South State CORP. increased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 12.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 12,502 shares of the company’s stock after purchasing an additional 1,430 shares during the period. South State CORP.’s holdings in Church & Dwight were worth $1,092,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. E Fund Management Co. Ltd. bought a new position in shares of Church & Dwight during the 1st quarter worth approximately $38,000. Norinchukin Bank The raised its position in shares of Church & Dwight by 3.1% in the first quarter. Norinchukin Bank The now owns 506,917 shares of the company’s stock valued at $44,279,000 after purchasing an additional 15,363 shares during the period. Taurus Asset Management LLC lifted its stake in shares of Church & Dwight by 2.4% during the 1st quarter. Taurus Asset Management LLC now owns 248,665 shares of the company’s stock worth $21,721,000 after buying an additional 5,799 shares during the last quarter. Strategy Asset Managers LLC lifted its stake in shares of Church & Dwight by 11.9% during the 1st quarter. Strategy Asset Managers LLC now owns 2,919 shares of the company’s stock worth $255,000 after buying an additional 310 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co boosted its holdings in shares of Church & Dwight by 1.9% during the 1st quarter. Elo Mutual Pension Insurance Co now owns 17,924 shares of the company’s stock worth $1,566,000 after buying an additional 340 shares during the period. 80.57% of the stock is owned by institutional investors.
In related news, CMO Britta Bomhard sold 15,680 shares of the business’s stock in a transaction on Monday, March 15th. The shares were sold at an average price of $83.55, for a total value of $1,310,064.00. Following the sale, the chief marketing officer now owns 20,963 shares of the company’s stock, valued at $1,751,458.65. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is currently owned by insiders.
Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, April 29th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. Church & Dwight had a return on equity of 23.00% and a net margin of 15.63%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Analysts forecast that Church & Dwight Co., Inc. will post 3.03 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 1st. Stockholders of record on Friday, May 14th were paid a dividend of $0.2525 per share. This represents a $1.01 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Thursday, May 13th. Church & Dwight’s payout ratio is currently 35.69%.
A number of equities research analysts have recently issued reports on the company. Morgan Stanley restated an “underweight” rating and set a $80.00 price objective on shares of Church & Dwight in a report on Monday, April 26th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Church & Dwight from $91.00 to $92.00 and gave the stock a “hold” rating in a research report on Wednesday, April 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Church & Dwight from $79.00 to $80.00 and gave the company an “underweight” rating in a report on Friday, April 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Church & Dwight has a consensus rating of “Hold” and an average price target of $102.43.
About Church & Dwight
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products in the United States and internationally. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry 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 analgesics 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; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS products; and cold remedy products under the ZICAM brand.
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