Major investors boosted shares in Colgate-Palmolive amid strong earnings and steady dividends.

Mitsubishi UFJ Trust & Banking Corp, TrueMark Investments LLC, Y Intercept Hong Kong Ltd, and Rakuten Investment Management Inc. all increased their stakes in Colgate-Palmolive during the third quarter, according to SEC filings. The company reported third-quarter earnings of $0.91 per share, slightly above estimates, with $5.13 billion in revenue, a 1.9% year-over-year increase. Colgate-Palmolive maintains a strong return on equity of 333.39% and a 2.4% dividend yield, with a quarterly payout of $0.52 per share. The stock, trading around $86.67, has a market cap of $69.86 billion and a consensus "Moderate Buy" rating with a target price of $89.44.