Lord Abbett & CO. LLC Purchases Shares of 125,650 Church & Dwight Company, Inc. (NYSE:CHD)

Lord Abbett & CO. LLC bought a new stake in Church & Dwight Company, Inc. (NYSE:CHD) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 125,650 shares of the company’s stock, valued at approximately $6,519,000. Lord Abbett & CO. LLC owned 0.05% of Church & Dwight at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Church & Dwight by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 27,784,350 shares of the company’s stock worth $1,441,451,000 after acquiring an additional 345,265 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Church & Dwight by 1.2% during the 2nd quarter. Bessemer Group Inc. now owns 4,814,253 shares of the company’s stock worth $249,764,000 after acquiring an additional 55,092 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Church & Dwight by 158.9% in the second quarter. Renaissance Technologies LLC now owns 1,791,900 shares of the company’s stock worth $92,964,000 after buying an additional 1,099,670 shares during the period. Congress Asset Management Co. MA boosted its position in shares of Church & Dwight by 9.3% in the second quarter. Congress Asset Management Co. MA now owns 1,503,970 shares of the company’s stock worth $78,026,000 after buying an additional 127,469 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Church & Dwight by 48.6% in the second quarter. Franklin Resources Inc. now owns 1,487,434 shares of the company’s stock worth $77,168,000 after buying an additional 486,634 shares during the period. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Several brokerages have recently commented on CHD. Morgan Stanley decreased their target price on Church & Dwight from $49.00 to $46.00 and set an “underweight” rating for the company in a research report on Friday, November 3rd. Jefferies Group LLC cut their price objective on Church & Dwight from $63.00 to $58.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Macquarie initiated coverage on Church & Dwight in a report on Friday, September 15th. They set a “neutral” rating and a $52.00 target price on the stock. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Church & Dwight in a report on Wednesday, October 4th. Finally, Barclays PLC cut their target price on Church & Dwight from $49.00 to $43.00 and set an “underweight” rating on the stock in a report on Tuesday, November 7th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. Church & Dwight currently has an average rating of “Hold” and a consensus target price of $49.49.

In related news, CFO Richard A. Dierker bought 1,146 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were purchased at an average price of $43.66 per share, for a total transaction of $50,034.36. Following the completion of the transaction, the chief financial officer now directly owns 6,411 shares of the company’s stock, valued at approximately $279,904.26. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Steven J. Katz sold 11,200 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $50.17, for a total transaction of $561,904.00. Following the transaction, the vice president now directly owns 4,458 shares of the company’s stock, valued at approximately $223,657.86. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 6,546 shares of company stock worth $288,772. 2.00% of the stock is owned by insiders.

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Shares of Church & Dwight Company, Inc. (CHD) traded up $0.79 during trading on Tuesday, hitting $45.54. 2,189,600 shares of the company’s stock traded hands, compared to its average volume of 1,694,835. Church & Dwight Company, Inc. has a 52 week low of $42.56 and a 52 week high of $54.18. The company has a market cap of $11,184.16, a PE ratio of 24.06, a price-to-earnings-growth ratio of 2.62 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.08.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. The company had revenue of $967.90 million during the quarter, compared to the consensus estimate of $937.20 million. Church & Dwight had a net margin of 12.32% and a return on equity of 24.82%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 EPS. research analysts forecast that Church & Dwight Company, Inc. will post 1.92 earnings per share for the current fiscal year.

Church & Dwight announced that its board has authorized a stock repurchase plan on Thursday, November 2nd that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.67%. Church & Dwight’s payout ratio is 43.68%.

Church & Dwight Profile

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.

Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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