Autus Asset Management LLC grew its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 90,165 shares of the company’s stock after acquiring an additional 1,132 shares during the period. Colgate-Palmolive accounts for 1.3% of Autus Asset Management LLC’s holdings, making the stock its 26th largest position. Autus Asset Management LLC’s holdings in Colgate-Palmolive were worth $6,684,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. First Eagle Investment Management LLC lifted its position in Colgate-Palmolive by 2.3% during the second quarter. First Eagle Investment Management LLC now owns 4,891,131 shares of the company’s stock worth $362,580,000 after acquiring an additional 108,850 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in Colgate-Palmolive by 84.2% during the first quarter. TIAA CREF Investment Management LLC now owns 4,554,989 shares of the company’s stock worth $333,380,000 after acquiring an additional 2,082,262 shares during the last quarter. Legal & General Group Plc lifted its position in Colgate-Palmolive by 2.2% during the second quarter. Legal & General Group Plc now owns 4,390,317 shares of the company’s stock worth $325,461,000 after acquiring an additional 96,427 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Colgate-Palmolive by 1.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 3,474,194 shares of the company’s stock worth $254,277,000 after acquiring an additional 39,843 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in Colgate-Palmolive by 0.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,591,711 shares of the company’s stock worth $192,124,000 after acquiring an additional 6,857 shares during the last quarter. Hedge funds and other institutional investors own 73.63% of the company’s stock.

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In related news, insider Patricia Verduin sold 3,833 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $71.45, for a total value of $273,867.85. Following the sale, the insider now owns 53,173 shares of the company’s stock, valued at $3,799,210.85. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP John J. Huston sold 14,000 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $71.36, for a total transaction of $999,040.00. Following the completion of the sale, the senior vice president now directly owns 88,598 shares in the company, valued at approximately $6,322,353.28. The disclosure for this sale can be found here. Insiders own 1.02% of the company’s stock.

Several equities research analysts have issued reports on CL shares. Zacks Investment Research upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Monday, September 25th. SunTrust Banks, Inc. upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and raised their price objective for the stock from $65.00 to $85.00 in a research report on Wednesday, October 11th. Jefferies Group LLC restated a “hold” rating and set a $79.00 price objective on shares of Colgate-Palmolive in a research report on Thursday, September 28th. Deutsche Bank AG restated a “hold” rating and set a $75.00 price objective on shares of Colgate-Palmolive in a research report on Monday, July 24th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $74.00 price objective on shares of Colgate-Palmolive in a research report on Sunday, October 8th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $76.67.

Shares of Colgate-Palmolive Company (NYSE:CL) opened at $70.15 on Monday. The firm has a market cap of $61,599.08, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 3.21 and a beta of 0.80. Colgate-Palmolive Company has a one year low of $63.43 and a one year high of $77.27. The company has a debt-to-equity ratio of 24.42, a quick ratio of 0.92 and a current ratio of 1.23.

Colgate-Palmolive (NYSE:CL) last posted its earnings results on Friday, October 27th. The company reported $0.73 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.73. The firm had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.94 billion. Colgate-Palmolive had a net margin of 15.10% and a return on equity of 2,782.56%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 earnings per share. sell-side analysts expect that Colgate-Palmolive Company will post 2.88 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Monday, October 23rd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.28%. Colgate-Palmolive’s payout ratio is presently 61.78%.

About Colgate-Palmolive

Colgate-Palmolive Company (Colgate) is a consumer products company. The Company operates in two product segments: Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through five geographic segments, which include North America, Latin America, Europe, Asia Pacific and Africa/Eurasia.

Institutional Ownership by Quarter for Colgate-Palmolive (NYSE:CL)

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