WINTON GROUP Ltd grew its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 135.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 299,018 shares of the company’s stock after buying an additional 172,188 shares during the quarter. WINTON GROUP Ltd owned 0.12% of Church & Dwight worth $19,663,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of CHD. Oregon Public Employees Retirement Fund boosted its holdings in Church & Dwight by 15,536.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,184,243 shares of the company’s stock worth $64,000 after purchasing an additional 4,157,484 shares during the last quarter. Morgan Stanley boosted its holdings in Church & Dwight by 425.0% during the third quarter. Morgan Stanley now owns 4,795,962 shares of the company’s stock worth $284,736,000 after purchasing an additional 3,882,426 shares during the last quarter. Capital International Investors boosted its holdings in Church & Dwight by 15.5% during the third quarter. Capital International Investors now owns 8,152,500 shares of the company’s stock worth $484,014,000 after purchasing an additional 1,094,100 shares during the last quarter. Comgest Global Investors S.A.S. boosted its holdings in Church & Dwight by 49.7% during the third quarter. Comgest Global Investors S.A.S. now owns 2,842,200 shares of the company’s stock worth $168,741,000 after purchasing an additional 944,200 shares during the last quarter. Finally, Royal London Asset Management Ltd. purchased a new position in Church & Dwight during the fourth quarter worth about $31,030,000. Hedge funds and other institutional investors own 83.52% of the company’s stock.
In other Church & Dwight news, CAO Steven J. Katz sold 16,780 shares of Church & Dwight stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $64.97, for a total value of $1,090,196.60. Following the sale, the chief accounting officer now owns 37,798 shares of the company’s stock, valued at $2,455,736.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Steven P. Cugine sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $64.39, for a total transaction of $965,850.00. Following the completion of the sale, the executive vice president now directly owns 43,948 shares in the company, valued at approximately $2,829,811.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 218,980 shares of company stock worth $14,528,327. Insiders own 2.00% of the company’s stock.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Tuesday, February 5th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Church & Dwight had a return on equity of 24.80% and a net margin of 13.72%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 EPS. Analysts forecast that Church & Dwight Co., Inc. will post 2.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be given a $0.2275 dividend. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, February 14th. This represents a $0.91 annualized dividend and a yield of 1.42%. Church & Dwight’s payout ratio is currently 38.33%.
Several research analysts recently weighed in on CHD shares. Morgan Stanley set a $58.00 price target on shares of Church & Dwight and gave the stock a “sell” rating in a report on Thursday, December 20th. Zacks Investment Research cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a report on Monday, November 19th. BMO Capital Markets boosted their price target on shares of Church & Dwight from $55.00 to $62.00 and gave the stock a “hold” rating in a report on Friday, November 2nd. Oppenheimer boosted their price target on shares of Church & Dwight from $66.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, November 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Church & Dwight from $58.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $62.09.
Church & Dwight Company Profile
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.
Further Reading: Return On Assets
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