Carnegie Capital Asset Management LLC lifted its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,742 shares of the company’s stock after purchasing an additional 551 shares during the quarter. Carnegie Capital Asset Management LLC owned about 0.07% of Church & Dwight worth $12,019,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in CHD. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Church & Dwight by 45.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 412,431 shares of the company’s stock worth $30,132,000 after acquiring an additional 129,350 shares during the period. Bank of Montreal Can grew its stake in Church & Dwight by 46.9% in the second quarter. Bank of Montreal Can now owns 381,895 shares of the company’s stock valued at $27,900,000 after purchasing an additional 121,871 shares in the last quarter. GAM Holding AG increased its position in shares of Church & Dwight by 3.8% during the 2nd quarter. GAM Holding AG now owns 199,120 shares of the company’s stock worth $14,548,000 after purchasing an additional 7,239 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Church & Dwight by 4.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 9,594 shares of the company’s stock worth $701,000 after purchasing an additional 450 shares during the last quarter. Finally, Sigma Planning Corp increased its position in shares of Church & Dwight by 24.3% during the 2nd quarter. Sigma Planning Corp now owns 10,472 shares of the company’s stock worth $765,000 after purchasing an additional 2,047 shares during the last quarter. Institutional investors and hedge funds own 81.15% of the company’s stock.
CHD traded up $0.88 on Thursday, reaching $69.49. The company had a trading volume of 1,199,354 shares, compared to its average volume of 1,621,065. The stock has a market cap of $17.18 billion, a P/E ratio of 30.61, a P/E/G ratio of 3.22 and a beta of 0.10. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.46 and a current ratio of 0.80. Church & Dwight Co., Inc. has a fifty-two week low of $59.64 and a fifty-two week high of $80.99. The company’s fifty day moving average is $69.09 and its 200 day moving average is $74.02.
Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.05. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Church & Dwight had a return on equity of 24.91% and a net margin of 14.33%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $0.58 EPS. On average, sell-side analysts expect that Church & Dwight Co., Inc. will post 2.48 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $0.2275 per share. This represents a $0.91 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Thursday, November 14th. Church & Dwight’s dividend payout ratio is 40.09%.
In other Church & Dwight news, Director James Craigie sold 19,400 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $69.87, for a total value of $1,355,478.00. Following the completion of the sale, the director now owns 29,206 shares of the company’s stock, valued at approximately $2,040,623.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by insiders.
Several equities research analysts have recently commented on the company. Barclays reissued a “sell” rating and issued a $62.00 price objective on shares of Church & Dwight in a report on Sunday, November 3rd. Citigroup raised shares of Church & Dwight from a “sell” rating to a “neutral” rating and set a $71.00 price target on the stock in a research report on Friday, November 1st. Stifel Nicolaus set a $70.00 price target on shares of Church & Dwight and gave the company a “hold” rating in a research note on Friday, November 1st. Oppenheimer set a $85.00 price objective on shares of Church & Dwight and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Bank of America dropped their target price on shares of Church & Dwight from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $73.00.
Church & Dwight Company 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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