First Trust Advisors LP lessened its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 70.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,283 shares of the company’s stock after selling 149,334 shares during the period. First Trust Advisors LP’s holdings in Church & Dwight were worth $3,175,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Ledyard National Bank grew its stake in Church & Dwight by 176.3% during the 4th quarter. Ledyard National Bank now owns 2,923 shares of the company’s stock valued at $147,000 after acquiring an additional 1,865 shares in the last quarter. Hermes Investment Management Ltd. purchased a new stake in Church & Dwight during the 4th quarter valued at about $206,000. MUFG Americas Holdings Corp purchased a new stake in Church & Dwight during the 3rd quarter valued at about $218,000. Delaney Dennis R purchased a new stake in Church & Dwight during the 4th quarter valued at about $241,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in Church & Dwight in the 3rd quarter valued at about $256,000. 83.64% of the stock is owned by institutional investors.
Several equities analysts have weighed in on CHD shares. Zacks Investment Research upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a report on Tuesday, January 9th. Jefferies Group reiterated a “buy” rating and issued a $62.00 target price on shares of Church & Dwight in a report on Thursday, January 4th. Deutsche Bank started coverage on shares of Church & Dwight in a report on Wednesday, December 13th. They issued a “buy” rating and a $54.00 target price on the stock. Societe Generale upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Wednesday, November 29th. They noted that the move was a valuation call. Finally, Stifel Nicolaus boosted their target price on shares of Church & Dwight from $46.00 to $48.00 and gave the company a “hold” rating in a report on Tuesday, February 6th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $51.40.
Church & Dwight Co., Inc. (NYSE:CHD) opened at $50.74 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.07 and a debt-to-equity ratio of 0.95. Church & Dwight Co., Inc. has a fifty-two week low of $43.21 and a fifty-two week high of $54.18. The company has a market cap of $12,333.73, a P/E ratio of 26.06, a PEG ratio of 2.16 and a beta of 0.43.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. Church & Dwight had a net margin of 19.69% and a return on equity of 24.95%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the prior year, the business posted $0.44 EPS. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. research analysts anticipate that Church & Dwight Co., Inc. will post 2.26 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th were issued a $0.2175 dividend. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.19. This represents a $0.87 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Wednesday, February 14th. Church & Dwight’s dividend payout ratio is currently 29.79%.
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About Church & Dwight
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.
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