction by a major holder—occurs in a stock that has declined 5.9% over 30 days, though it remains up 1.4% over 90 days.

2024-11-14 ECOLAB INC. ECL
high
Sell
304,328 shares
$75,804,252
Significance 7/10

Bill Gates sells 304,328 shares at ECL for $75.8M across 6 transactions Nov 12–13

William H III Gates, a 10% owner of Ecolab Inc., executed 6 separate sales totaling 304,328 shares for $75,804,251.96 across November 12–13, with a blended average price of $249.09. The sale reduced his holdings from 30,123,069 to 29,818,741 shares, representing a 1.0% reduction in his stake. Gates' cross-ticker track record shows 20 prior sells, though timing outcomes for those trades are not measurable for this filing. At the transaction dates (Nov 12–13), the stock was trading near its 52-week high of $261.46, currently sitting at $247.61 (-5.3% from peak); the stock has declined 4.1% over the prior 30 days. Given Gates' substantial remaining position (29.82M shares) and the magnitude of the liquidation ($75.8M), this sale warrants investor attention regarding any private circumstances or strategic portfolio shifts at the company.

2024-11-12 ECOLAB INC. ECL
medium
Sell
139,570 shares
$34,893,088
Significance 6/10

Bill Gates (10% owner) sold 139,570 shares at avg $250.00 for $34.9M at Ecolab (ECL) in Nov 2024

William H Gates III, holding 30.12M shares (10% owner) at Ecolab, executed 7 separate sales totaling 139,570 shares for $34,893,087.77 across November 8–11, 2024, at prices ranging from $246.23 to $251.08 and a blended average of $250.00. This represents a -0.5% reduction of his pre-transaction holdings. The sales occurred near the 52-week high of $261.46 (current price $248.31 is -5.0% from that peak), and the 30-day and 90-day price movements from transaction dates remain not yet measurable. Gates' cross-ticker track record shows 20 prior sells, but no timing outcome data exists for his 5 prior ECL trades. With Ecolab reporting $4.0B quarterly revenue, +8.0% annual growth, and a P/E of 34.39, the stock trades at a premium multiple; Gates' sale size and deliberate multi-tranche execution across two trading days warrant monitoring for any broader portfolio or company-specific signaling.

2024-11-08 ECOLAB INC. ECL
high
Sell
126,102 shares
$30,970,074
Significance 6/10

Gates sells 126,102 shares at avg $245.60 for $31.0M at ECL; holds 30.26M shares post-sale

William H Gates III, a 10% owner of Ecolab Inc., executed 7 separate sales totaling 126,102 shares for $30,970,074.08 across November 6–7, 2024, at prices ranging from $244.88 to $247.45, with a blended average of $245.60. Post-transaction holdings stand at 30,262,639 shares (down 0.4% from the pre-transaction position of 30,388,741 shares). The current stock price of $250.04 sits 4.4% below the 52-week high of $261.46 and has declined 2.2% over 30 days, though it remains up 5.1% over 90 days. Ecolab's fundamentals show solid growth—annual revenue of $4.0B with 8.0% year-over-year growth and net income of $736.5M, though the P/E multiple of 34.63 remains elevated. The sale represents a modest reduction of a substantial insider position and occurred at prices slightly below current market levels, factually observable without attribution to insider motive or conviction.

2024-11-04 ECOLAB INC. ECL
high
Sell
796,813 shares
$195,928,894
Significance 7/10

William H Gates III (10% owner) sold 796,813 shares for $195.9M across 13 transactions Oct 31–Nov 4

William H Gates III, holding 30.39M shares post-sale (representing material 10% ownership), executed 13 separate sales totaling 796,813 shares for $195,928,893.74 at a blended average price of $245.89 over a four-day window. The stock is trading at $244.50 current price against a 52-week high of $261.46, placing it -6.5% from peak and -2.6% over the prior 30 days, while the company shows solid fundamentals with $4.0B quarterly revenue, $736.5M net income, and 8.0% annual revenue growth. Gates' disposition of 2.6% of his pre-transaction holdings, while retaining over 30M shares, occurs within the context of a mature, profitable business rather than amid deteriorating conditions; the multi-tranche execution across consecutive trading sessions suggests a deliberate liquidation schedule rather than a single opportunistic event.

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