Quantinno Capital Management LP Acquires 75,989 Shares of Colgate-Palmolive (NYSE:CL)

Quantinno Capital Management LP grew its position in shares of Colgate-Palmolive (NYSE:CL - Free Report) by 43.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 252,598 shares of the company's stock after purchasing an additional 75,989 shares during the quarter. Quantinno Capital Management LP's holdings in Colgate-Palmolive were worth $22,964,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CL. Kohmann Bosshard Financial Services LLC bought a new stake in Colgate-Palmolive during the fourth quarter valued at about $26,000. Centricity Wealth Management LLC purchased a new stake in shares of Colgate-Palmolive in the fourth quarter worth about $27,000. Union Bancaire Privee UBP SA bought a new stake in Colgate-Palmolive during the fourth quarter worth approximately $32,000. Briaud Financial Planning Inc bought a new position in shares of Colgate-Palmolive during the fourth quarter valued at approximately $32,000. Finally, Wintrust Investments LLC bought a new position in shares of Colgate-Palmolive during the fourth quarter valued at approximately $33,000. 80.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CL has been the subject of a number of analyst reports. Piper Sandler lowered their target price on Colgate-Palmolive from $108.00 to $107.00 and set an "overweight" rating for the company in a report on Monday, March 31st. StockNews.com downgraded Colgate-Palmolive from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Citigroup raised their target price on Colgate-Palmolive from $103.00 to $108.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Stifel Nicolaus decreased their price target on shares of Colgate-Palmolive from $95.00 to $93.00 and set a "hold" rating on the stock in a research note on Monday, February 3rd. Finally, Barclays decreased their price target on shares of Colgate-Palmolive from $89.00 to $86.00 and set an "equal weight" rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Colgate-Palmolive currently has a consensus rating of "Hold" and an average target price of $102.12.

Colgate-Palmolive Stock Up 1.8%

Colgate-Palmolive stock traded up $1.63 during trading hours on Friday, hitting $91.26. The company had a trading volume of 4,650,320 shares, compared to its average volume of 4,656,198. 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 firm has a market capitalization of $73.96 billion, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 4.20 and a beta of 0.39. Colgate-Palmolive has a fifty-two week low of $85.32 and a fifty-two week high of $109.30. The firm's fifty day moving average is $91.65 and its 200-day moving average is $91.31.

Colgate-Palmolive (NYSE:CL - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.05. The business had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.92 billion. Colgate-Palmolive had a net margin of 14.38% and a return on equity of 477.77%. Colgate-Palmolive's quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 EPS. On average, research analysts forecast that Colgate-Palmolive will post 3.75 earnings per share for the current year.

Colgate-Palmolive announced that its Board of Directors has initiated a stock repurchase program on Thursday, March 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the company to purchase up to 6.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Colgate-Palmolive Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 17th were paid a $0.52 dividend. This is a boost from Colgate-Palmolive's previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Thursday, April 17th. Colgate-Palmolive's dividend payout ratio (DPR) is 58.76%.

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.