Intact Investment Management Inc. Purchases 80,600 Shares of Colgate-Palmolive (NYSE:CL)

Intact Investment Management Inc. grew its position in shares of Colgate-Palmolive (NYSE:CL) by 11,514.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,300 shares of the company’s stock after buying an additional 80,600 shares during the period. Intact Investment Management Inc.’s holdings in Colgate-Palmolive were worth $7,391,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. bought a new position in shares of Colgate-Palmolive in the fourth quarter worth $348,718,000. LBP AM SA grew its position in Colgate-Palmolive by 36.4% in the fourth quarter. LBP AM SA now owns 241,828 shares of the company’s stock valued at $21,985,000 after acquiring an additional 64,550 shares during the last quarter. Integras Partners LLC bought a new position in Colgate-Palmolive in the fourth quarter valued at about $2,596,000. Madison Investment Advisors LLC acquired a new stake in shares of Colgate-Palmolive during the fourth quarter valued at about $9,479,000. Finally, Impact Capital Partners LLC acquired a new stake in shares of Colgate-Palmolive during the fourth quarter valued at about $307,000. Institutional investors own 80.41% of the company’s stock.

Analyst Ratings Changes

CL has been the topic of a number of recent research reports. TD Cowen cut their price target on Colgate-Palmolive from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. UBS Group dropped their price target on Colgate-Palmolive from $104.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Wells Fargo & Company decreased their price objective on Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus decreased their price objective on Colgate-Palmolive from $95.00 to $93.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Finally, Piper Sandler decreased their price target on Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $101.61.

Colgate-Palmolive Stock Down 0.4 %

Shares of NYSE CL opened at $90.41 on Friday. Colgate-Palmolive has a one year low of $85.32 and a one year high of $109.30. 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 business’s fifty day moving average price is $89.03 and its 200-day moving average price is $94.93. The stock has a market capitalization of $73.37 billion, a PE ratio of 25.69, a P/E/G ratio of 4.20 and a beta of 0.40.

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 analysts’ consensus estimates of $0.90 by $0.01. Colgate-Palmolive had a return on equity of 477.77% and a net margin of 14.38%. During the same quarter in the previous year, the business posted $0.87 EPS. On average, equities research analysts anticipate that Colgate-Palmolive will post 3.75 EPS for the current year.

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.