Baxter Bros Inc. boosted its stake in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,597 shares of the company’s stock after buying an additional 250 shares during the period. Baxter Bros Inc.’s holdings in Church & Dwight were worth $965,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. LaFleur & Godfrey LLC purchased a new stake in Church & Dwight during the first quarter valued at $5,696,000. BB&T Securities LLC increased its stake in Church & Dwight by 437.9% in the first quarter. BB&T Securities LLC now owns 280,837 shares of the company’s stock valued at $14,005,000 after buying an additional 228,629 shares during the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in Church & Dwight during the first quarter valued at $536,000. Parametrica Management Ltd purchased a new stake in Church & Dwight during the first quarter valued at $268,000. Finally, Thrivent Financial For Lutherans increased its stake in Church & Dwight by 4.0% in the first quarter. Thrivent Financial For Lutherans now owns 9,380 shares of the company’s stock valued at $468,000 after buying an additional 360 shares during the last quarter. 80.62% of the stock is owned by institutional investors and hedge funds.
Church & Dwight Company, Inc. (NYSE:CHD) traded up 0.40% on Friday, reaching $50.05. The company’s stock had a trading volume of 1,130,327 shares. The firm has a market capitalization of $12.49 billion, a P/E ratio of 29.60 and a beta of 0.57. The firm has a 50-day moving average price of $51.83 and a 200 day moving average price of $50.67. Church & Dwight Company, Inc. has a 52-week low of $42.56 and a 52-week high of $54.18.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The company had revenue of $898 million during the quarter, compared to analyst estimates of $903.87 million. During the same quarter in the previous year, the firm posted $0.85 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. Equities analysts anticipate that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.76 dividend on an annualized basis and a yield of 1.52%. Church & Dwight’s dividend payout ratio (DPR) is presently 44.97%.
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Several equities research analysts have recently weighed in on CHD shares. Zacks Investment Research downgraded Church & Dwight from a “buy” rating to a “hold” rating in a report on Thursday, May 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $63.00 price target (up from $60.00) on shares of Church & Dwight in a report on Tuesday, July 18th. BidaskClub downgraded Church & Dwight from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $45.00 price target on shares of Church & Dwight in a report on Friday, May 5th. Finally, Bank of America Corporation increased their price target on Church & Dwight from $51.00 to $53.00 and gave the stock an “underperform” rating in a report on Monday, July 10th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $51.07.
In other news, EVP Steven P. Cugine sold 177,940 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $50.30, for a total value of $8,950,382.00. Following the sale, the executive vice president now owns 46,348 shares of the company’s stock, valued at approximately $2,331,304.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert D. Leblanc sold 9,718 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total value of $484,345.12. Following the completion of the sale, the director now directly owns 56,497 shares in the company, valued at approximately $2,815,810.48. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
About Church & Dwight
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.
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