Wade G W & Inc. purchased a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,223 shares of the company’s stock, valued at approximately $208,000.
A number of other institutional investors have also recently added to or reduced their stakes in CHD. Norway Savings Bank bought a new stake in Church & Dwight in the 3rd quarter valued at $28,000. Freestone Capital Holdings LLC bought a new position in shares of Church & Dwight during the third quarter valued at $34,000. Newfound Research LLC bought a new position in Church & Dwight in the third quarter valued at about $35,000. Keebeck Wealth Management LLC bought a new position in Church & Dwight in the second quarter valued at about $50,000. Finally, Lindbrook Capital LLC lifted its holdings in Church & Dwight by 63.4% in the third quarter. Lindbrook Capital LLC now owns 660 shares of the company’s stock valued at $62,000 after acquiring an additional 256 shares during the period. 81.32% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the company. Jefferies Financial Group increased their target price on Church & Dwight from $86.00 to $111.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Oppenheimer reissued a “buy” rating and issued a $105.00 target price on shares of Church & Dwight in a report on Thursday, October 22nd. Morgan Stanley increased their target price on Church & Dwight from $89.00 to $97.00 and gave the company an “equal weight” rating in a report on Tuesday, October 13th. Credit Suisse Group increased their target price on Church & Dwight from $97.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Church & Dwight from $78.00 to $89.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. Church & Dwight currently has a consensus rating of “Hold” and a consensus target price of $95.13.
Church & Dwight stock opened at $87.97 on Tuesday. The firm has a 50 day simple moving average of $90.85 and a 200-day simple moving average of $85.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.49 and a quick ratio of 0.97. The stock has a market capitalization of $21.86 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 3.49 and a beta of 0.42. Church & Dwight Co., Inc. has a 12-month low of $47.98 and a 12-month high of $98.96.
Church & Dwight (NYSE:CHD) last released its earnings results on Thursday, October 29th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. Church & Dwight had a net margin of 16.44% and a return on equity of 24.49%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business earned $0.62 earnings per share. The business’s quarterly revenue was up 13.9% on a year-over-year basis. On average, analysts forecast that Church & Dwight Co., Inc. will post 2.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Friday, November 13th. Church & Dwight’s dividend payout ratio is presently 38.87%.
In other Church & Dwight news, EVP Maynadier Patrick D. De sold 9,640 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $96.70, for a total transaction of $932,188.00. Following the sale, the executive vice president now owns 19,965 shares in the company, valued at approximately $1,930,615.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Matthew Farrell sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $86.13, for a total value of $2,153,250.00. Following the sale, the chief executive officer now owns 136,640 shares in the company, valued at approximately $11,768,803.20. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
Church & Dwight Profile
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 deodorization, 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; and hair removal products under the FLAWLESS brand.
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