New York State Teachers Retirement System lowered its stake in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 449,798 shares of the company’s stock after selling 5,084 shares during the quarter. New York State Teachers Retirement System owned about 0.18% of Church & Dwight worth $21,793,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of CHD. Renaissance Technologies LLC increased its holdings in shares of Church & Dwight by 158.9% during the second quarter. Renaissance Technologies LLC now owns 1,791,900 shares of the company’s stock valued at $92,964,000 after acquiring an additional 1,099,670 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Church & Dwight by 48.6% during the second quarter. Franklin Resources Inc. now owns 1,487,434 shares of the company’s stock valued at $77,168,000 after acquiring an additional 486,634 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Church & Dwight during the third quarter valued at about $22,100,000. Parametric Portfolio Associates LLC increased its holdings in shares of Church & Dwight by 67.8% during the second quarter. Parametric Portfolio Associates LLC now owns 1,067,698 shares of the company’s stock valued at $55,392,000 after acquiring an additional 431,389 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Church & Dwight by 1.3% during the second quarter. Vanguard Group Inc. now owns 27,784,350 shares of the company’s stock valued at $1,441,451,000 after acquiring an additional 345,265 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.
Shares of Church & Dwight Company, Inc. (NYSE:CHD) opened at $45.61 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.05 and a quick ratio of 0.70. 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 capitalization of $11,381.60, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 2.66 and a beta of 0.54.
Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The business had revenue of $967.90 million for the quarter, compared to analyst estimates of $937.20 million. Church & Dwight had a return on equity of 24.82% and a net margin of 12.32%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. sell-side analysts forecast that Church & Dwight Company, Inc. will post 1.92 earnings per share for the current year.
Church & Dwight declared that its board has approved a stock buyback plan on Thursday, November 2nd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Tuesday, November 14th. Church & Dwight’s payout ratio is 43.68%.
A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Church & Dwight from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Jefferies Group LLC reiterated a “buy” rating and issued a $63.00 target price (up previously from $60.00) on shares of Church & Dwight in a research report on Tuesday, July 18th. Macquarie assumed coverage on Church & Dwight in a research report on Friday, September 15th. They issued a “neutral” rating and a $52.00 target price on the stock. KeyCorp reiterated a “hold” rating on shares of Church & Dwight in a research report on Friday, August 25th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Church & Dwight in a research report on Wednesday, October 4th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. Church & Dwight presently has a consensus rating of “Hold” and an average target price of $49.49.
In other Church & Dwight news, CFO Richard A. Dierker bought 1,146 shares of Church & Dwight stock in a transaction dated Tuesday, November 7th. The stock was acquired at an average cost of $43.66 per share, with a total value of $50,034.36. Following the purchase, the chief financial officer now directly owns 6,411 shares in the company, valued at approximately $279,904.26. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Matthew Farrell bought 5,000 shares of Church & Dwight stock in a transaction dated Monday, November 6th. The shares were acquired at an average cost of $43.83 per share, with a total value of $219,150.00. Following the completion of the purchase, the chief executive officer now owns 103,685 shares in the company, valued at $4,544,513.55. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 6,546 shares of company stock valued at $288,772. Corporate insiders own 2.00% of the company’s stock.
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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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