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Colgate-Palmolive (CL) Stock Price, News & Analysis

$102.47
-0.71 (-0.69%)
(As of 11:29 AM ET)

About Colgate-Palmolive Stock (NYSE:CL)

Key Stats

Today's Range
$102.31
$103.10
50-Day Range
$96.49
$108.74
52-Week Range
$67.62
$109.30
Volume
1.14 million shs
Average Volume
4.30 million shs
Market Capitalization
$84.07 billion
P/E Ratio
32.43
Dividend Yield
1.95%
Price Target
$102.79
Consensus Rating
Moderate Buy

Company Overview

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. This segment markets and sells its products under various brands, which include Colgate, Darlie, elmex, hello, meridol, Sorriso, Tom's of Maine, Irish Spring, Palmolive, Protex, Sanex, Softsoap, Lady Speed Stick, Speed Stick, EltaMD, Filorga, PCA SKIN, Ajax, Axion, Fabuloso, Murphy, Suavitel, and Soupline to a range of traditional and eCommerce retailers, wholesalers, and distributors. It includes pharmaceutical products for dentists and other oral health professionals. Its Pet Nutrition segment offers pet nutrition products for everyday nutritional needs under the Hill's Science Diet brand; and a range of therapeutic pet products to help nutritionally support dogs and cats in different stages of health under the Hill's Prescription Diet brand. This segment markets and sells its products through pet supply retailers, veterinarians, and eCommerce retailers. Colgate-Palmolive Company was founded in 1806 and is headquartered in New York, New York.

Colgate-Palmolive Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 94th Percentile

Colgate-Palmolive scored higher than 94% of companies evaluated by MarketBeat, and ranked 9th out of 148 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Colgate-Palmolive has received a consensus rating of Moderate Buy. The company's average rating score is 2.52, and is based on 12 buy ratings, 8 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Colgate-Palmolive has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Colgate-Palmolive's stock forecast and price target.
  • Earnings Growth

    Earnings for Colgate-Palmolive are expected to grow by 8.68% in the coming year, from $3.57 to $3.88 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Colgate-Palmolive is 32.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.51.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Colgate-Palmolive is 32.44, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 22.21.

  • Price to Earnings Growth Ratio

    Colgate-Palmolive has a PEG Ratio of 3.72. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Colgate-Palmolive has a P/B Ratio of 88.37. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Colgate-Palmolive's valuation and earnings.
  • Percentage of Shares Shorted

    1.07% of the float of Colgate-Palmolive has been sold short.
  • Short Interest Ratio / Days to Cover

    Colgate-Palmolive has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Colgate-Palmolive has recently increased by 6.49%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Colgate-Palmolive pays a meaningful dividend of 1.88%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Colgate-Palmolive has been increasing its dividend for 62 years.

  • Dividend Coverage

    The dividend payout ratio of Colgate-Palmolive is 63.29%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Colgate-Palmolive will have a dividend payout ratio of 51.55% next year. This indicates that Colgate-Palmolive will be able to sustain or increase its dividend.

  • Read more about Colgate-Palmolive's dividend.
  • Percentage of Shares Shorted

    1.07% of the float of Colgate-Palmolive has been sold short.
  • Short Interest Ratio / Days to Cover

    Colgate-Palmolive has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Colgate-Palmolive has recently increased by 6.49%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Colgate-Palmolive has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Staples companies.
  • News Coverage This Week

    MarketBeat has tracked 24 news articles for Colgate-Palmolive this week, compared to 11 articles on an average week.
  • Search Interest

    54 people have searched for CL on MarketBeat in the last 30 days. This is an increase of 29% compared to the previous 30 days.
  • MarketBeat Follows

    22 people have added Colgate-Palmolive to their MarketBeat watchlist in the last 30 days. This is an increase of 69% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Colgate-Palmolive insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,486,063.00 in company stock.

  • Percentage Held by Insiders

    Only 0.34% of the stock of Colgate-Palmolive is held by insiders.

  • Percentage Held by Institutions

    80.41% of the stock of Colgate-Palmolive is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Colgate-Palmolive's insider trading history.

