Robeco Institutional Asset Management B.V. Buys 72,504 Shares of Colgate-Palmolive Company $CL

Robeco Institutional Asset Management B.V. grew its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,283,059 shares of the company’s stock after purchasing an additional 72,504 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.28% of Colgate-Palmolive worth $182,508,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CL. Westside Investment Management Inc. boosted its position in shares of Colgate-Palmolive by 85.5% during the second quarter. Westside Investment Management Inc. now owns 282 shares of the company’s stock valued at $26,000 after purchasing an additional 130 shares in the last quarter. Vermillion & White Wealth Management Group LLC grew its holdings in Colgate-Palmolive by 86.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 335 shares of the company’s stock worth $30,000 after purchasing an additional 155 shares during the period. Ransom Advisory Ltd purchased a new position in shares of Colgate-Palmolive during the first quarter valued at approximately $33,000. MTM Investment Management LLC bought a new position in Colgate-Palmolive during the 2nd quarter valued at approximately $39,000. Finally, Atticus Wealth Management LLC boosted its holdings in Colgate-Palmolive by 156.8% in the second quarter. Atticus Wealth Management LLC now owns 488 shares of the company’s stock worth $44,000 after acquiring an additional 298 shares in the last quarter. 80.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on CL. The Goldman Sachs Group dropped their target price on shares of Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 2nd. Citigroup dropped their price target on shares of Colgate-Palmolive from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Evercore ISI cut 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 report on Monday, November 3rd. Morgan Stanley lowered their target price on Colgate-Palmolive from $96.00 to $87.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Finally, Jefferies Financial Group set a $85.00 price objective on shares of Colgate-Palmolive in a report on Tuesday, December 16th. Ten investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $88.81.

Colgate-Palmolive Stock Down 1.0%

Shares of CL opened at $76.92 on Tuesday. Colgate-Palmolive Company has a 12-month low of $74.54 and a 12-month high of $100.18. The company has a current ratio of 0.93, a quick ratio of 0.60 and a debt-to-equity ratio of 5.90. The company has a market capitalization of $62.00 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 5.26 and a beta of 0.30. The business’s 50 day moving average is $78.51 and its 200 day moving average is $82.16.

Colgate-Palmolive (NYSE:CL) last released its earnings results on Friday, October 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.89 by $0.02. The firm had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.17 billion. Colgate-Palmolive had a net margin of 14.47% and a return on equity of 333.39%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Research analysts expect that Colgate-Palmolive Company will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Wednesday, January 21st will be issued a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. Colgate-Palmolive’s dividend payout ratio (DPR) is 58.26%.

Colgate-Palmolive Company Profile

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.