Glenmede Trust Co. NA grew its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 37.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,782,003 shares of the company’s stock after buying an additional 482,109 shares during the quarter. Glenmede Trust Co. NA’s holdings in Church & Dwight were worth $94,731,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Wells Fargo & Company MN increased its position in Church & Dwight by 5.3% in the first quarter. Wells Fargo & Company MN now owns 2,364,718 shares of the company’s stock worth $119,087,000 after purchasing an additional 119,421 shares during the period. Victory Capital Management Inc. increased its position in Church & Dwight by 17.4% in the first quarter. Victory Capital Management Inc. now owns 76,844 shares of the company’s stock worth $3,870,000 after purchasing an additional 11,390 shares during the period. Schwab Charles Investment Management Inc. increased its position in Church & Dwight by 2.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 929,725 shares of the company’s stock worth $46,821,000 after purchasing an additional 18,535 shares during the period. Aperio Group LLC increased its position in Church & Dwight by 16.2% in the first quarter. Aperio Group LLC now owns 228,940 shares of the company’s stock worth $11,529,000 after purchasing an additional 31,866 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in Church & Dwight by 61.7% in the first quarter. Thrivent Financial for Lutherans now owns 127,981 shares of the company’s stock worth $6,445,000 after purchasing an additional 48,842 shares during the period. Institutional investors own 85.04% of the company’s stock.
In other news, Director Arthur B. Winkleblack sold 8,058 shares of Church & Dwight stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $55.94, for a total transaction of $450,764.52. Following the transaction, the director now owns 75,187 shares in the company, valued at approximately $4,205,960.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Richard A. Dierker sold 33,900 shares of Church & Dwight stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $57.24, for a total value of $1,940,436.00. Following the transaction, the vice president now owns 25,376 shares in the company, valued at approximately $1,452,522.24. The disclosure for this sale can be found here. Insiders have sold a total of 510,691 shares of company stock worth $28,946,904 in the last quarter. 2.00% of the stock is currently owned by company insiders.
Church & Dwight stock opened at $59.55 on Monday. The stock has a market cap of $14.58 billion, a PE ratio of 30.70, a P/E/G ratio of 2.60 and a beta of 0.38. Church & Dwight Co., Inc. has a 1 year low of $43.21 and a 1 year high of $59.74. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.79 and a quick ratio of 0.46.
Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Thursday, August 2nd. The company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Church & Dwight had a return on equity of 25.21% and a net margin of 20.29%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the business posted $0.41 EPS. Church & Dwight’s revenue for the quarter was up 14.5% on a year-over-year basis. equities analysts forecast that Church & Dwight Co., Inc. will post 2.28 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Wednesday, August 15th were issued a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Tuesday, August 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 44.85%.
CHD has been the subject of a number of research reports. Bank of America lifted their price objective on Church & Dwight from $51.00 to $55.00 and gave the stock an “underperform” rating in a research report on Monday, July 16th. Stifel Nicolaus boosted their target price on Church & Dwight from $48.00 to $52.00 and gave the stock a “hold” rating in a research report on Friday, August 3rd. Zacks Investment Research upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Monday, May 21st. Oppenheimer boosted their target price on Church & Dwight from $54.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, July 19th. Finally, Jefferies Financial Group restated a “buy” rating and set a $55.00 target price on shares of Church & Dwight in a research report on Sunday, June 10th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $54.00.
Church & Dwight Profile
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; and water flossers and replacement showerheads under the WATERPIK brand.
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