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COLGATE-PALMOLIVE COMPANY

(CL)
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Delayed Nyse  -  04:00 2022-11-29 pm EST
75.97 USD   -0.54%
11/28Colgate-Palmolive Webcasts Fireside Chat at the Morgan Stanley Global Consumer & Retail Conference
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11/22Wolfe Research Starts Colgate-Palmolive at Peer Perform
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Emerson - Colgate-Palmolive Pursues Net Zero Carbon Target with Emerson's Smart Sensor Technology for Compressed Air Monitoring

10/04/2022 | 06:53am EST

Companies everywhere are embracing sustainability. For example, Emerson recently announced its Net Zero targets and is continuously developing innovative initiatives - like its Greening Of Emerson, Greening By Emerson and Greening With Emerson Framework; Environmental Sustainability Steering Committee; partnerships with new associations and other leading organizations; and much more - to achieve them.

Emerson is providing the same value for its customers too. For example, Colgate-Palmolive Company - an S&P 100 consumer products manufacturer - recently announced they are partnering with Emerson to achieve net zero carbon emissions in operations by 2040.

Armed with data from Emerson's advanced sensor technologies and analytics, Colgate is reducing energy waste in its product packaging facilities. The company has already seen a 15% reduction in energy usage on several toothpaste and toothbrush packaging lines and expects even greater energy savings as the technology is rolled out more widely.

The project is part of Colgate's digital transformation program and uses Emerson's specialized AVENTICS pneumatic sensors and IIoT-enabled software architecture to precisely monitor compressed air flow in real time to identify leaks, optimize pneumatic processes and improve air flow efficiency.

In Colgate's implementation, Emerson's AVENTICS AF2 Smart Flow Sensor calculates air usage data with integrated software that displays trends and anomalies on analytics dashboards, allowing operators to easily regulate supply pressures and detect leaks. The system's built-in connectivity makes it easy to deploy and provides immediate insights at the machine level, with network capability paving the way for monitoring compressed air usage enterprise wide.

Given the heavy reliance on pneumatics in large-scale consumer goods production, reducing the amount of energy associated with compressed air contributes not only to sustainability efforts, but also to overall equipment health and reliability.

For Colgate, saving energy through air flow monitoring is just the tip of the iceberg. Through Emerson's solutions and a test-and-learn mindset, the company will be able to detect costly energy leaks, optimize its manufacturing processes, scale lessons across its global footprint and better deliver on its sustainability and business goals.

Contact:

Emerson US and World Headquarters

Emerson Electric Co.

8000 West Florissant Avenue, P.O. Box 4100,

St. Louis , MO 63136

United States

Phone: +1 314 553 2000

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
COLGATE-PALMOLIVE COMPANY -0.54% 75.97 Delayed Quote.-10.04%
EMERSON ELECTRIC CO. 0.10% 94.31 Delayed Quote.1.34%
All news about COLGATE-PALMOLIVE COMPANY
11/28Colgate-Palmolive Webcasts Fireside Chat at the Morgan Stanley Global Consumer & Retail..
BU
11/22Wolfe Research Starts Colgate-Palmolive at Peer Perform
MT
11/16Fitch Downgrades 4 Classes of COMM 2013-300P; Places 7 Classes on Rating Watch Negative
AQ
11/01Barclays Adjusts Price Target for Colgate-Palmolive to $76 from $72, Maintains Equal-We..
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11/01Berenberg Bank Adjusts Colgate-Palmolive Price Target to $66 From $68, Maintains Hold R..
MT
10/31UBS Raises Colgate-Palmolive's Price Target to $85 From $80, Keeps Buy Rating
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10/31Goldman Sachs Adjusts Colgate-Palmolive Company's Price Target to $84 From $81, Maintai..
MT
10/28Colgate Palmolive : Three Months Ended September 30, 2022 and 2021
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10/28Colgate Palmolive : Geographic Sales Analysis Percentage Changes for the Three Months Ende..
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10/28Colgate Palmolive : Condensed Consolidated Statements of Cash Flows for the Nine Months En..
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Financials (USD)
Sales 2022 17 907 M - -
Net income 2022 2 423 M - -
Net Debt 2022 7 229 M - -
P/E ratio 2022 26,4x
Yield 2022 2,50%
Capitalization 63 451 M 63 451 M -
EV / Sales 2022 3,95x
EV / Sales 2023 3,85x
Nbr of Employees 33 800
Free-Float 57,1%
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Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 75,97 $
Average target price 80,15 $
Spread / Average Target 5,50%
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Managers and Directors
Noel R. Wallace Chairman, President & Chief Executive Officer
Phillip G. Shotts Senior Vice President-Finance
Stanley J. Sutula Chief Financial Officer
Michael Crowe Chief Information Officer
Patricia D. Verduin Co-Chief Technology Officer
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