Handelsbanken Fonder AB boosted its position in Church & Dwight Company, Inc. (NYSE:CHD) by 1.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,800 shares of the company’s stock after buying an additional 2,500 shares during the period. Handelsbanken Fonder AB owned approximately 0.10% of Church & Dwight worth $11,957,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp boosted its stake in shares of Church & Dwight by 23.1% in the 1st quarter. State Street Corp now owns 14,762,551 shares of the company’s stock worth $736,228,000 after buying an additional 2,769,003 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Church & Dwight by 158.9% in the second quarter. Renaissance Technologies LLC now owns 1,791,900 shares of the company’s stock valued at $92,964,000 after purchasing an additional 1,099,670 shares during the last quarter. Franklin Resources Inc. lifted its stake in Church & Dwight by 48.6% in the second quarter. Franklin Resources Inc. now owns 1,487,434 shares of the company’s stock valued at $77,168,000 after purchasing an additional 486,634 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Church & Dwight in the third quarter valued at approximately $22,100,000. Finally, Parametric Portfolio Associates LLC lifted its stake in Church & Dwight by 67.8% in the second quarter. Parametric Portfolio Associates LLC now owns 1,067,698 shares of the company’s stock valued at $55,392,000 after purchasing an additional 431,389 shares during the last quarter. 79.96% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Steven J. Katz sold 11,200 shares of Church & Dwight stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $50.17, for a total transaction of $561,904.00. Following the transaction, the vice president now owns 4,458 shares in the company, valued at approximately $223,657.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew Farrell purchased 5,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were acquired at an average price of $43.83 per share, for a total transaction of $219,150.00. Following the purchase, the chief executive officer now directly owns 103,685 shares in the company, valued at $4,544,513.55. The disclosure for this purchase can be found here. Insiders purchased 6,546 shares of company stock worth $288,772 in the last 90 days. 2.00% of the stock is currently owned by corporate insiders.
A number of brokerages have issued reports on CHD. Jefferies Group LLC reissued a “buy” rating and set a $63.00 target price (up previously from $60.00) on shares of Church & Dwight in a report on Tuesday, July 18th. BMO Capital Markets set a $50.00 target price on shares of Church & Dwight and gave the company a “hold” rating in a report on Monday, July 17th. UBS AG reissued a “sell” rating and set a $48.00 target price (up previously from $46.00) on shares of Church & Dwight in a report on Tuesday, July 18th. Zacks Investment Research cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Barclays PLC set a $49.00 price target on shares of Church & Dwight and gave the stock a “sell” rating in a report on Sunday, August 6th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $49.49.
Shares of Church & Dwight Company, Inc. (NYSE CHD) traded up $0.75 during midday trading on Friday, hitting $44.75. 3,618,800 shares of the company’s stock were exchanged, compared to its average volume of 1,692,565. Church & Dwight Company, Inc. has a fifty-two week low of $42.56 and a fifty-two week high of $54.18. The company has a market capitalization of $10,996.71, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.08.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The company had revenue of $967.90 million during the quarter, compared to the consensus estimate of $937.20 million. Church & Dwight had a net margin of 12.32% and a return on equity of 24.82%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share. research analysts forecast that Church & Dwight Company, Inc. will post 1.92 earnings per share for the current year.
Church & Dwight declared that its board has authorized a share repurchase plan on Thursday, November 2nd that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Tuesday, November 14th. Church & Dwight’s dividend payout ratio is currently 43.68%.
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Church & Dwight Profile
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.
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