Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lowered its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 2.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,307,042 shares of the company’s stock after selling 63,651 shares during the quarter. Church & Dwight makes up about 2.1% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s investment portfolio, making the stock its 17th largest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned approximately 0.92% of Church & Dwight worth $115,744,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CHD. PGGM Investments purchased a new stake in Church & Dwight in the 4th quarter worth approximately $37,823,000. Ardevora Asset Management LLP purchased a new position in shares of Church & Dwight in the 3rd quarter valued at approximately $32,434,000. Assenagon Asset Management S.A. purchased a new position in shares of Church & Dwight in the 3rd quarter valued at approximately $22,100,000. American Century Companies Inc. lifted its stake in shares of Church & Dwight by 28.2% in the 3rd quarter. American Century Companies Inc. now owns 1,923,003 shares of the company’s stock valued at $93,169,000 after purchasing an additional 423,267 shares during the period. Finally, Koch Industries Inc. purchased a new position in shares of Church & Dwight in the 2nd quarter valued at approximately $271,000. Institutional investors and hedge funds own 78.62% of the company’s stock.
A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Tuesday, January 9th. Jefferies Group restated a “buy” rating and issued a $62.00 target price on shares of Church & Dwight in a research note on Thursday, January 4th. Wells Fargo & Co raised their target price on Church & Dwight from $47.00 to $52.00 and gave the company a “market perform” rating in a research note on Thursday, January 4th. Morgan Stanley raised their target price on Church & Dwight from $46.00 to $48.00 and gave the company an “underweight” rating in a research note on Wednesday, February 7th. Finally, CIBC upgraded Church & Dwight from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 7th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.40.
Church & Dwight Co., Inc. (NYSE CHD) opened at $48.64 on Wednesday. The stock has a market capitalization of $12,153.87, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 2.06 and a beta of 0.45. Church & Dwight Co., Inc. has a one year low of $43.21 and a one year high of $54.18. 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 announced its quarterly earnings data on Monday, February 5th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1 billion. Church & Dwight had a return on equity of 24.95% and a net margin of 19.69%. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.44 earnings per share. equities research analysts forecast that Church & Dwight Co., Inc. will post 2.27 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.2175 per share. This is a boost from Church & Dwight’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.87 dividend on an annualized basis and a yield of 1.79%. Church & Dwight’s payout ratio is presently 26.03%.
Church & Dwight declared that its Board of Directors has initiated a share buyback plan on Thursday, November 2nd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.
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Church & Dwight Company 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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