Bath Savings Trust Co Acquires 7,917 Shares of Colgate-Palmolive Company $CL

Bath Savings Trust Co boosted its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 9.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,211 shares of the company’s stock after purchasing an additional 7,917 shares during the quarter. Bath Savings Trust Co’s holdings in Colgate-Palmolive were worth $7,052,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Voya Investment Management LLC lifted its holdings in shares of Colgate-Palmolive by 1.6% during the 3rd quarter. Voya Investment Management LLC now owns 505,603 shares of the company’s stock worth $40,418,000 after acquiring an additional 7,898 shares during the period. Stokes Capital Advisors LLC boosted its stake in Colgate-Palmolive by 17.1% in the third quarter. Stokes Capital Advisors LLC now owns 79,107 shares of the company’s stock worth $6,324,000 after purchasing an additional 11,553 shares in the last quarter. Amiral Gestion acquired a new position in Colgate-Palmolive during the 3rd quarter worth about $1,679,000. Hilltop National Bank grew its stake in shares of Colgate-Palmolive by 62.4% during the third quarter. Hilltop National Bank now owns 4,810 shares of the company’s stock valued at $385,000 after purchasing an additional 1,848 shares during the last quarter. Finally, NatWest Group plc boosted its position in Colgate-Palmolive by 0.3% in the 3rd quarter. NatWest Group plc now owns 60,666 shares of the company’s stock valued at $4,850,000 after buying an additional 210 shares during the last quarter. Institutional investors own 80.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Argus reaffirmed a “hold” rating on shares of Colgate-Palmolive in a research note on Thursday, December 11th. Morgan Stanley decreased their target price on Colgate-Palmolive from $96.00 to $87.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. UBS Group reduced their price target on shares of Colgate-Palmolive from $92.00 to $90.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Colgate-Palmolive in a report on Wednesday, October 8th. Finally, Piper Sandler initiated coverage on shares of Colgate-Palmolive in a research report on Friday, October 3rd. They issued a “neutral” rating and a $84.00 target price for the company. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.81.

Colgate-Palmolive Stock Down 2.5%

Shares of CL opened at $77.73 on Friday. The firm has a market cap of $62.66 billion, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 5.68 and a beta of 0.30. The company has a debt-to-equity ratio of 5.90, a quick ratio of 0.60 and a current ratio of 0.93. Colgate-Palmolive Company has a 52 week low of $74.54 and a 52 week high of $100.18. The firm’s 50-day simple moving average is $78.31 and its 200 day simple moving average is $83.22.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. Colgate-Palmolive had a return on equity of 333.39% and a net margin of 14.47%.The company had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $5.17 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. On average, analysts forecast that Colgate-Palmolive Company will post 3.75 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Wednesday, January 21st will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, January 21st. Colgate-Palmolive’s dividend payout ratio is presently 58.26%.

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.