Conning Inc. Boosts Stake in Colgate-Palmolive (NYSE:CL)

Conning Inc. increased its position in Colgate-Palmolive (NYSE:CL) by 13.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 391,017 shares of the company’s stock after buying an additional 45,281 shares during the period. Conning Inc.’s holdings in Colgate-Palmolive were worth $35,547,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Atomi Financial Group Inc. boosted its holdings in shares of Colgate-Palmolive by 12.8% during the 3rd quarter. Atomi Financial Group Inc. now owns 6,095 shares of the company’s stock valued at $633,000 after purchasing an additional 692 shares during the last quarter. Brookstone Capital Management boosted its holdings in shares of Colgate-Palmolive by 11.7% during the 3rd quarter. Brookstone Capital Management now owns 17,366 shares of the company’s stock valued at $1,803,000 after purchasing an additional 1,814 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Colgate-Palmolive during the 3rd quarter valued at about $339,000. CWM LLC boosted its holdings in shares of Colgate-Palmolive by 28.7% during the 3rd quarter. CWM LLC now owns 35,216 shares of the company’s stock valued at $3,656,000 after purchasing an additional 7,861 shares during the last quarter. Finally, Hexagon Capital Partners LLC boosted its holdings in shares of Colgate-Palmolive by 9.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,399 shares of the company’s stock valued at $145,000 after purchasing an additional 125 shares during the last quarter. Institutional investors own 80.41% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on CL shares. Raymond James reaffirmed an “outperform” rating and issued a $105.00 price target (down previously from $110.00) on shares of Colgate-Palmolive in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on shares of Colgate-Palmolive from $103.00 to $97.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. StockNews.com downgraded shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Piper Sandler lowered their price target on shares of Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Barclays lowered their price target on shares of Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Colgate-Palmolive has a consensus rating of “Hold” and an average target price of $101.16.

Colgate-Palmolive Stock Performance

Shares of NYSE:CL opened at $86.81 on Friday. The firm has a market cap of $70.93 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 3.61 and a beta of 0.44. The firm’s 50 day simple moving average is $90.56 and its 200-day simple moving average is $96.84. Colgate-Palmolive has a one year low of $82.68 and a one year high of $109.30. The company has a debt-to-equity ratio of 9.46, a quick ratio of 0.26 and a current ratio of 0.41.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.01. Colgate-Palmolive had a net margin of 14.38% and a return on equity of 477.77%. During the same quarter last year, the business earned $0.87 EPS. As a group, equities analysts predict that Colgate-Palmolive will post 3.74 EPS for the current year.

Colgate-Palmolive Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, January 21st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Tuesday, January 21st. Colgate-Palmolive’s payout ratio is 56.82%.

Colgate-Palmolive Profile

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products in the United States and internationally. It operates through two segments: Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care segment offers toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other related items.