Watch Point Trust Co lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,510 shares of the company’s stock after selling 200 shares during the quarter. Church & Dwight comprises approximately 3.3% of Watch Point Trust Co’s investment portfolio, making the stock its 3rd largest holding. Watch Point Trust Co’s holdings in Church & Dwight were worth $6,283,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of CHD. 6 Meridian increased its holdings in Church & Dwight by 1.9% in the 2nd quarter. 6 Meridian now owns 7,214 shares of the company’s stock worth $527,000 after buying an additional 136 shares during the period. West Oak Capital LLC increased its holdings in Church & Dwight by 11.9% in the 2nd quarter. West Oak Capital LLC now owns 1,317 shares of the company’s stock worth $96,000 after buying an additional 140 shares during the period. Empire Life Investments Inc. increased its holdings in Church & Dwight by 1.6% in the 2nd quarter. Empire Life Investments Inc. now owns 9,469 shares of the company’s stock worth $691,000 after buying an additional 150 shares during the period. Arabesque Asset Management Ltd increased its holdings in Church & Dwight by 0.5% in the 2nd quarter. Arabesque Asset Management Ltd now owns 34,638 shares of the company’s stock worth $2,531,000 after buying an additional 165 shares during the period. Finally, CWM LLC increased its holdings in Church & Dwight by 71.6% in the 3rd quarter. CWM LLC now owns 405 shares of the company’s stock worth $30,000 after buying an additional 169 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.
In other Church & Dwight news, VP Rick Spann bought 1,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were purchased at an average price of $72.07 per share, for a total transaction of $72,070.00. Following the transaction, the vice president now directly owns 4,973 shares of the company’s stock, valued at approximately $358,404.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Penry W. Price bought 704 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were acquired at an average price of $71.01 per share, for a total transaction of $49,991.04. Following the transaction, the director now directly owns 20,053 shares in the company, valued at $1,423,963.53. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 9,004 shares of company stock worth $641,458 and have sold 90,418 shares worth $7,198,251. 2.00% of the stock is owned by company insiders.
Several equities analysts recently weighed in on the stock. Oppenheimer set a $85.00 price target on shares of Church & Dwight and gave the stock a “buy” rating in a report on Friday, November 1st. Jefferies Financial Group set a $86.00 price target on shares of Church & Dwight and gave the stock a “buy” rating in a report on Friday, September 13th. Stifel Nicolaus set a $70.00 price target on shares of Church & Dwight and gave the stock a “hold” rating in a report on Friday, November 1st. Bank of America upgraded shares of Church & Dwight from a “neutral” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Friday, September 27th. Finally, Citigroup raised shares of Church & Dwight from a “sell” rating to a “neutral” rating and set a $71.00 price objective on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $73.47.
Shares of NYSE CHD traded up $0.39 during midday trading on Friday, reaching $67.58. 1,637,067 shares of the stock were exchanged, compared to its average volume of 1,614,998. The firm has a market cap of $16.51 billion, a price-to-earnings ratio of 29.77, a PEG ratio of 3.09 and a beta of 0.12. Church & Dwight Co., Inc. has a twelve month low of $59.64 and a twelve month high of $80.99. The firm has a 50-day simple moving average of $73.41 and a two-hundred day simple moving average of $74.97. The company has a quick ratio of 0.46, a current ratio of 0.80 and a debt-to-equity ratio of 0.71.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Church & Dwight had a net margin of 14.33% and a return on equity of 24.91%. The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $0.58 EPS. Research analysts expect that Church & Dwight Co., Inc. will post 2.48 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.2275 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.35%. Church & Dwight’s payout ratio is 40.09%.
Church & Dwight Company Profile
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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