Harbour Investments Inc. Buys 650 Shares of Colgate-Palmolive (NYSE:CL)

Harbour Investments Inc. grew its stake in shares of Colgate-Palmolive (NYSE:CL) by 7.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 9,836 shares of the company’s stock after acquiring an additional 650 shares during the quarter. Harbour Investments Inc.’s holdings in Colgate-Palmolive were worth $1,021,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CL. Entropy Technologies LP bought a new stake in shares of Colgate-Palmolive during the 3rd quarter worth $5,638,000. Apollon Wealth Management LLC lifted its position in shares of Colgate-Palmolive by 3.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 22,571 shares of the company’s stock worth $2,343,000 after buying an additional 839 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its position in shares of Colgate-Palmolive by 10.8% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 13,320 shares of the company’s stock worth $1,383,000 after buying an additional 1,296 shares during the last quarter. Jag Capital Management LLC lifted its position in shares of Colgate-Palmolive by 2.0% during the 3rd quarter. Jag Capital Management LLC now owns 33,546 shares of the company’s stock worth $3,482,000 after buying an additional 647 shares during the last quarter. Finally, Catalytic Wealth RIA LLC acquired a new position in Colgate-Palmolive in the 3rd quarter worth about $362,000. 80.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Barclays upped their target price on Colgate-Palmolive from $91.00 to $96.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Jefferies Financial Group cut Colgate-Palmolive from a “buy” rating to a “hold” rating and lowered their target price for the stock from $103.00 to $95.00 in a report on Wednesday, July 24th. TD Cowen lowered their target price on Colgate-Palmolive from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday, October 28th. Stifel Nicolaus cut Colgate-Palmolive from a “buy” rating to a “hold” rating and lowered their target price for the stock from $105.00 to $101.00 in a report on Monday, October 28th. Finally, Evercore ISI upped their target price on Colgate-Palmolive from $100.00 to $106.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.11.

Insiders Place Their Bets

In other news, CFO Stanley J. Sutula III sold 45,410 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $94.11, for a total value of $4,273,535.10. Following the transaction, the chief financial officer now owns 36,726 shares in the company, valued at $3,456,283.86. This trade represents a 55.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martina Hundmejean sold 2,313 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $103.86, for a total value of $240,228.18. Following the completion of the transaction, the director now owns 11,755 shares in the company, valued at $1,220,874.30. This represents a 16.44 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.34% of the company’s stock.

Colgate-Palmolive Stock Up 0.4 %

Shares of NYSE:CL opened at $91.44 on Friday. The business’s 50 day simple moving average is $99.94 and its two-hundred day simple moving average is $98.48. The firm has a market cap of $74.71 billion, a P/E ratio of 26.20, a PEG ratio of 3.27 and a beta of 0.42. The company has a debt-to-equity ratio of 9.46, a quick ratio of 0.68 and a current ratio of 1.04. Colgate-Palmolive has a 52-week low of $75.17 and a 52-week high of $109.30.

Colgate-Palmolive Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.00 annualized dividend and a yield of 2.19%. Colgate-Palmolive’s payout ratio is currently 57.31%.

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.