Raymond James Trust N.A. purchased a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,676 shares of the company’s stock, valued at approximately $218,000.
Several other hedge funds also recently added to or reduced their stakes in CHD. Harvest Fund Management Co. Ltd acquired a new position in shares of Church & Dwight in the 3rd quarter worth approximately $107,000. Girard Partners LTD. acquired a new position in shares of Church & Dwight in the 3rd quarter worth approximately $141,000. Global Trust Asset Management LLC acquired a new position in shares of Church & Dwight in the 3rd quarter worth approximately $142,000. Fort L.P. acquired a new position in shares of Church & Dwight in the 2nd quarter worth approximately $129,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of Church & Dwight in the 2nd quarter worth approximately $148,000. Institutional investors own 82.79% of the company’s stock.
In other news, Director James Craigie sold 300,000 shares of Church & Dwight stock in a transaction on Monday, November 5th. The stock was sold at an average price of $66.43, for a total transaction of $19,929,000.00. Following the completion of the sale, the director now owns 327,577 shares of the company’s stock, valued at $21,760,940.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven P. Cugine sold 15,000 shares of Church & Dwight stock in a transaction on Monday, November 19th. The stock was sold at an average price of $64.39, for a total value of $965,850.00. Following the sale, the executive vice president now directly owns 43,948 shares of the company’s stock, valued at approximately $2,829,811.72. The disclosure for this sale can be found here. Insiders have sold a total of 346,780 shares of company stock valued at $22,971,597 in the last ninety days. Insiders own 2.00% of the company’s stock.
Shares of Church & Dwight stock opened at $66.60 on Wednesday. The firm has a market capitalization of $16.30 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 2.89 and a beta of 0.34. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.55 and a current ratio of 0.93. Church & Dwight Co., Inc. has a 52-week low of $44.87 and a 52-week high of $67.93.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. Church & Dwight had a net margin of 20.25% and a return on equity of 25.00%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company earned $0.49 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts expect that Church & Dwight Co., Inc. will post 2.28 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Thursday, November 15th were issued a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a yield of 1.31%. The ex-dividend date was Wednesday, November 14th. Church & Dwight’s dividend payout ratio is 44.85%.
CHD has been the topic of several recent research reports. ValuEngine raised shares of Church & Dwight from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Jefferies Financial Group lifted their target price on shares of Church & Dwight from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, October 29th. Zacks Investment Research raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Monday, November 12th. BMO Capital Markets lifted their target price on shares of Church & Dwight from $55.00 to $62.00 and gave the stock a “hold” rating in a research report on Friday, November 2nd. Finally, Societe Generale downgraded shares of Church & Dwight from a “buy” rating to a “hold” rating and set a $54.00 target price on the stock. in a research report on Tuesday, August 7th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $60.12.
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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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