Brokerages Set Colgate-Palmolive (NYSE:CL) Target Price at $105.11

Shares of Colgate-Palmolive (NYSE:CL) have been assigned a consensus rating of “Moderate Buy” from the twenty-two research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $105.11.

CL has been the subject of a number of research reports. StockNews.com cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Monday, December 16th. Wells Fargo & Company dropped their target price on Colgate-Palmolive from $100.00 to $92.00 and set an “underweight” rating on the stock in a report on Monday, October 28th. Stifel Nicolaus lowered shares of Colgate-Palmolive from a “buy” rating to a “hold” rating and lowered their price objective for the company from $105.00 to $101.00 in a research report on Monday, October 28th. TD Cowen cut their price objective on shares of Colgate-Palmolive from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Finally, Piper Sandler started coverage on shares of Colgate-Palmolive in a report on Tuesday, September 24th. They set an “overweight” rating and a $121.00 price target for the company.

Insider Transactions at Colgate-Palmolive

In other Colgate-Palmolive news, CFO Stanley J. Sutula III sold 45,410 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 36,726 shares in the company, valued at approximately $3,456,283.86. This represents a 55.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On Colgate-Palmolive

Institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in Colgate-Palmolive by 4.9% in the third quarter. Principal Financial Group Inc. now owns 997,147 shares of the company’s stock valued at $103,514,000 after purchasing an additional 46,944 shares during the last quarter. DGS Capital Management LLC increased its stake in shares of Colgate-Palmolive by 35.9% during the 3rd quarter. DGS Capital Management LLC now owns 8,625 shares of the company’s stock valued at $895,000 after acquiring an additional 2,280 shares during the last quarter. Garde Capital Inc. lifted its holdings in shares of Colgate-Palmolive by 19.5% during the 3rd quarter. Garde Capital Inc. now owns 1,553 shares of the company’s stock worth $161,000 after acquiring an additional 253 shares during the period. Peapack Gladstone Financial Corp boosted its position in shares of Colgate-Palmolive by 2.4% in the third quarter. Peapack Gladstone Financial Corp now owns 50,653 shares of the company’s stock worth $5,258,000 after acquiring an additional 1,203 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in Colgate-Palmolive by 351.0% in the third quarter. Tidal Investments LLC now owns 284,568 shares of the company’s stock valued at $29,541,000 after purchasing an additional 221,469 shares during the period. Institutional investors and hedge funds own 80.41% of the company’s stock.

Colgate-Palmolive Stock Performance

Shares of Colgate-Palmolive stock opened at $92.03 on Wednesday. The firm’s fifty day simple moving average is $95.02 and its 200-day simple moving average is $98.61. Colgate-Palmolive has a 12 month low of $76.96 and a 12 month high of $109.30. The stock has a market capitalization of $75.19 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 3.31 and a beta of 0.43. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Tuesday, January 21st. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 57.31%.

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.