Livforsakringsbolaget Skandia Omsesidigt trimmed its position in Church & Dwight Co., Inc. (NYSE:CHD) by 42.2% in the 3rd quarter, Holdings Channel reports. The firm owned 2,192 shares of the company’s stock after selling 1,600 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Church & Dwight were worth $130,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Bartlett & Co. LLC raised its stake in shares of Church & Dwight by 937.5% in the second quarter. Bartlett & Co. LLC now owns 1,992 shares of the company’s stock worth $106,000 after purchasing an additional 1,800 shares during the last quarter. Fort L.P. purchased a new position in shares of Church & Dwight in the second quarter worth about $129,000. Global Trust Asset Management LLC purchased a new position in shares of Church & Dwight in the third quarter worth about $142,000. Piedmont Investment Advisors LLC purchased a new position in shares of Church & Dwight in the second quarter worth about $148,000. Finally, Mainstay Capital Management LLC ADV raised its stake in shares of Church & Dwight by 5,216.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 7,974 shares of the company’s stock worth $150,000 after purchasing an additional 7,824 shares during the last quarter. Hedge funds and other institutional investors own 85.19% of the company’s stock.
Church & Dwight stock opened at $66.06 on Monday. The stock has a market cap of $16.21 billion, a P/E ratio of 34.05, a P/E/G ratio of 2.87 and a beta of 0.31. Church & Dwight Co., Inc. has a 52 week low of $43.21 and a 52 week high of $66.58. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 0.77.
Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, November 1st. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Church & Dwight had a return on equity of 25.00% and a net margin of 20.25%. Church & Dwight’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. Research analysts anticipate that Church & Dwight Co., Inc. will post 2.29 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be issued a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a yield of 1.32%. The ex-dividend date is Wednesday, November 14th. Church & Dwight’s dividend payout ratio (DPR) is 44.85%.
In other Church & Dwight news, Director Robert D. Leblanc sold 17,544 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $55.90, for a total value of $980,709.60. Following the sale, the director now directly owns 66,903 shares of the company’s stock, valued at $3,739,877.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert K. Shearer sold 16,718 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $57.82, for a total value of $966,634.76. Following the completion of the sale, the director now directly owns 45,826 shares in the company, valued at $2,649,659.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 358,140 shares of company stock worth $20,431,431. 2.00% of the stock is owned by corporate insiders.
Several research analysts have recently issued reports on the company. Barclays set a $54.00 price objective on Church & Dwight and gave the stock a “sell” rating in a research note on Saturday. JPMorgan Chase & Co. raised their price objective on Church & Dwight from $58.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday. Citigroup raised their price objective on Church & Dwight from $60.00 to $66.00 and gave the stock a “neutral” rating in a research note on Friday. BMO Capital Markets raised their price objective on Church & Dwight from $55.00 to $62.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Jefferies Financial Group raised their price objective on Church & Dwight from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Monday, October 29th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Church & Dwight currently has a consensus rating of “Hold” and a consensus price target of $58.18.
About Church & Dwight
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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