ING Groep NV cut its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,227 shares of the company’s stock after selling 252 shares during the quarter. ING Groep NV’s holdings in Church & Dwight were worth $1,417,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Fundsmith LLP acquired a new position in shares of Church & Dwight in the 4th quarter valued at about $491,210,000. WCM Investment Management LLC increased its holdings in shares of Church & Dwight by 81.0% in the 4th quarter. WCM Investment Management LLC now owns 3,442,848 shares of the company’s stock valued at $300,320,000 after purchasing an additional 1,540,259 shares during the period. Stifel Financial Corp increased its holdings in shares of Church & Dwight by 4.6% in the 4th quarter. Stifel Financial Corp now owns 3,081,816 shares of the company’s stock valued at $268,827,000 after purchasing an additional 135,797 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Church & Dwight by 3.2% in the 4th quarter. Wells Fargo & Company MN now owns 2,436,464 shares of the company’s stock valued at $212,533,000 after purchasing an additional 74,744 shares during the period. Finally, Norges Bank acquired a new position in shares of Church & Dwight in the 4th quarter valued at about $204,485,000. 80.57% of the stock is owned by institutional investors.
In other news, CMO Britta Bomhard sold 15,680 shares of the stock in a transaction that occurred on Monday, March 15th. The stock was sold at an average price of $83.55, for a total value of $1,310,064.00. Following the completion of the sale, the chief marketing officer now directly owns 20,963 shares of the company’s stock, valued at $1,751,458.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.00% of the company’s stock.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, April 29th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.81 by $0.02. Church & Dwight had a return on equity of 23.00% and a net margin of 15.63%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, sell-side analysts expect that Church & Dwight Co., Inc. will post 3.03 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 1st. Shareholders of record on Friday, May 14th were issued a dividend of $0.2525 per share. The ex-dividend date of this dividend was Thursday, May 13th. This represents a $1.01 annualized dividend and a yield of 1.19%. Church & Dwight’s dividend payout ratio (DPR) is presently 35.69%.
CHD has been the topic of a number of research reports. Morgan Stanley reiterated an “underweight” rating and issued a $80.00 target price on shares of Church & Dwight in a report on Monday, April 26th. JPMorgan Chase & Co. increased their price objective on Church & Dwight from $79.00 to $80.00 and gave the stock an “underweight” rating in a report on Friday, April 16th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Church & Dwight from $91.00 to $92.00 and gave the stock a “hold” rating in a report on Wednesday, April 21st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $102.43.
Church & Dwight Company Profile
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products in the United States and internationally. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry 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 analgesics 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; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS products; and cold remedy products under the ZICAM brand.
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