Impax Asset Management Group plc Purchases 1,508 Shares of Colgate-Palmolive (NYSE:CL)

Impax Asset Management Group plc grew its position in Colgate-Palmolive (NYSE:CL) by 8.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 19,904 shares of the company’s stock after acquiring an additional 1,508 shares during the period. Impax Asset Management Group plc’s holdings in Colgate-Palmolive were worth $1,809,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Centricity Wealth Management LLC bought a new position in shares of Colgate-Palmolive in the 4th quarter valued at $27,000. Union Bancaire Privee UBP SA acquired a new stake in Colgate-Palmolive in the fourth quarter valued at $32,000. Hager Investment Management Services LLC acquired a new stake in Colgate-Palmolive in the fourth quarter valued at $36,000. Reston Wealth Management LLC acquired a new stake in Colgate-Palmolive in the third quarter valued at $42,000. Finally, Roxbury Financial LLC acquired a new stake in Colgate-Palmolive in the fourth quarter valued at $43,000. 80.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CL shares. 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. Royal Bank of Canada restated a “sector perform” rating and issued a $101.00 price objective on shares of Colgate-Palmolive in a report on Wednesday, January 29th. UBS Group decreased their price objective on Colgate-Palmolive from $104.00 to $100.00 and set a “buy” rating for the company in a report on Monday, February 3rd. 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, StockNews.com downgraded Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $101.16.

Colgate-Palmolive Stock Performance

Shares of CL opened at $92.36 on Wednesday. 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 stock has a 50-day moving average of $88.86 and a 200-day moving average of $95.66. The company has a market cap of $74.95 billion, a PE ratio of 26.24, a P/E/G ratio of 4.20 and a beta of 0.44. Colgate-Palmolive has a one year low of $85.32 and a one year high of $109.30.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, January 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the firm posted $0.87 earnings per share. On average, equities research analysts predict that Colgate-Palmolive will post 3.75 EPS for the current fiscal year.

Colgate-Palmolive Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Tuesday, January 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, January 21st. This represents a $2.00 annualized dividend and a yield of 2.17%. Colgate-Palmolive’s payout ratio is 56.82%.

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.