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Diamond Hill Capital Management Inc. Has $645.72 Million Stake in Colgate-Palmolive Company $CL
Diamond Hill Capital Management Inc. significantly increased its stake in Colgate-Palmolive Company by 46.7% in Q3, now holding 8,077,549 shares valued at $645.72 million, making it their fourth-largest holding. This comes as Colgate-Palmolive (NYSE:CL) reported strong Q3 earnings, beating EPS expectations with $0.95 and achieving $5.23 billion in revenue, representing a 5.8% year-over-year growth. Despite a recent sale of shares by CFO Stanley J. Sutula III, institutional investors maintain a substantial 80.41% ownership of the company.