Somerville Kurt F lowered its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 6.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,575 shares of the company’s stock after selling 425 shares during the period. Somerville Kurt F’s holdings in Church & Dwight were worth $481,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in CHD. Sigma Planning Corp boosted its position in Church & Dwight by 3.3% during the first quarter. Sigma Planning Corp now owns 8,425 shares of the company’s stock valued at $600,000 after purchasing an additional 271 shares in the last quarter. Moreno Evelyn V bought a new stake in Church & Dwight during the first quarter valued at about $214,000. Northern Trust Corp boosted its position in Church & Dwight by 2.7% during the first quarter. Northern Trust Corp now owns 2,948,593 shares of the company’s stock valued at $210,028,000 after purchasing an additional 77,370 shares in the last quarter. Flagship Harbor Advisors LLC boosted its position in Church & Dwight by 30.6% during the first quarter. Flagship Harbor Advisors LLC now owns 5,404 shares of the company’s stock valued at $384,000 after purchasing an additional 1,267 shares in the last quarter. Finally, GAM Holding AG boosted its position in Church & Dwight by 7.2% during the first quarter. GAM Holding AG now owns 191,881 shares of the company’s stock valued at $13,668,000 after purchasing an additional 12,882 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.
Shares of Church & Dwight stock traded down $0.01 on Friday, reaching $74.32. 1,204,328 shares of the stock were exchanged, compared to its average volume of 1,189,455. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.78 and a quick ratio of 0.45. Church & Dwight Co., Inc. has a twelve month low of $54.46 and a twelve month high of $79.22. The company has a market capitalization of $18.37 billion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 3.47 and a beta of 0.18. The company has a 50 day simple moving average of $75.18.
Church & Dwight (NYSE:CHD) last released its earnings results on Wednesday, July 31st. The company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. Church & Dwight had a return on equity of 24.57% and a net margin of 14.24%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. On average, research analysts predict that Church & Dwight Co., Inc. will post 2.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be issued a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Wednesday, August 14th. Church & Dwight’s dividend payout ratio (DPR) is 40.09%.
In related news, EVP Steven P. Cugine sold 15,540 shares of Church & Dwight stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $78.63, for a total transaction of $1,221,910.20. Following the completion of the sale, the executive vice president now owns 30,866 shares of the company’s stock, valued at $2,426,993.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert K. Shearer sold 17,544 shares of Church & Dwight stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $77.00, for a total value of $1,350,888.00. Following the sale, the director now directly owns 46,652 shares of the company’s stock, valued at approximately $3,592,204. The disclosure for this sale can be found here. Insiders have sold 159,516 shares of company stock valued at $11,866,800 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.
CHD has been the topic of a number of recent research reports. BMO Capital Markets raised their price objective on Church & Dwight to $75.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd. Citigroup downgraded Church & Dwight from a “neutral” rating to a “sell” rating and set a $73.80 price objective on the stock. in a research report on Thursday, May 2nd. Zacks Investment Research downgraded Church & Dwight from a “buy” rating to a “hold” rating and set a $77.00 price objective on the stock. in a research report on Thursday, May 30th. Stifel Nicolaus raised their price objective on Church & Dwight from $71.00 to $74.00 and gave the company a “hold” rating in a research report on Thursday. Finally, Jefferies Financial Group raised their price objective on Church & Dwight from $74.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. Church & Dwight has an average rating of “Hold” and a consensus price target of $70.21.
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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