Norden Group LLC Sells 36,508 Shares of Colgate-Palmolive (NYSE:CL)

Norden Group LLC reduced its position in shares of Colgate-Palmolive (NYSE:CL) by 83.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,187 shares of the company’s stock after selling 36,508 shares during the period. Norden Group LLC’s holdings in Colgate-Palmolive were worth $653,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CL. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Colgate-Palmolive during the fourth quarter worth approximately $26,000. Centricity Wealth Management LLC acquired a new position in shares of Colgate-Palmolive during the fourth quarter worth approximately $27,000. Union Bancaire Privee UBP SA acquired a new position in shares of Colgate-Palmolive during the fourth quarter worth approximately $32,000. Bernard Wealth Management Corp. acquired a new position in shares of Colgate-Palmolive during the fourth quarter worth approximately $36,000. Finally, Roxbury Financial LLC acquired a new position in shares of Colgate-Palmolive during the fourth quarter worth approximately $43,000. 80.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CL. Morgan Stanley reduced their target price on shares of Colgate-Palmolive from $111.00 to $104.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Barclays cut their price objective on shares of Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. TD Cowen cut their price objective on shares of Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Raymond James restated an “outperform” rating and issued a $105.00 price objective (down from $110.00) on shares of Colgate-Palmolive in a report on Monday, February 3rd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $101.00 price objective on shares of Colgate-Palmolive in a report on Wednesday, January 29th. 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. According to data from MarketBeat.com, Colgate-Palmolive presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.61.

Colgate-Palmolive Stock Up 1.7 %

Shares of CL stock opened at $92.74 on Tuesday. The firm has a fifty day moving average of $88.76 and a 200-day moving average of $95.37. The company has a quick ratio of 0.58, a current ratio of 0.92 and a debt-to-equity ratio of 13.40. Colgate-Palmolive has a 12-month low of $85.32 and a 12-month high of $109.30. The company has a market capitalization of $75.26 billion, a price-to-earnings ratio of 26.35, a P/E/G ratio of 4.20 and a beta of 0.44.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earned $0.87 earnings per share. As a group, equities research analysts predict that Colgate-Palmolive will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Announces Dividend

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

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.