Wells Fargo & Company MN trimmed its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 22.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,646,718 shares of the company’s stock after selling 782,241 shares during the period. Wells Fargo & Company MN’s holdings in Church & Dwight were worth $157,136,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of CHD. OppenheimerFunds Inc. increased its stake in Church & Dwight by 80,441.5% during the second quarter. OppenheimerFunds Inc. now owns 5,905,303 shares of the company’s stock valued at $313,926,000 after acquiring an additional 5,897,971 shares during the period. Compass Capital Management Inc. bought a new position in Church & Dwight during the second quarter valued at about $29,544,000. Boston Advisors LLC increased its stake in Church & Dwight by 348.1% during the second quarter. Boston Advisors LLC now owns 622,943 shares of the company’s stock valued at $33,116,000 after acquiring an additional 483,922 shares during the period. Glenmede Trust Co. NA increased its stake in Church & Dwight by 37.1% during the second quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock valued at $94,731,000 after acquiring an additional 482,109 shares during the period. Finally, First Quadrant L P CA bought a new position in Church & Dwight during the second quarter valued at about $23,731,000. Hedge funds and other institutional investors own 85.19% of the company’s stock.
CHD has been the topic of several research reports. ValuEngine upgraded Church & Dwight from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Jefferies Financial Group boosted their price target on Church & Dwight from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, October 29th. Royal Bank of Canada boosted their price target on Church & Dwight to $60.00 and gave the company a “fair value” rating in a research note on Friday, August 3rd. Stifel Nicolaus boosted their price target on Church & Dwight from $48.00 to $52.00 and gave the company a “hold” rating in a research note on Friday, August 3rd. Finally, BMO Capital Markets boosted their price target on Church & Dwight from $47.00 to $55.00 and gave the company a “hold” rating in a research note on Friday, August 3rd. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Church & Dwight currently has a consensus rating of “Hold” and an average price target of $58.88.
CHD stock opened at $65.55 on Friday. Church & Dwight Co., Inc. has a 1-year low of $43.96 and a 1-year high of $67.93. The company has a market capitalization of $16.28 billion, a PE ratio of 33.79, a P/E/G ratio of 2.87 and a beta of 0.31. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.55 and a current ratio of 0.93.
Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. Church & Dwight had a return on equity of 25.00% and a net margin of 20.25%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the company posted $0.49 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. Analysts forecast that Church & Dwight Co., Inc. will post 2.28 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be paid a $0.2175 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.87 annualized dividend and a dividend yield of 1.33%. Church & Dwight’s dividend payout ratio is currently 44.85%.
Church & Dwight 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.
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