Hamilton Point Investment Advisors LLC Purchases 1,884 Shares of Colgate-Palmolive (NYSE:CL)

Hamilton Point Investment Advisors LLC raised its stake in shares of Colgate-Palmolive (NYSE:CL) by 3.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 50,804 shares of the company’s stock after buying an additional 1,884 shares during the period. Hamilton Point Investment Advisors LLC’s holdings in Colgate-Palmolive were worth $4,619,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Union Bancaire Privee UBP SA bought a new stake in shares of Colgate-Palmolive during the 4th quarter worth $32,000. Reston Wealth Management LLC bought a new stake in shares of Colgate-Palmolive during the 3rd quarter valued at $42,000. Synergy Asset Management LLC purchased a new stake in shares of Colgate-Palmolive in the fourth quarter worth about $49,000. Capital Performance Advisors LLP purchased a new position in shares of Colgate-Palmolive during the 3rd quarter valued at $53,000. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Colgate-Palmolive in the third quarter worth $64,000. Institutional investors own 80.41% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CL. Wells Fargo & Company cut their target price on shares of Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating for the company in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price objective on shares of Colgate-Palmolive from $109.00 to $103.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. StockNews.com downgraded shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. UBS Group cut their price objective on shares of Colgate-Palmolive from $112.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, Piper Sandler cut 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. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $102.00.

Insider Activity at Colgate-Palmolive

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

Colgate-Palmolive Stock Performance

CL opened at $90.96 on Friday. The firm has a market cap of $74.31 billion, a P/E ratio of 26.06, a PEG ratio of 3.70 and a beta of 0.44. Colgate-Palmolive has a 1-year low of $82.68 and a 1-year high of $109.30. The company has a 50 day simple moving average of $91.52 and a two-hundred day simple moving average of $97.25. The company has a debt-to-equity ratio of 9.46, a current ratio of 1.04 and a quick ratio of 0.68.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings data on Friday, January 31st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. Colgate-Palmolive had a return on equity of 405.81% and a net margin of 14.27%. During the same period last year, the business earned $0.87 earnings per share. Equities analysts forecast that Colgate-Palmolive will post 3.58 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, January 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.20%. Colgate-Palmolive’s dividend 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.