IRON Financial LLC Boosts Stake in Colgate-Palmolive (NYSE:CL)

IRON Financial LLC lifted its holdings in shares of Colgate-Palmolive (NYSE:CL) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,366 shares of the company’s stock after buying an additional 299 shares during the period. IRON Financial LLC’s holdings in Colgate-Palmolive were worth $851,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Union Bancaire Privee UBP SA purchased a new position in shares of Colgate-Palmolive in the 4th quarter worth $32,000. Reston Wealth Management LLC purchased a new stake in Colgate-Palmolive during the third quarter valued at $42,000. Capital Performance Advisors LLP bought a new position in Colgate-Palmolive in the third quarter valued at about $53,000. Prospera Private Wealth LLC purchased a new position in Colgate-Palmolive in the third quarter worth about $64,000. Finally, True Wealth Design LLC grew its stake in shares of Colgate-Palmolive by 1,460.9% during the 3rd quarter. True Wealth Design LLC now owns 718 shares of the company’s stock valued at $75,000 after purchasing an additional 672 shares during the period. 80.41% of the stock is currently owned by institutional investors.

Colgate-Palmolive Trading Up 3.8 %

Shares of CL stock opened at $91.19 on Tuesday. The stock’s 50-day moving average price is $91.81 and its 200-day moving average price is $97.45. Colgate-Palmolive has a 12-month low of $82.68 and a 12-month high of $109.30. The stock has a market capitalization of $74.50 billion, a price-to-earnings ratio of 26.13, a price-to-earnings-growth ratio of 3.59 and a beta of 0.44. The company has a current ratio of 1.04, a quick ratio of 0.68 and a debt-to-equity ratio of 9.46.

Colgate-Palmolive Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Tuesday, January 21st will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, January 21st. This represents a $2.00 annualized dividend and a dividend yield of 2.19%. Colgate-Palmolive’s dividend payout ratio (DPR) is 57.31%.

Insider Activity

In other news, CFO Stanley J. Sutula III sold 45,410 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $94.11, for a total value of $4,273,535.10. Following the sale, the chief financial officer now directly owns 36,726 shares in the company, valued at $3,456,283.86. The trade was a 55.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CL shares. Piper Sandler dropped their price objective on shares of Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Barclays decreased their price target on shares of Colgate-Palmolive from $96.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. UBS Group cut their price objective on shares of Colgate-Palmolive from $112.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. StockNews.com cut Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. Finally, Stifel Nicolaus lowered their target price on Colgate-Palmolive from $101.00 to $95.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $101.11.

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.