Range Financial Group LLC Purchases 5,644 Shares of Colgate-Palmolive (NYSE:CL)

Range Financial Group LLC raised its position in Colgate-Palmolive (NYSE:CL) by 117.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,436 shares of the company’s stock after purchasing an additional 5,644 shares during the quarter. Range Financial Group LLC’s holdings in Colgate-Palmolive were worth $949,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CL. Bath Savings Trust Co increased its stake in Colgate-Palmolive by 2.9% in the 4th quarter. Bath Savings Trust Co now owns 58,137 shares of the company’s stock valued at $5,285,000 after buying an additional 1,655 shares during the last quarter. Diversified Trust Co raised its holdings in Colgate-Palmolive by 2.6% during the fourth quarter. Diversified Trust Co now owns 83,360 shares of the company’s stock worth $7,578,000 after acquiring an additional 2,125 shares in the last quarter. Canandaigua National Bank & Trust Co. boosted its position in Colgate-Palmolive by 3.4% during the fourth quarter. Canandaigua National Bank & Trust Co. now owns 12,534 shares of the company’s stock valued at $1,139,000 after purchasing an additional 412 shares during the last quarter. CWA Asset Management Group LLC grew its stake in Colgate-Palmolive by 27.4% in the fourth quarter. CWA Asset Management Group LLC now owns 32,842 shares of the company’s stock valued at $2,986,000 after purchasing an additional 7,056 shares in the last quarter. Finally, Pensionfund Sabic increased its position in shares of Colgate-Palmolive by 43.8% during the 4th quarter. Pensionfund Sabic now owns 19,700 shares of the company’s stock worth $1,791,000 after purchasing an additional 6,000 shares during the last quarter. 80.41% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Stanley J. Sutula III sold 45,410 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $3,456,283.86. This represents a 55.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

CL has been the subject of several analyst reports. Wells Fargo & Company decreased their target price on shares of Colgate-Palmolive from $92.00 to $83.00 and set an “underweight” rating for the company in a research note on Tuesday. Piper Sandler lowered their price objective on shares of Colgate-Palmolive from $121.00 to $112.00 and set an “overweight” rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft downgraded shares of Colgate-Palmolive from a “buy” rating to a “hold” rating and raised their target price for the company from $107.00 to $109.00 in a research note on Monday, September 9th. StockNews.com raised Colgate-Palmolive from a “hold” rating to a “buy” rating in a research report on Wednesday, January 1st. Finally, Stifel Nicolaus cut Colgate-Palmolive from a “buy” rating to a “hold” rating and cut their price objective for the company from $105.00 to $101.00 in a research report on Monday, October 28th. One 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. Based on data from MarketBeat, Colgate-Palmolive currently has a consensus rating of “Moderate Buy” and an average price target of $104.16.

Colgate-Palmolive Price Performance

Shares of CL stock traded down $0.23 on Tuesday, hitting $87.31. 4,758,771 shares of the company’s stock were exchanged, compared to its average volume of 4,280,894. The company has a 50 day moving average of $93.18 and a 200 day moving average of $98.38. The stock has a market cap of $71.33 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 3.31 and a beta of 0.44. The company has a debt-to-equity ratio of 9.46, a current ratio of 1.04 and a quick ratio of 0.68. Colgate-Palmolive has a 12 month low of $79.69 and a 12 month high of $109.30.

Colgate-Palmolive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Tuesday, January 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $2.00 dividend on an annualized basis and a yield of 2.29%. Colgate-Palmolive’s dividend 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.