Etrade Capital Management Has Decreased By $380,396 Its Patrick Industries (PATK) Position; Colgate Palmolive Co (CL)’s Sentiment Is 0.69

June 10, 2018 - By Dolores Ford

Colgate Palmolive Co (CL) investors sentiment decreased to 0.69 in Q1 2018. It’s down -0.18, from 0.87 in 2017Q4. The ratio dived, as 385 hedge funds increased or opened new equity positions, while 558 cut down and sold equity positions in Colgate Palmolive Co. The hedge funds in our database now have: 605.00 million shares, down from 606.34 million shares in 2017Q4. Also, the number of hedge funds holding Colgate Palmolive Co in top ten equity positions decreased from 16 to 13 for a decrease of 3. Sold All: 71 Reduced: 487 Increased: 313 New Position: 72.

Etrade Capital Management Llc decreased Patrick Industries Inc (PATK) stake by 27.06% reported in 2018Q1 SEC filing. Etrade Capital Management Llc sold 6,236 shares as Patrick Industries Inc (PATK)’s stock declined 6.81%. The Etrade Capital Management Llc holds 16,813 shares with $1.04 million value, down from 23,049 last quarter. Patrick Industries Inc now has $1.54B valuation. The stock increased 2.14% or $1.3 during the last trading session, reaching $62. About 189,116 shares traded. Patrick Industries, Inc. (NASDAQ:PATK) has risen 32.04% since June 10, 2017 and is uptrending. It has outperformed by 19.47% the S&P500. Some Historical PATK News: ; 31/05/2018 – Patrick Industries Expects the Acquisition to Be Immediately Accretive to Net Income Per Shr; 31/05/2018 – Patrick Industries, Inc. Completes Acquisition Of Dowco, Inc; 26/04/2018 – Patrick Industries 1Q Net $30.1M; 30/04/2018 – Patrick Industries, Inc. Completes Acquisition Of Dehco, Inc; 21/04/2018 – DJ Patrick Industries Inc, Inst Holders, 1Q 2018 (PATK); 19/03/2018 – PATRICK INDUSTRIES BUYS COLLINS & CO. FOR ABOUT $36.5M; 19/03/2018 Patrick Industries, Inc. Completes Acquisition of Collins & Company, Inc; 22/03/2018 – Patrick Industries Closes Below 50-Day Average: Technicals; 05/04/2018 – Copper Rock Capital Partners Buys 1.3% of Patrick Industries; 18/05/2018 – Patrick Industries Raises Buyback Authorization to $50M Over the Next 24 Mos

More news for Patrick Industries, Inc. (NASDAQ:PATK) were recently published by: Seekingalpha.com, which released: “Patrick Industries announces increased share repurchase authorization” on May 18, 2018. Globenewswire.com‘s article titled: “Report: Developing Opportunities within Rush Enterprises, Patrick Industries, A. Schulman, Pareteum, Workiva, and …” and published on May 22, 2018 is yet another important article.

Analysts await Patrick Industries, Inc. (NASDAQ:PATK) to report earnings on July, 26. They expect $1.25 earnings per share, up 47.06% or $0.40 from last year’s $0.85 per share. PATK’s profit will be $30.97M for 12.40 P/E if the $1.25 EPS becomes a reality. After $1.20 actual earnings per share reported by Patrick Industries, Inc. for the previous quarter, Wall Street now forecasts 4.17% EPS growth.

Etrade Capital Management Llc increased Orange Sa (NYSE:ORAN) stake by 29,409 shares to 96,211 valued at $1.64 million in 2018Q1. It also upped Ishares Tr Iboxx Invst Grade (LQD) stake by 15,260 shares and now owns 59,939 shares. Ishares Tr International Select D (IDV) was raised too.

Investors sentiment decreased to 1.38 in 2018 Q1. Its down 5.88, from 7.26 in 2017Q4. It fall, as 18 investors sold PATK shares while 60 reduced holdings. 39 funds opened positions while 69 raised stakes. 22.78 million shares or 48.56% less from 44.28 million shares in 2017Q4 were reported. Paloma Partners reported 4,970 shares. Wells Fargo & Co Mn, a California-based fund reported 299,289 shares. Massmutual Tru Communication Fsb Adv reported 0% of its portfolio in Patrick Industries, Inc. (NASDAQ:PATK). Bridgeway Capital Mgmt Inc holds 33,700 shares. Parallax Volatility Advisers Lp, a California-based fund reported 120 shares. Prelude Mngmt Lc holds 282 shares. Supplemental Annuity Collective Of Nj invested in 18,000 shares. Thompson Siegel And Walmsley Limited Liability invested in 0% or 7 shares. 50,331 are held by California Public Employees Retirement Sys. Globeflex Cap LP has invested 0.29% in Patrick Industries, Inc. (NASDAQ:PATK). Icon Advisers accumulated 9,184 shares or 0.04% of the stock. Pinebridge Investments Limited Partnership stated it has 4,453 shares. Meeder Asset reported 0% stake. Gendell Jeffrey L invested in 8.49% or 1.22M shares. Piedmont Advsr Lc has 0.01% invested in Patrick Industries, Inc. (NASDAQ:PATK).

Since December 13, 2017, it had 3 insider buys, and 4 insider sales for $428,193 activity. Kitson Michael A sold $172,370 worth of stock or 2,584 shares. Forbes John A had sold 1,000 shares worth $65,800 on Thursday, December 14. $54,644 worth of Patrick Industries, Inc. (NASDAQ:PATK) was sold by Boone Joshua A on Friday, March 16. WELCH M SCOTT had bought 7,500 shares worth $439,857 on Friday, May 11. Shares for $134,648 were sold by Blosser Courtney on Monday, March 12.

