Schwab Charles Investment Management Inc. raised its position in Church & Dwight Co., Inc. (NYSE:CHD) by 5.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 911,190 shares of the company’s stock after purchasing an additional 47,862 shares during the period. Schwab Charles Investment Management Inc. owned 0.36% of Church & Dwight worth $45,715,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Sandy Spring Bank lifted its holdings in Church & Dwight by 138.4% in the 3rd quarter. Sandy Spring Bank now owns 2,756 shares of the company’s stock valued at $133,000 after purchasing an additional 1,600 shares in the last quarter. MUFG Americas Holdings Corp purchased a new position in shares of Church & Dwight during the 3rd quarter worth $218,000. North Star Asset Management Inc. raised its holdings in shares of Church & Dwight by 2.0% during the 2nd quarter. North Star Asset Management Inc. now owns 5,010 shares of the company’s stock worth $260,000 after acquiring an additional 100 shares during the period. Keel Point LLC raised its holdings in shares of Church & Dwight by 3.5% during the 2nd quarter. Keel Point LLC now owns 5,284 shares of the company’s stock worth $274,000 after acquiring an additional 177 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Church & Dwight during the 3rd quarter worth $256,000. Institutional investors own 78.62% of the company’s stock.
Several research analysts have recently commented on CHD shares. Deutsche Bank started coverage on Church & Dwight in a report on Wednesday, December 13th. They set a “buy” rating and a $54.00 price target on the stock. Zacks Investment Research upgraded Church & Dwight from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Morgan Stanley reduced their price target on Church & Dwight from $49.00 to $46.00 and set an “underweight” rating on the stock in a report on Friday, November 3rd. Barclays reduced their price target on Church & Dwight from $49.00 to $43.00 and set an “underweight” rating on the stock in a report on Tuesday, November 7th. Finally, BMO Capital Markets reduced their price target on Church & Dwight from $50.00 to $45.00 and set a “market perform” rating on the stock in a report on Monday, November 6th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $51.40.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. Church & Dwight had a return on equity of 24.95% and a net margin of 19.69%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the company earned $0.44 EPS. sell-side analysts expect that Church & Dwight Co., Inc. will post 2.27 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a $0.2175 dividend. This is an increase from Church & Dwight’s previous quarterly dividend of $0.19. This represents a $0.87 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, February 14th. Church & Dwight’s payout ratio is currently 26.03%.
Church & Dwight declared that its board has authorized a stock repurchase plan on Thursday, November 2nd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Church & Dwight Company 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.
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