Sumitomo Life Insurance Co. raised its stake in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,918 shares of the company’s stock after buying an additional 1,177 shares during the period. Sumitomo Life Insurance Co.’s holdings in Church & Dwight were worth $1,448,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. LaFleur & Godfrey LLC purchased a new stake in shares of Church & Dwight during the first quarter worth approximately $5,696,000. BB&T Securities LLC increased its stake in shares of Church & Dwight by 437.9% in the first quarter. BB&T Securities LLC now owns 280,837 shares of the company’s stock worth $14,005,000 after buying an additional 228,629 shares in the last quarter. Pensionfund DSM Netherlands bought a new position in Church & Dwight during the first quarter valued at approximately $3,197,000. Feltz Wealth PLAN Inc. bought a new position in Church & Dwight during the first quarter valued at approximately $536,000. Finally, Parametrica Management Ltd bought a new position in Church & Dwight during the first quarter valued at approximately $268,000. Hedge funds and other institutional investors own 80.62% of the company’s stock.
Church & Dwight Company, Inc. (CHD) opened at 50.05 on Friday. The firm’s 50-day moving average price is $51.83 and its 200 day moving average price is $50.67. Church & Dwight Company, Inc. has a 12-month low of $42.56 and a 12-month high of $54.18. The company has a market capitalization of $12.49 billion, a price-to-earnings ratio of 29.60 and a beta of 0.57.
Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The business had revenue of $898 million for the quarter, compared to the consensus estimate of $903.87 million. During the same period last year, the firm earned $0.85 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts expect that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.52%. Church & Dwight’s dividend payout ratio (DPR) is presently 44.97%.
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CHD has been the subject of a number of recent analyst reports. Morgan Stanley cut Church & Dwight from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 16th. Zacks Investment Research cut Church & Dwight from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. BidaskClub raised Church & Dwight from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. 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. Finally, Bank of America Corporation lifted their target price on Church & Dwight from $51.00 to $53.00 and gave the company an “underperform” rating in a research note on Monday, July 10th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Church & Dwight has a consensus rating of “Hold” and a consensus price target of $51.07.
In related news, EVP Steven P. Cugine sold 177,940 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.30, for a total transaction of $8,950,382.00. Following the completion of the transaction, the executive vice president now directly owns 46,348 shares of the company’s stock, valued at $2,331,304.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert D. Leblanc sold 9,718 shares of Church & Dwight stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total transaction of $484,345.12. Following the completion of the transaction, the director now directly owns 56,497 shares of the company’s stock, valued at $2,815,810.48. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
Church & Dwight Company Profile
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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