Colgate-Palmolive (NYSE:CL) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Colgate-Palmolive (NYSE:CL) from a hold rating to a buy rating in a research note published on Monday.

Several other equities research analysts have also weighed in on the company. Barclays lowered their price objective on Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Stifel Nicolaus lowered their price target 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. Piper Sandler cut their price objective on Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Morgan Stanley lowered their target price on shares of Colgate-Palmolive from $111.00 to $104.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Finally, Wells Fargo & Company dropped 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Colgate-Palmolive currently has an average rating of “Moderate Buy” and a consensus target price of $101.61.

Colgate-Palmolive Stock Up 1.7 %

Shares of CL stock opened at $92.74 on Monday. The stock has a market cap of $75.26 billion, a P/E ratio of 26.35, a price-to-earnings-growth ratio of 4.20 and a beta of 0.44. 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 stock has a fifty day moving average price of $88.76 and a 200 day moving average price of $95.37. Colgate-Palmolive has a one year low of $85.32 and a one year high of $109.30.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings data on Friday, January 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. Colgate-Palmolive had a net margin of 14.38% and a return on equity of 477.77%. During the same quarter in the prior year, the business posted $0.87 earnings per share. Analysts predict that Colgate-Palmolive will post 3.75 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Tuesday, January 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $2.00 dividend on an annualized basis and a yield of 2.16%. Colgate-Palmolive’s payout ratio is 56.82%.

Institutional Investors Weigh In On Colgate-Palmolive

A number of institutional investors and hedge funds have recently made changes to their positions in CL. Swedbank AB lifted its position in Colgate-Palmolive by 1.4% during the 3rd quarter. Swedbank AB now owns 2,950,059 shares of the company’s stock valued at $306,246,000 after purchasing an additional 40,324 shares during the period. Stephens Inc. AR raised its stake in shares of Colgate-Palmolive by 2.1% during the third quarter. Stephens Inc. AR now owns 11,951 shares of the company’s stock worth $1,241,000 after buying an additional 251 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in Colgate-Palmolive by 142.1% in the third quarter. Creative Financial Designs Inc. ADV now owns 869 shares of the company’s stock valued at $90,000 after buying an additional 510 shares during the period. Gladstone Institutional Advisory LLC boosted its stake in Colgate-Palmolive by 10.3% in the third quarter. Gladstone Institutional Advisory LLC now owns 6,758 shares of the company’s stock valued at $702,000 after acquiring an additional 631 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its holdings in Colgate-Palmolive by 10.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,809 shares of the company’s stock worth $575,000 after acquiring an additional 527 shares during the period. Institutional investors own 80.41% of the company’s stock.

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.