Flputnam Investment Management Co. Grows Stake in Colgate-Palmolive (NYSE:CL)

Flputnam Investment Management Co. grew its position in Colgate-Palmolive (NYSE:CL) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 168,367 shares of the company’s stock after buying an additional 3,047 shares during the quarter. Flputnam Investment Management Co.’s holdings in Colgate-Palmolive were worth $15,306,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Centricity Wealth Management LLC bought a new stake in shares of Colgate-Palmolive in the fourth quarter valued at about $27,000. Union Bancaire Privee UBP SA purchased a new position in Colgate-Palmolive during the 4th quarter valued at about $32,000. Bernard Wealth Management Corp. bought a new stake in shares of Colgate-Palmolive in the 4th quarter valued at about $36,000. Reston Wealth Management LLC purchased a new stake in shares of Colgate-Palmolive in the 3rd quarter worth approximately $42,000. Finally, Roxbury Financial LLC bought a new position in shares of Colgate-Palmolive during the fourth quarter valued at approximately $43,000. 80.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CL. Barclays cut their price target on Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Stifel Nicolaus dropped their price objective on Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. UBS Group reduced their target price on shares of Colgate-Palmolive from $104.00 to $100.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Piper Sandler lowered their price target on shares of Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, StockNews.com downgraded shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. One 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.com, Colgate-Palmolive presently has a consensus rating of “Hold” and a consensus price target of $101.16.

Colgate-Palmolive Stock Up 1.2 %

NYSE:CL opened at $91.27 on Friday. The company has a debt-to-equity ratio of 13.40, a current ratio of 0.92 and a quick ratio of 0.58. The company’s fifty day moving average price is $88.74 and its 200-day moving average price is $95.51. Colgate-Palmolive has a 1-year low of $85.32 and a 1-year high of $109.30. The firm has a market capitalization of $74.07 billion, a P/E ratio of 25.93, a PEG ratio of 4.20 and a beta of 0.44.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings results on Friday, January 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.01. Colgate-Palmolive had a return on equity of 477.77% and a net margin of 14.38%. During the same quarter in the prior year, the company posted $0.87 EPS. As a group, equities research analysts anticipate that Colgate-Palmolive will post 3.75 EPS for the current year.

Colgate-Palmolive Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Tuesday, January 21st. Colgate-Palmolive’s payout ratio is presently 56.82%.

Colgate-Palmolive Company 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.