State Treasurer State of Michigan lowered its position in Church & Dwight Co., Inc. (NYSE:CHD) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,524 shares of the company’s stock after selling 2,600 shares during the period. State Treasurer State of Michigan’s holdings in Church & Dwight were worth $4,638,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc raised its position in shares of Church & Dwight by 0.7% in the third quarter. Vanguard Group Inc now owns 27,786,142 shares of the company’s stock worth $1,649,662,000 after acquiring an additional 185,775 shares during the period. BlackRock Inc. raised its position in shares of Church & Dwight by 2.4% in the third quarter. BlackRock Inc. now owns 19,158,432 shares of the company’s stock worth $1,137,435,000 after acquiring an additional 445,109 shares during the period. Capital International Investors raised its position in shares of Church & Dwight by 15.5% in the third quarter. Capital International Investors now owns 8,152,500 shares of the company’s stock worth $484,014,000 after acquiring an additional 1,094,100 shares during the period. Bessemer Group Inc. raised its position in shares of Church & Dwight by 0.6% in the third quarter. Bessemer Group Inc. now owns 4,921,098 shares of the company’s stock worth $292,167,000 after acquiring an additional 28,930 shares during the period. Finally, Morgan Stanley raised its position in shares of Church & Dwight by 425.0% in the third quarter. Morgan Stanley now owns 4,795,962 shares of the company’s stock worth $284,736,000 after acquiring an additional 3,882,426 shares during the period. Institutional investors and hedge funds own 82.02% of the company’s stock.
In related news, CAO Steven J. Katz sold 16,780 shares of the company’s stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $64.97, for a total transaction of $1,090,196.60. Following the completion of the sale, the chief accounting officer now owns 37,798 shares of the company’s stock, valued at approximately $2,455,736.06. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Steven P. Cugine sold 15,000 shares of the company’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $64.39, for a total transaction of $965,850.00. Following the sale, the executive vice president now directly owns 43,948 shares of the company’s stock, valued at approximately $2,829,811.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 218,980 shares of company stock valued at $14,528,327. 2.00% of the stock is owned by corporate insiders.
A number of research firms have recently commented on CHD. Zacks Investment Research cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a research note on Friday. Barclays set a $54.00 target price on shares of Church & Dwight and gave the stock a “sell” rating in a research note on Saturday, November 3rd. Goldman Sachs Group raised shares of Church & Dwight from a “sell” rating to a “neutral” rating and set a $61.00 target price for the company in a research note on Tuesday. Oppenheimer reissued an “outperform” rating and set a $73.00 target price on shares of Church & Dwight in a research note on Wednesday. Finally, Bank of America reissued an “underperform” rating and set a $66.00 target price (up previously from $58.00) on shares of Church & Dwight in a research note on Thursday, December 6th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. Church & Dwight has an average rating of “Hold” and an average price target of $62.09.
CHD stock opened at $63.34 on Friday. The stock has a market cap of $15.60 billion, a PE ratio of 27.90, a P/E/G ratio of 2.79 and a beta of 0.24. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.81 and a quick ratio of 0.55. Church & Dwight Co., Inc. has a 52 week low of $44.87 and a 52 week high of $69.49.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Tuesday, February 5th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). Church & Dwight had a net margin of 13.72% and a return on equity of 24.80%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the company posted $0.52 EPS. The firm’s revenue was up 4.0% on a year-over-year basis. As a group, equities analysts anticipate that Church & Dwight Co., Inc. will post 2.46 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be paid a dividend of $0.2275 per share. This represents a $0.91 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Thursday, February 14th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.22. Church & Dwight’s dividend payout ratio is currently 38.33%.
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About Church & Dwight
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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