Intech Investment Management LLC Raises Stock Holdings in Colgate-Palmolive (NYSE:CL)

Intech Investment Management LLC raised its holdings in Colgate-Palmolive (NYSE:CL) by 48.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 132,417 shares of the company’s stock after buying an additional 43,481 shares during the period. Intech Investment Management LLC’s holdings in Colgate-Palmolive were worth $13,746,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cornerstone Advisors LLC grew its holdings in shares of Colgate-Palmolive by 8.8% in the third quarter. Cornerstone Advisors LLC now owns 40,931 shares of the company’s stock worth $4,249,000 after purchasing an additional 3,300 shares during the last quarter. Moran Wealth Management LLC increased its position in shares of Colgate-Palmolive by 53.1% during the third quarter. Moran Wealth Management LLC now owns 7,738 shares of the company’s stock worth $803,000 after acquiring an additional 2,684 shares during the period. EagleClaw Capital Managment LLC increased its position in shares of Colgate-Palmolive by 0.9% during the third quarter. EagleClaw Capital Managment LLC now owns 32,879 shares of the company’s stock worth $3,413,000 after acquiring an additional 300 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Colgate-Palmolive by 13.7% during the third quarter. First Horizon Advisors Inc. now owns 17,132 shares of the company’s stock valued at $1,779,000 after acquiring an additional 2,064 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Colgate-Palmolive by 35.0% in the third quarter. Advisors Asset Management Inc. now owns 64,264 shares of the company’s stock valued at $6,671,000 after purchasing an additional 16,661 shares during the period. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Analyst Ratings Changes

CL has been the subject of a number of research analyst reports. Piper Sandler assumed coverage on Colgate-Palmolive in a research report on Tuesday, September 24th. They set an “overweight” rating and a $121.00 target price for the company. Stifel Nicolaus downgraded Colgate-Palmolive from a “buy” rating to a “hold” rating and decreased their price objective for the company from $105.00 to $101.00 in a report on Monday, October 28th. Barclays increased their target price on shares of Colgate-Palmolive from $91.00 to $96.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. JPMorgan Chase & Co. boosted their price target on shares of Colgate-Palmolive from $113.00 to $114.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Finally, Morgan Stanley increased their price objective on shares of Colgate-Palmolive from $103.00 to $111.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $105.11.

Insider Buying and Selling

In related news, CFO Stanley J. Sutula III sold 45,410 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $94.11, for a total transaction of $4,273,535.10. Following the completion of the transaction, the chief financial officer now directly owns 36,726 shares in the company, valued at $3,456,283.86. The trade was a 55.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.34% of the stock is currently owned by company insiders.

Colgate-Palmolive Stock Up 0.5 %

NYSE:CL opened at $94.37 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 9.46. Colgate-Palmolive has a twelve month low of $75.50 and a twelve month high of $109.30. The company has a market cap of $77.10 billion, a PE ratio of 27.04, a P/E/G ratio of 3.34 and a beta of 0.42. The company’s 50 day moving average is $98.32 and its two-hundred day moving average is $98.50.

Colgate-Palmolive Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, October 18th. Colgate-Palmolive’s payout ratio is 57.31%.

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.