Robeco Institutional Asset Management B.V. Sells 48,636 Shares of Colgate-Palmolive Company (NYSE:CL)

Robeco Institutional Asset Management B.V. lessened its holdings in Colgate-Palmolive Company (NYSE:CL - Free Report) by 1.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,772,851 shares of the company's stock after selling 48,636 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.34% of Colgate-Palmolive worth $259,816,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Colgate-Palmolive in the 4th quarter worth approximately $26,000. Vermillion Wealth Management Inc. bought a new stake in shares of Colgate-Palmolive in the 4th quarter worth approximately $31,000. Union Bancaire Privee UBP SA bought a new stake in shares of Colgate-Palmolive in the 4th quarter worth approximately $32,000. Briaud Financial Planning Inc bought a new stake in shares of Colgate-Palmolive in the 4th quarter worth approximately $32,000. Finally, Wintrust Investments LLC bought a new stake in shares of Colgate-Palmolive in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 80.41% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Piper Sandler lowered their price target on shares of Colgate-Palmolive from $108.00 to $107.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. Barclays lowered their target price on shares of Colgate-Palmolive from $89.00 to $86.00 and set an "equal weight" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company boosted their target price on shares of Colgate-Palmolive from $83.00 to $88.00 and gave the company an "underweight" rating in a report on Wednesday, April 2nd. Wall Street Zen cut shares of Colgate-Palmolive from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, UBS Group boosted their target price on shares of Colgate-Palmolive from $105.00 to $109.00 and gave the company a "buy" rating in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $101.69.

Colgate-Palmolive Price Performance

Shares of CL traded up $1.01 during mid-day trading on Friday, reaching $88.80. 6,946,159 shares of the stock traded hands, compared to its average volume of 4,801,067. The firm has a fifty day moving average price of $90.99 and a 200 day moving average price of $90.64. The company has a market cap of $71.97 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 4.66 and a beta of 0.38. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 8.96. Colgate-Palmolive Company has a 1 year low of $85.32 and a 1 year high of $109.30.

Colgate-Palmolive (NYSE:CL - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.05. The firm had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.92 billion. Colgate-Palmolive had a net margin of 14.52% and a return on equity of 461.04%. The business's revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS. As a group, equities research analysts predict that Colgate-Palmolive Company will post 3.75 earnings per share for the current year.

Colgate-Palmolive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $2.08 dividend on an annualized basis and a yield of 2.34%. Colgate-Palmolive's dividend payout ratio is presently 58.76%.

Colgate-Palmolive declared that its board has approved a share buyback plan on Thursday, March 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 6.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

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.