Among 6 analysts covering Patrick Industries (NASDAQ:PATK), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Patrick Industries had 12 analyst reports since March 31, 2016 according to SRatingsIntel. As per Tuesday, October 24, the company rating was maintained by Bank of America. The stock has “Hold” rating by Wells Fargo on Tuesday, April 10. Bank of America maintained Patrick Industries, Inc. (NASDAQ:PATK) rating on Wednesday, January 24. Bank of America has “Buy” rating and $80 target. As per Wednesday, August 30, the company rating was maintained by Robert W. Baird. The firm earned “Buy” rating on Thursday, June 16 by Sidoti. Robert W. Baird maintained the shares of PATK in report on Thursday, February 15 with “Buy” rating. The company was downgraded on Thursday, March 31 by CL King. The rating was maintained by Robert W. Baird on Friday, December 22 with “Buy”. The firm earned “Buy” rating on Thursday, March 15 by Bank of America. The firm earned “Buy” rating on Wednesday, August 17 by CL King.

More news for Colgate-Palmolive Company (NYSE:CL) were recently published by: Seekingalpha.com, which released: “Colgate-Palmolive Offers An Attractive Entry Point” on May 30, 2018. Seekingalpha.com‘s article titled: “Colgate-Palmolive: A Consumer Defensive Heavyweight” and published on May 14, 2018 is yet another important article.

Analysts await Colgate-Palmolive Company (NYSE:CL) to report earnings on July, 20. They expect $0.79 EPS, up 9.72% or $0.07 from last year’s $0.72 per share. CL’s profit will be $689.14M for 20.04 P/E if the $0.79 EPS becomes a reality. After $0.74 actual EPS reported by Colgate-Palmolive Company for the previous quarter, Wall Street now forecasts 6.76% EPS growth.

Vgi Partners Pty Ltd holds 9.89% of its portfolio in Colgate-Palmolive Company for 1.13 million shares. Ycg Llc owns 571,036 shares or 8.91% of their US portfolio. Moreover, Bush Odonnell Investment Advisors Inc has 6.39% invested in the company for 63,367 shares. The Singapore-based Bank Pictet & Cie (Asia) Ltd has invested 5.77% in the stock. East Coast Asset Management Llc., a Massachusetts-based fund reported 226,808 shares.

Ratings analysis reveals 33% of Colgate-Palmolive’s analysts are positive. Out of 6 Wall Street analysts rating Colgate-Palmolive, 2 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $70.0 while the high is $78.0. The stock’s average target of $74.67 is 17.89% above today’s ($63.34) share price. CL was included in 6 notes of analysts from September 12, 2016. On Monday, September 12 the stock rating was upgraded by Bank of America to “Buy”. The rating was maintained by Stifel Nicolaus on Monday, January 30 with “Hold”. The firm earned “Neutral” rating on Friday, October 28 by UBS. The firm has “Outperform” rating given on Tuesday, February 21 by BNP Paribas. The firm has “Neutral” rating by B. Riley & Co given on Friday, October 28. Citigroup downgraded Colgate-Palmolive Company (NYSE:CL) on Monday, January 30 to “Neutral” rating.

The stock increased 0.92% or $0.58 during the last trading session, reaching $63.34. About 4.78 million shares traded or 7.46% up from the average. Colgate-Palmolive Company (CL) has declined 15.42% since June 10, 2017 and is downtrending. It has underperformed by 27.99% the S&P500. Some Historical CL News: ; 23/05/2018 – Colgate-Palmolive Commits to Recyclability of Plastics in All Packaging; 19/04/2018 – Colgate-Palmolive Volume Jumps More Than Five Times Average; 19/03/2018 – Colgate Continues to Recommend Shareholders Reject “Mini-Tender” Offer by Baker Mills LLC Following Increase in Number of; 12/04/2018 – Colgate-Palmolive Earns 2018 ENERGY STAR® Partner of the Year Award for the Eighth Consecutive Year; 04/05/2018 – Colgate names company veteran as chief financial officer; 27/04/2018 – Colgate’s sales disappoint on tepid emerging market demand; 21/05/2018 – COLGATE INDIA 4Q ONE-TIME LOSS 116.5M RUPEES; 27/04/2018 – Colgate’s quarterly sales rise 6.4 percent; 27/04/2018 – Colgate-Palmolive 1Q Adj EPS 74c; 04/05/2018 – Colgate-Palmolive: Hickey to Assume the Role of Vice Chmn

Since January 1, 0001, it had 0 buys, and 25 insider sales for $43.37 million activity.

Colgate-Palmolive Company, together with its subsidiaries, makes and sells consumer products worldwide. The company has market cap of $55.25 billion. It operates through two divisions, Oral, Personal and Home Care; and Pet Nutrition. It has a 26.85 P/E ratio. The firm offers oral care products, including toothpastes, toothbrushes, and mouthwashes, as well as pharmaceutical products for dentists and other oral health professionals; personal care products comprising bar and liquid hand soaps, shower gels, shampoos, conditioners, and deodorants and antiperspirants; and home care products, such as laundry and dishwashing detergents, fabric conditioners, household cleaners, bleaches, and other related products.

Colgate-Palmolive Company (NYSE:CL) Institutional Positions Chart

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