Lazard Asset Management LLC grew its position in Church & Dwight Co., Inc. (NYSE:CHD) by 20.0% during the first quarter, Holdings Channel reports. The firm owned 143,256 shares of the company’s stock after buying an additional 23,863 shares during the period. Lazard Asset Management LLC’s holdings in Church & Dwight were worth $10,203,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of CHD. Cordasco Financial Network bought a new position in Church & Dwight during the first quarter worth $28,000. Pinnacle Bank bought a new position in Church & Dwight during the fourth quarter worth $33,000. Berman Capital Advisors LLC bought a new position in Church & Dwight during the fourth quarter worth $34,000. Baystate Wealth Management LLC boosted its stake in Church & Dwight by 332.3% during the first quarter. Baystate Wealth Management LLC now owns 536 shares of the company’s stock worth $39,000 after acquiring an additional 412 shares in the last quarter. Finally, Private Ocean LLC bought a new position in Church & Dwight during the first quarter worth $41,000. 82.11% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on CHD. Jefferies Financial Group increased their target price on shares of Church & Dwight from $74.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. BMO Capital Markets increased their target price on shares of Church & Dwight to $75.00 and gave the stock a “market perform” rating in a research note on Friday, May 3rd. Atlantic Securities lowered shares of Church & Dwight from an “overweight” rating to a “neutral” rating in a research note on Monday, May 13th. SunTrust Banks increased their target price on shares of Church & Dwight to $80.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, Zacks Investment Research lowered shares of Church & Dwight from a “buy” rating to a “hold” rating and set a $77.00 target price on the stock. in a research note on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $67.94.
Church & Dwight stock opened at $77.16 on Friday. Church & Dwight Co., Inc. has a 1-year low of $49.63 and a 1-year high of $79.22. The firm has a market capitalization of $19.00 billion, a price-to-earnings ratio of 33.99, a price-to-earnings-growth ratio of 3.62 and a beta of 0.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.45 and a current ratio of 0.81.
Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. Church & Dwight had a net margin of 14.02% and a return on equity of 24.62%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts predict that Church & Dwight Co., Inc. will post 2.48 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were paid a $0.2275 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Tuesday, May 14th. Church & Dwight’s dividend payout ratio (DPR) is 40.09%.
In other news, Director Arthur B. Winkleblack sold 48,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $73.19, for a total value of $3,513,120.00. Following the completion of the sale, the director now owns 240,606 shares in the company, valued at $17,609,953.14. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Britta Bomhard sold 27,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $73.43, for a total transaction of $1,982,610.00. Following the completion of the sale, the vice president now owns 32,219 shares of the company’s stock, valued at approximately $2,365,841.17. The disclosure for this sale can be found here. Insiders sold 159,516 shares of company stock worth $11,866,800 over the last ninety days. Insiders own 2.00% of the company’s stock.
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About Church & Dwight
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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