Colgate-Palmolive Company $CL Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. raised its position in shares of Colgate-Palmolive Company (NYSE:CL) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 182,223 shares of the company’s stock after purchasing an additional 10,512 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Colgate-Palmolive were worth $14,399,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Teacher Retirement System of Texas increased its holdings in shares of Colgate-Palmolive by 35.3% in the fourth quarter. Teacher Retirement System of Texas now owns 469,624 shares of the company’s stock valued at $37,110,000 after buying an additional 122,634 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Colgate-Palmolive by 114.2% during the 4th quarter. GAMMA Investing LLC now owns 23,329 shares of the company’s stock worth $1,843,000 after acquiring an additional 12,437 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of Colgate-Palmolive by 217.0% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 40,605 shares of the company’s stock worth $3,246,000 after acquiring an additional 27,796 shares during the last quarter. Avior Wealth Management LLC acquired a new stake in shares of Colgate-Palmolive during the fourth quarter worth $1,135,000. Finally, Flputnam Investment Management Co. raised its position in shares of Colgate-Palmolive by 7.4% during the fourth quarter. Flputnam Investment Management Co. now owns 200,972 shares of the company’s stock worth $15,881,000 after purchasing an additional 13,804 shares during the period. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on CL. Barclays upped their price objective on shares of Colgate-Palmolive from $79.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Weiss Ratings raised shares of Colgate-Palmolive from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Wall Street Zen lowered Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Bank of America dropped their price target on Colgate-Palmolive from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Finally, Piper Sandler reduced their price objective on Colgate-Palmolive from $96.00 to $92.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Twelve equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Colgate-Palmolive currently has an average rating of “Moderate Buy” and an average price target of $95.88.

Colgate-Palmolive Stock Up 3.4%

CL stock opened at $91.65 on Wednesday. The company has a 50 day moving average of $87.60 and a two-hundred day moving average of $86.82. The company has a market cap of $73.34 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 4.67 and a beta of 0.33. Colgate-Palmolive Company has a 12-month low of $74.54 and a 12-month high of $99.33. The company has a quick ratio of 0.67, a current ratio of 1.02 and a debt-to-equity ratio of 16.33.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.94 by $0.03. Colgate-Palmolive had a net margin of 10.04% and a return on equity of 386.76%. The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the previous year, the company posted $0.91 EPS. Colgate-Palmolive’s revenue was up 8.4% on a year-over-year basis. On average, equities analysts anticipate that Colgate-Palmolive Company will post 3.81 earnings per share for the current fiscal year.

Colgate-Palmolive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, July 20th will be paid a $0.53 dividend. The ex-dividend date is Monday, July 20th. This represents a $2.12 dividend on an annualized basis and a yield of 2.3%. Colgate-Palmolive’s payout ratio is 82.49%.

Colgate-Palmolive 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.