Gabelli Funds LLC decreased its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,650 shares of the company’s stock after selling 1,750 shares during the quarter. Gabelli Funds LLC owned approximately 0.10% of Church & Dwight worth $15,119,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC grew its holdings in Church & Dwight by 24.0% in the 2nd quarter. Global Retirement Partners LLC now owns 9,124 shares of the company’s stock valued at $485,000 after buying an additional 1,765 shares during the period. Glenmede Trust Co. NA grew its holdings in Church & Dwight by 37.1% in the 2nd quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock valued at $94,731,000 after buying an additional 482,109 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in Church & Dwight by 51.8% in the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 13,041 shares of the company’s stock valued at $774,000 after buying an additional 4,450 shares during the period. Castleark Management LLC purchased a new stake in Church & Dwight in the 2nd quarter valued at about $320,000. Finally, Centaurus Financial Inc. purchased a new stake in Church & Dwight in the 2nd quarter valued at about $164,000. Institutional investors own 85.19% of the company’s stock.
Several analysts have commented on the company. Oppenheimer lifted their price target on Church & Dwight from $66.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank of Canada boosted their target price on Church & Dwight to $60.00 and gave the stock a “fair value” rating in a report on Friday, August 3rd. BMO Capital Markets boosted their target price on Church & Dwight from $55.00 to $62.00 and gave the stock a “hold” rating in a report on Friday, November 2nd. Barclays set a $54.00 target price on Church & Dwight and gave the stock a “sell” rating in a report on Saturday, November 3rd. Finally, UBS Group started coverage on Church & Dwight in a report on Thursday, July 19th. They set a “neutral” rating and a $57.00 target price for the company. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $58.88.
Shares of NYSE:CHD opened at $65.55 on Friday. The stock has a market cap of $16.28 billion, a PE ratio of 29.78, a PEG ratio of 2.87 and a beta of 0.31. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.93 and a quick ratio of 0.55. Church & Dwight Co., Inc. has a 1 year low of $43.96 and a 1 year high of $67.93.
Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.54 by $0.04. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Church & Dwight had a return on equity of 25.00% and a net margin of 20.25%. Church & Dwight’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. As a group, sell-side analysts forecast that Church & Dwight Co., Inc. will post 2.28 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be given a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Wednesday, November 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 44.85%.
In related news, Director Robert D. Leblanc sold 17,544 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $55.90, for a total transaction of $980,709.60. Following the transaction, the director now directly owns 66,903 shares of the company’s stock, valued at approximately $3,739,877.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Craigie sold 300,000 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $66.43, for a total value of $19,929,000.00. Following the transaction, the director now directly owns 327,577 shares in the company, valued at $21,760,940.11. The disclosure for this sale can be found here. Insiders have sold a total of 650,082 shares of company stock worth $39,909,666 over the last three months. 2.00% of the stock is currently owned by corporate insiders.
About Church & Dwight
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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