Los Angeles Capital Management & Equity Research Inc. trimmed its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 289,936 shares of the company’s stock after selling 6,890 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.12% of Church & Dwight worth $17,214,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. WINTON GROUP Ltd boosted its stake in shares of Church & Dwight by 2,878.6% in the 3rd quarter. WINTON GROUP Ltd now owns 126,830 shares of the company’s stock valued at $7,530,000 after buying an additional 122,572 shares during the period. Zions Bancorporation purchased a new position in shares of Church & Dwight in the 3rd quarter valued at about $258,000. Garrison Bradford & Associates Inc. purchased a new position in shares of Church & Dwight in the 3rd quarter valued at about $214,000. Copeland Capital Management LLC boosted its stake in shares of Church & Dwight by 0.3% in the 3rd quarter. Copeland Capital Management LLC now owns 331,955 shares of the company’s stock valued at $19,708,000 after buying an additional 1,148 shares during the period. Finally, Private Advisor Group LLC boosted its stake in shares of Church & Dwight by 45.4% in the 3rd quarter. Private Advisor Group LLC now owns 33,538 shares of the company’s stock valued at $1,991,000 after buying an additional 10,475 shares during the period. 85.19% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently issued reports on CHD. Oppenheimer lifted their price objective on Church & Dwight from $66.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday. Royal Bank of Canada lifted their price objective on Church & Dwight to $60.00 and gave the company a “fair value” rating in a research note on Friday, August 3rd. BMO Capital Markets lifted their price objective on Church & Dwight from $55.00 to $62.00 and gave the company a “hold” rating in a research note on Friday, November 2nd. Barclays set a $54.00 price objective on Church & Dwight and gave the company a “sell” rating in a research note on Saturday, November 3rd. Finally, UBS Group began coverage on Church & Dwight in a research note on Thursday, July 19th. They issued a “neutral” rating and a $57.00 price objective for the company. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $58.88.
In other Church & Dwight news, Director Robert D. Leblanc sold 17,544 shares of Church & Dwight 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 owns 66,903 shares of the company’s stock, valued at $3,739,877.70. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James Craigie sold 300,000 shares of Church & Dwight 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 approximately $21,760,940.11. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 650,082 shares of company stock valued at $39,909,666. 2.00% of the stock is owned by company insiders.
CHD stock opened at $65.55 on Friday. The company has a market cap of $16.28 billion, a P/E ratio of 33.79, a price-to-earnings-growth ratio of 2.87 and a beta of 0.31. Church & Dwight Co., Inc. has a fifty-two week low of $43.96 and a fifty-two week high of $67.93. 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 (NYSE:CHD) last posted its earnings results on Thursday, November 1st. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.04. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Church & Dwight had a return on equity of 25.00% and a net margin of 20.25%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. As a group, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 2.28 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be paid 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 payout ratio is 44.85%.
Church & Dwight Company Profile
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.
Receive News & Ratings for Church & Dwight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Church & Dwight and related companies with MarketBeat.com's FREE daily email newsletter.