Colgate-Palmolive Company (NYSE:) has hit a record high stock price of $104.16, marking a 52-week milestone and the highest level ever for the company. Investors are celebrating as the consumer goods giant's stock value has surged by an impressive 42.05% over the past year, showcasing strong investor confidence and robust financial performance.
In recent financial news, Colgate-Palmolive Company has reported significant growth in the second quarter of 2024, with mid single-digit volume growth and expanding gross margins. Analysts have raised price targets and earnings per share growth estimates for the company, underscoring its positive trajectory within the consumer products industry.
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Colgate-Palmolive's market capitalization of $85.0 billion highlights its enduring appeal to investors. With a gross profit margin of 59.7% and a consistent dividend growth rate, the company continues to deliver profitability and shareholder value. Trading at a reasonable P/E ratio and low PEG ratio, Colgate-Palmolive remains an attractive investment option with positive earnings outlooks from analysts.
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