Colgate-Palmolive Company $CL Position Decreased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Colgate-Palmolive Company (NYSE:CL) by 20.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,210,555 shares of the company’s stock after selling 562,296 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Colgate-Palmolive were worth $200,939,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Cornerstone Wealth Management LLC increased its position in Colgate-Palmolive by 1.2% during the first quarter. Cornerstone Wealth Management LLC now owns 9,035 shares of the company’s stock worth $847,000 after acquiring an additional 110 shares during the period. Redhawk Wealth Advisors Inc. increased its holdings in Colgate-Palmolive by 2.4% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 5,467 shares of the company’s stock valued at $497,000 after buying an additional 129 shares during the period. KFG Wealth Management LLC increased its holdings in Colgate-Palmolive by 1.5% in the 1st quarter. KFG Wealth Management LLC now owns 8,835 shares of the company’s stock valued at $828,000 after buying an additional 131 shares during the period. MONECO Advisors LLC increased its holdings in Colgate-Palmolive by 2.2% in the 1st quarter. MONECO Advisors LLC now owns 6,051 shares of the company’s stock valued at $567,000 after buying an additional 133 shares during the period. Finally, Ledyard National Bank increased its holdings in Colgate-Palmolive by 4.5% in the 1st quarter. Ledyard National Bank now owns 3,094 shares of the company’s stock valued at $290,000 after buying an additional 134 shares during the period. Institutional investors own 80.41% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CL shares. Barclays lowered their price target on shares of Colgate-Palmolive from $87.00 to $82.00 and set an “equal weight” rating on the stock in a report on Wednesday. Citigroup lowered their price target on shares of Colgate-Palmolive from $108.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, August 4th. UBS Group lowered their price target on shares of Colgate-Palmolive from $109.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Wells Fargo & Company lowered their price target on shares of Colgate-Palmolive from $83.00 to $80.00 and set an “underweight” rating on the stock in a report on Thursday, September 25th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Colgate-Palmolive from $99.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Colgate-Palmolive presently has a consensus rating of “Moderate Buy” and an average target price of $97.27.

Colgate-Palmolive Stock Down 1.2%

Shares of NYSE:CL opened at $78.95 on Thursday. Colgate-Palmolive Company has a 52 week low of $78.76 and a 52 week high of $102.61. The company has a debt-to-equity ratio of 6.79, a quick ratio of 0.57 and a current ratio of 0.89. The company’s fifty day moving average is $83.69 and its 200-day moving average is $88.50. The company has a market capitalization of $63.81 billion, a PE ratio of 22.18, a P/E/G ratio of 4.16 and a beta of 0.34.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $5.03 billion. Colgate-Palmolive had a net margin of 14.55% and a return on equity of 377.63%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. Equities research analysts predict that Colgate-Palmolive Company will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 17th will be given a dividend of $0.52 per share. The ex-dividend date is Friday, October 17th. This represents a $2.08 annualized dividend and a yield of 2.6%. Colgate-Palmolive’s dividend payout ratio is 58.43%.

About Colgate-Palmolive

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.