CL Stock News Headlines

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Wells Fargo Downgrades Colgate-Palmolive (CL)
See More Headlines

CL Stock Analysis - Frequently Asked Questions

Colgate-Palmolive's stock was trading at $79.71 at the beginning of 2024. Since then, CL stock has increased by 28.6% and is now trading at $102.51.
View the best growth stocks for 2024 here
.

Colgate-Palmolive (NYSE:CL) announced its earnings results on Friday, July, 26th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. The business's revenue for the quarter was up 4.9% on a year-over-year basis.
Read the conference call transcript
.

Colgate-Palmolive subsidiaries include these companies: Hello Products, EltaMD, PCA SKIN, Laser Brand Toothpaste, Sanex, Tom's of Maine, GABA International, and more.

Top institutional shareholders of Colgate-Palmolive include First Eagle Investment Management LLC (1.10%), Massachusetts Financial Services Co. MA (1.09%), Legal & General Group Plc (0.95%) and Ameriprise Financial Inc. (0.78%). Insiders that own company stock include Noel R Wallace, Jennifer Daniels, Philip G Shotts, Lorrie M Norrington, John P Bilbrey, C Martin Harris, Sally Massey, Prabha Parameswaran, Stephen I Sadove, Martina Hundmejean, Gregory Malcolm, Panagiotis Tsourapas, John W Kooyman, John T Cahill and Patricia Verduin.
View institutional ownership trends
.

Shares of CL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Colgate-Palmolive investors own include Johnson & Johnson (JNJ), Procter & Gamble (PG), AT&T (T), AbbVie (ABBV), PepsiCo (PEP), Verizon Communications (VZ) and Coca-Cola (KO).

Company Calendar

Ex-Dividend for 8/15 Dividend
7/19/2024
Last Earnings
7/26/2024
Dividend Payable
8/15/2024
Today
9/19/2024
Ex-Dividend for 11/15 Dividend
10/18/2024
Next Earnings (Confirmed)
10/25/2024
Dividend Payable
11/15/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Toilet preparations
Sub-Industry
Household Products
CUSIP
19416210
Employees
34,000
Year Founded
1806

Price Target and Rating

Average Stock Price Target
$102.79
High Stock Price Target
$122.00
Low Stock Price Target
$84.00
Potential Upside/Downside
-0.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.52
Research Coverage
21 Analysts

Profitability

Net Income
$2.30 billion
Pretax Margin
19.62%

Debt

Sales & Book Value

Annual Sales
$19.99 billion
Cash Flow
$3.84 per share
Book Value
$1.16 per share

Miscellaneous

Free Float
817,652,000
Market Cap
$84.64 billion
Optionable
Optionable
Beta
0.40

Social Links

Should I Buy Colgate-Palmolive Stock? CL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 4, 2024. Please send any questions or comments about these Colgate-Palmolive pros and cons to contact@marketbeat.com.

Colgate-Palmolive
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Colgate-Palmolive:

  • Colgate-Palmolive's revenue for the quarter was up 4.9% on a year-over-year basis, indicating growth in the company's top line.
  • Analysts forecast that Colgate-Palmolive will post $3.57 EPS for the current year, showing potential profitability.
  • Colgate-Palmolive recently paid a quarterly dividend of $0.50, with an annualized dividend of $2.00 and a yield of 1.93%, providing income for investors.
  • Insiders have been selling shares, which could be seen as a positive sign if they believe the stock is overvalued and are taking profits.
  • Colgate-Palmolive's stock price has been trading at a 52-week high, reaching $106.04, indicating positive market sentiment.

Colgate-Palmolive
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Colgate-Palmolive for these reasons:

  • HSBC Global Research downgraded Colgate-Palmolive from a "strong-buy" to a "hold" rating, which may signal concerns about the company's future performance.
  • Jefferies Financial Group reduced their target price for Colgate-Palmolive stock from $103.00 to $95.00, indicating potential downside risk.
  • Insiders, including executives and directors, have been selling significant amounts of company stock, which could be interpreted as a lack of confidence in future growth.
  • Eight research analysts have rated the stock as a hold, suggesting mixed opinions on the company's outlook.
  • Colgate-Palmolive's debt-to-equity ratio is high at 16.90, which may pose financial risk and limit flexibility in the company's operations.

This page (NYSE:CL) was last updated on 9/19/2024 by MarketBeat.com Staff
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