Colgate-Palmolive Company $CL Shares Purchased by Sarasin & Partners LLP

Sarasin & Partners LLP grew its position in Colgate-Palmolive Company (NYSE:CL) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,206,363 shares of the company’s stock after purchasing an additional 103,604 shares during the period. Colgate-Palmolive comprises approximately 3.3% of Sarasin & Partners LLP’s holdings, making the stock its 8th biggest holding. Sarasin & Partners LLP owned about 0.52% of Colgate-Palmolive worth $338,192,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Colgate-Palmolive by 1.2% in the second quarter. Vanguard Group Inc. now owns 82,751,689 shares of the company’s stock valued at $7,522,129,000 after buying an additional 993,432 shares in the last quarter. Norges Bank bought a new position in shares of Colgate-Palmolive in the second quarter valued at approximately $960,390,000. Invesco Ltd. boosted its holdings in shares of Colgate-Palmolive by 9.1% in the 2nd quarter. Invesco Ltd. now owns 7,489,050 shares of the company’s stock worth $680,755,000 after acquiring an additional 621,841 shares in the last quarter. Acadian Asset Management LLC grew its position in Colgate-Palmolive by 42.9% during the 2nd quarter. Acadian Asset Management LLC now owns 6,124,347 shares of the company’s stock worth $556,663,000 after acquiring an additional 1,839,853 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in Colgate-Palmolive by 242.3% during the 2nd quarter. Schroder Investment Management Group now owns 5,324,115 shares of the company’s stock valued at $483,962,000 after purchasing an additional 3,768,784 shares in the last quarter. Institutional investors and hedge funds own 80.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CL shares. Argus reissued a “hold” rating on shares of Colgate-Palmolive in a research note on Thursday, December 11th. The Goldman Sachs Group decreased their price objective on shares of Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 2nd. Evercore ISI dropped their target price on shares of Colgate-Palmolive from $100.00 to $94.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Bank of America reduced their target price on shares of Colgate-Palmolive from $98.00 to $88.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft set a $86.00 price target on shares of Colgate-Palmolive in a report on Friday, October 10th. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Colgate-Palmolive currently has an average rating of “Moderate Buy” and an average target price of $88.81.

Colgate-Palmolive Trading Up 1.0%

CL opened at $78.50 on Friday. The firm has a 50 day simple moving average of $78.32 and a 200 day simple moving average of $83.07. Colgate-Palmolive Company has a fifty-two week low of $74.54 and a fifty-two week high of $100.18. The company has a market cap of $63.28 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 5.58 and a beta of 0.30. The company has a debt-to-equity ratio of 5.90, a current ratio of 0.93 and a quick ratio of 0.60.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, October 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.89 by $0.02. The company had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.17 billion. Colgate-Palmolive had a net margin of 14.47% and a return on equity of 333.39%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS. On average, sell-side analysts anticipate that Colgate-Palmolive Company will post 3.75 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Wednesday, January 21st will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Wednesday, January 21st. Colgate-Palmolive’s payout ratio is presently 58.26%.

About Colgate-Palmolive

Colgate-Palmolive Company is a global consumer products company with a long history in household and personal care categories. The business traces its roots to the early 19th century and has evolved into a multinational manufacturer and marketer of everyday consumer goods focused on health, hygiene and home care.

The company’s core activities center on oral care, personal care, home care and pet nutrition. Its product portfolio includes toothpaste, toothbrushes and mouthwash in oral care; soaps, body washes and deodorants in personal care; dishwashing liquids, surface cleaners and other household products in home care; and scientifically formulated pet foods under its pet nutrition business.