Global Trust Asset Management LLC boosted its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 100.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,800 shares of the company’s stock after purchasing an additional 2,400 shares during the quarter. Global Trust Asset Management LLC’s holdings in Church & Dwight were worth $316,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Baldwin Brothers Inc. MA boosted its holdings in shares of Church & Dwight by 120.2% during the third quarter. Baldwin Brothers Inc. MA now owns 10,074 shares of the company’s stock valued at $598,000 after acquiring an additional 5,499 shares during the period. Bank of Montreal Can raised its stake in shares of Church & Dwight by 34.8% during the third quarter. Bank of Montreal Can now owns 288,332 shares of the company’s stock valued at $17,118,000 after purchasing an additional 74,460 shares in the last quarter. Asset Advisors Investment Management LLC bought a new stake in shares of Church & Dwight during the third quarter valued at about $15,633,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Church & Dwight by 1.5% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 891,337 shares of the company’s stock valued at $52,919,000 after purchasing an additional 13,547 shares in the last quarter. Finally, First Financial Bank Trust Division raised its stake in shares of Church & Dwight by 1.7% during the fourth quarter. First Financial Bank Trust Division now owns 88,740 shares of the company’s stock valued at $5,835,000 after purchasing an additional 1,513 shares in the last quarter. 82.38% of the stock is owned by hedge funds and other institutional investors.
Shares of Church & Dwight stock opened at $67.15 on Friday. 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 Co., Inc. has a 52 week low of $44.87 and a 52 week high of $69.49. The stock has a market capitalization of $16.21 billion, a price-to-earnings ratio of 34.61, a price-to-earnings-growth ratio of 2.61 and a beta of 0.32.
Church & Dwight (NYSE:CHD) last issued its quarterly 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. Church & Dwight had a net margin of 20.25% and a return on equity of 25.00%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the business earned $0.49 earnings per share. Church & Dwight’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, analysts predict that Church & Dwight Co., Inc. will post 2.28 earnings per share for the current year.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research note on Tuesday. Morgan Stanley set a $58.00 price objective on shares of Church & Dwight and gave the company a “sell” rating in a research note on Thursday, December 20th. Bank of America restated an “underperform” rating and set a $66.00 price objective (up from $58.00) on shares of Church & Dwight in a research note on Thursday, December 6th. Oppenheimer lifted their price objective on shares of Church & Dwight from $66.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday, November 8th. Finally, Barclays set a $54.00 price objective on shares of Church & Dwight and gave the company a “sell” rating in a research note on Saturday, November 3rd. 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 stock presently has an average rating of “Hold” and an average target price of $60.76.
In other Church & Dwight news, Director James Craigie sold 300,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 327,577 shares in the company, valued at approximately $21,760,940.11. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Steven P. Cugine sold 15,000 shares of the business’s stock in a transaction dated 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 owns 43,948 shares in the company, valued at approximately $2,829,811.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 379,660 shares of company stock worth $25,161,897. 2.00% of the stock is owned by company insiders.
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Church & Dwight Profile
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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