AGF Investments Inc. purchased a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 204,001 shares of the company’s stock, valued at approximately $10,235,000. AGF Investments Inc. owned 0.08% of Church & Dwight as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Westpac Banking Corp boosted its position in Church & Dwight by 636.4% during the 3rd quarter. Westpac Banking Corp now owns 115,863 shares of the company’s stock valued at $5,614,000 after buying an additional 100,129 shares during the period. Sterling Capital Management LLC boosted its position in Church & Dwight by 4.0% during the 2nd quarter. Sterling Capital Management LLC now owns 7,070 shares of the company’s stock valued at $367,000 after buying an additional 270 shares during the period. Huntington National Bank boosted its position in Church & Dwight by 3.1% during the 3rd quarter. Huntington National Bank now owns 726,553 shares of the company’s stock valued at $35,202,000 after buying an additional 21,739 shares during the period. Koch Industries Inc. purchased a new stake in Church & Dwight during the 2nd quarter valued at $271,000. Finally, Financial Enhancement Group LLC boosted its position in Church & Dwight by 1.8% during the 3rd quarter. Financial Enhancement Group LLC now owns 149,784 shares of the company’s stock valued at $7,257,000 after buying an additional 2,654 shares during the period. 78.62% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on CHD shares. Zacks Investment Research raised shares of Church & Dwight from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Jefferies Group dropped their target price on shares of Church & Dwight from $63.00 to $58.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Morgan Stanley dropped their target price on shares of Church & Dwight from $49.00 to $46.00 and set an “underweight” rating for the company in a research report on Friday, November 3rd. BMO Capital Markets dropped their target price on shares of Church & Dwight from $50.00 to $45.00 and set a “market perform” rating for the company in a research report on Monday, November 6th. Finally, Barclays dropped their target price on shares of Church & Dwight from $49.00 to $43.00 and set an “underweight” rating for the company in a research report on Tuesday, November 7th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $51.40.
Church & Dwight Co., Inc. (CHD) opened at $48.64 on Wednesday. Church & Dwight Co., Inc. has a 12-month low of $43.21 and a 12-month high of $54.18. The stock has a market cap of $12,160.00, a PE ratio of 16.71, a P/E/G ratio of 2.06 and a beta of 0.45. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.72 and a current ratio of 1.07.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. Church & Dwight had a net margin of 19.69% and a return on equity of 24.95%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the company posted $0.44 EPS. Church & Dwight’s revenue was up 15.3% on a year-over-year basis. equities analysts anticipate that Church & Dwight Co., Inc. will post 2.27 earnings per share for the current year.
Church & Dwight declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 2nd that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a dividend of $0.2175 per share. This is a boost from Church & Dwight’s previous quarterly dividend of $0.19. This represents a $0.87 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Wednesday, February 14th. Church & Dwight’s dividend payout ratio (DPR) is 26.12%.
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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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