QRG Capital Management Inc. Purchases 177,350 Shares of Colgate-Palmolive Company $CL

QRG Capital Management Inc. significantly increased its stake in Colgate-Palmolive Company (NYSE:CL) by purchasing an additional 177,350 shares, bringing its total holdings to 215,380 shares valued at approximately $19.7 million. This move is part of a broader trend of institutional investment, with such entities owning over 80% of the stock. Analysts generally maintain a "Moderate Buy" rating for Colgate-Palmolive, which recently exceeded EPS expectations and declared a quarterly dividend.