Copeland Capital Management LLC reduced its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 12.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 185,776 shares of the company’s stock after selling 26,928 shares during the period. Copeland Capital Management LLC owned about 0.08% of Church & Dwight worth $13,978,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of CHD. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Church & Dwight during the 3rd quarter valued at $68,000. Balasa Dinverno & Foltz LLC bought a new stake in Church & Dwight during the 3rd quarter valued at $201,000. Ropes Wealth Advisors LLC raised its position in Church & Dwight by 9.0% during the 3rd quarter. Ropes Wealth Advisors LLC now owns 2,929 shares of the company’s stock valued at $220,000 after purchasing an additional 243 shares in the last quarter. Penobscot Investment Management Company Inc. raised its position in Church & Dwight by 0.9% during the 3rd quarter. Penobscot Investment Management Company Inc. now owns 76,905 shares of the company’s stock valued at $5,786,000 after purchasing an additional 660 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in Church & Dwight by 22.7% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 5,400 shares of the company’s stock valued at $406,000 after purchasing an additional 1,000 shares in the last quarter. 81.52% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Steven P. Cugine sold 22,200 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $79.89, for a total transaction of $1,773,558.00. Following the transaction, the executive vice president now directly owns 46,466 shares in the company, valued at approximately $3,712,168.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Maynadier Patrick D. De sold 37,500 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $80.00, for a total value of $3,000,000.00. Following the transaction, the executive vice president now owns 47,231 shares in the company, valued at $3,778,480. The disclosure for this sale can be found here. Over the last quarter, insiders bought 9,004 shares of company stock worth $641,458 and sold 80,418 shares worth $6,414,851. Company insiders own 2.00% of the company’s stock.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.05. Church & Dwight had a return on equity of 24.91% and a net margin of 14.33%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the business posted $0.58 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. Research analysts predict that Church & Dwight Co., Inc. will post 2.48 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $0.2275 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.35%. Church & Dwight’s dividend payout ratio is presently 40.09%.
A number of equities research analysts have weighed in on the company. Jefferies Financial Group set a $86.00 target price on Church & Dwight and gave the company a “buy” rating in a research report on Friday, September 13th. Bank of America raised Church & Dwight from a “neutral” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Friday, September 27th. ValuEngine lowered Church & Dwight from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley set a $70.00 target price on Church & Dwight and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, Barclays reaffirmed a “sell” rating and set a $62.00 target price on shares of Church & Dwight in a research report on Sunday, November 3rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $73.47.
Church & Dwight 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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