BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 14.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,812 shares of the company’s stock after purchasing an additional 7,999 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Church & Dwight were worth $4,065,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Financial Gravity Companies Inc. bought a new position in Church & Dwight in the 4th quarter valued at $47,000. Patriot Financial Group Insurance Agency LLC raised its position in Church & Dwight by 27.2% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 735 shares of the company’s stock valued at $48,000 after purchasing an additional 157 shares during the last quarter. Whittier Trust Co. raised its position in shares of Church & Dwight by 59.4% during the fourth quarter. Whittier Trust Co. now owns 778 shares of the company’s stock worth $51,000 after acquiring an additional 290 shares during the last quarter. Capital Investment Advisory Services LLC bought a new stake in shares of Church & Dwight during the fourth quarter worth $60,000. Finally, Oregon Public Employees Retirement Fund raised its position in shares of 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 acquiring an additional 4,157,484 shares during the last quarter. Hedge funds and other institutional investors own 81.78% of the company’s stock.
NYSE:CHD opened at $66.93 on Friday. Church & Dwight Co., Inc. has a 1 year low of $44.87 and a 1 year high of $69.49. The company has a quick ratio of 0.52, a current ratio of 0.81 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $16.42 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 3.24 and a beta of 0.22.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 15th were paid a $0.2275 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 1.36%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, February 14th. Church & Dwight’s payout ratio is presently 40.09%.
A number of equities research analysts have recently weighed in on CHD shares. Morgan Stanley set a $58.00 target price on Church & Dwight and gave the stock a “sell” rating in a research report on Thursday, December 20th. Zacks Investment Research downgraded Church & Dwight from a “buy” rating to a “hold” rating in a research report on Monday, November 19th. Credit Suisse Group started coverage on Church & Dwight in a research report on Wednesday, March 6th. They set a “neutral” rating and a $65.00 target price for the company. Deutsche Bank upgraded Church & Dwight from a “sell” rating to a “hold” rating and set a $60.46 target price for the company in a research report on Wednesday, February 6th. Finally, Bank of America restated an “underperform” rating and set a $66.00 target price (up previously from $58.00) on shares of Church & Dwight in a research report on Thursday, December 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $62.23.
In other Church & Dwight news, EVP Maynadier Patrick D. De sold 139,320 shares of the business’s stock in a transaction dated Monday, January 14th. The stock was sold at an average price of $66.72, for a total value of $9,295,430.40. Following the completion of the transaction, the executive vice president now directly owns 40,650 shares of the company’s stock, valued at $2,712,168. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Richard A. Dierker sold 16,880 shares of the business’s stock in a transaction dated Monday, January 7th. The shares were sold at an average price of $66.25, for a total value of $1,118,300.00. Following the completion of the transaction, the vice president now directly owns 18,776 shares of the company’s stock, valued at $1,243,910. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.
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.
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