MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in Church & Dwight Co., Inc. (NYSE:CHD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,979 shares of the company’s stock, valued at approximately $853,000.
Other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its stake in Church & Dwight by 7.4% during the second quarter. FMR LLC now owns 2,758,699 shares of the company’s stock worth $146,652,000 after purchasing an additional 190,608 shares during the last quarter. Bank of Montreal Can increased its position in Church & Dwight by 34.8% in the third quarter. Bank of Montreal Can now owns 288,332 shares of the company’s stock worth $17,118,000 after buying an additional 74,460 shares during the period. Aperio Group LLC increased its position in Church & Dwight by 2.3% in the third quarter. Aperio Group LLC now owns 232,721 shares of the company’s stock worth $13,817,000 after buying an additional 5,128 shares during the period. Strs Ohio increased its position in Church & Dwight by 2.8% in the third quarter. Strs Ohio now owns 129,689 shares of the company’s stock worth $7,699,000 after buying an additional 3,513 shares during the period. Finally, IFM Investors Pty Ltd increased its position in Church & Dwight by 13.8% in the third quarter. IFM Investors Pty Ltd now owns 13,341 shares of the company’s stock worth $792,000 after buying an additional 1,622 shares during the period. 81.78% of the stock is owned by institutional investors and hedge funds.
Shares of CHD traded up $0.47 during trading hours on Friday, reaching $67.40. 1,625,819 shares of the company’s stock traded hands, compared to its average volume of 1,965,773. The firm has a market capitalization of $16.49 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 3.24 and a beta of 0.22. Church & Dwight Co., Inc. has a twelve month low of $44.87 and a twelve month high of $69.49. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.52 and a current ratio of 0.81.
Church & Dwight (NYSE:CHD) last released its earnings results on Tuesday, February 5th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.07 billion. Church & Dwight had a return on equity of 24.80% and a net margin of 13.72%. Church & Dwight’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 earnings per share. Analysts forecast that Church & Dwight Co., Inc. will post 2.46 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 15th were issued a dividend of $0.2275 per share. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.22. This represents a $0.91 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Thursday, February 14th. Church & Dwight’s payout ratio is presently 40.09%.
In related news, VP Richard A. Dierker sold 16,880 shares of the stock in a transaction on Monday, January 7th. The stock was sold at an average price of $66.25, for a total value of $1,118,300.00. Following the completion of the transaction, the vice president now owns 18,776 shares in the company, valued at approximately $1,243,910. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maynadier Patrick D. De sold 139,320 shares of the stock in a transaction on Monday, January 14th. The shares were sold at an average price of $66.72, for a total value of $9,295,430.40. Following the completion of the transaction, the executive vice president now owns 40,650 shares of the company’s stock, valued at approximately $2,712,168. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.
CHD has been the topic of several analyst reports. Morgan Stanley set a $58.00 target price on Church & Dwight and gave the stock a “sell” rating in a research report on Thursday, December 20th. Zacks Investment Research lowered Church & Dwight from a “buy” rating to a “hold” rating in a research report on Monday, November 19th. Credit Suisse Group initiated coverage on Church & Dwight in a research report on Wednesday, March 6th. They issued a “neutral” rating and a $65.00 target price on the stock. Deutsche Bank raised Church & Dwight from a “sell” rating to a “hold” rating and set a $60.46 target price on the stock in a research report on Wednesday, February 6th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $66.00 target price (up from $58.00) on shares of Church & Dwight in a research report on Thursday, December 6th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. Church & Dwight currently has a consensus rating of “Hold” and an average price target of $62.23.
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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