Diversified Trust Co. reduced its holdings of shares of Church & Dwight Co., Inc. (NYSE: CHD – Get a rating) by 24.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor held 4,439 shares of the company after selling 1,425 shares during the period. Diversified Trust Co’s holdings in Church & Dwight were worth $441,000 when it last filed with the Securities and Exchange Commission (SEC).
Several other large investors also changed their positions in CHD. Allspring Global Investments Holdings LLC purchased a new position in shares of Church & Dwight during Q4, valued at approximately $400,010,000. Norges Bank bought a new position in shares of Church & Dwight during Q4, valued at approximately $203,912,000. Massachusetts Financial Services Co. MA increased its position in shares of Church & Dwight by 35.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,087,707 shares of the company valued at $623,990,000 after purchasing an additional 1,596,506 shares last quarter. Fundsmith LLP increased its position in shares of Church & Dwight by 5.8% during the fourth quarter. Fundsmith LLP now owns 11,658,319 shares of the company valued at $1,194,978,000 after purchasing an additional 635,823 shares last quarter. Finally, BlackRock Inc. raised its position in Church & Dwight shares by 2.8% during the 4th quarter. BlackRock Inc. now owns 19,102,645 shares of the company valued at $1,958,022,000 after purchasing an additional 514,589 shares last quarter. Hedge funds and other institutional investors own 84.81% of the company’s shares.
In related news, the director Bradley C. Irwin sold 7,000 shares of the company in a trade dated Wednesday, May 11. The stock was sold at an average price of $97.86, for a total transaction of $685,020.00. Following completion of the transaction, the administrator now directly owns 41,636 shares of the company, valued at approximately $4,074,498.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. 1.70% of the shares are currently held by insiders of the company.
A number of research analysts have recently published reports on CHD stocks. JPMorgan Chase & Co. lowered its price target on Church & Dwight from $87.00 to $85.00 and set an “underweight” rating on the stock in a Wednesday, March 30 research report. Barclays reduced its price target on Church & Dwight from $81.00 to $77.00 and set an “underweight” rating for the company in a Monday May 23 research note. Morgan Stanley raised its price target on Church & Dwight from $80.00 to $86.00 and gave the company an “underweight” rating in a Tuesday, April 12 research note. Atlantic Securities downgraded Church & Dwight from a “neutral” rating to an “underweight” rating and set a price target of $80.00 for the company. in a research note from Wednesday, March 2. Finally, Goldman Sachs Group reduced its price target on Church & Dwight from $105.00 to $101.00 in a Tuesday, March 29 research note. Five analysts gave the stock a sell rating, five gave the company a hold rating and four gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $98.00.
Shares of NYSE: CHD opened at $90.67 on Friday. The company has a 50-day moving average price of $92.93 and a 200-day moving average price of $97.38. The company has a current ratio of 0.65, a quick ratio of 0.33 and a debt ratio of 0.47. The company has a market capitalization of $22.01 billion, a price-earnings ratio of 27.81, a PEG ratio of 3.40 and a beta of 0.43. Church & Dwight Co., Inc. has a 12-month low of $80.34 and a 12-month high of $105.28.
Church and Dwight (NYSE: CHD – Get a rating) last released its quarterly earnings data on Thursday, April 28. The company reported earnings per share (EPS) of $0.83 for the quarter, beating analyst consensus estimates of $0.76 by $0.07. The company posted revenue of $1.30 billion in the quarter, versus a consensus estimate of $1.29 billion. Church & Dwight had a return on equity of 22.29% and a net margin of 15.46%. The company’s quarterly revenue increased 4.7% year over year. During the same period last year, the company achieved EPS of $0.83. As a group, equity research analysts expect Church & Dwight Co., Inc. to post earnings per share of 3.15 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1. Investors of record on Monday, May 16 received a dividend of $0.2625 per share. This represents a dividend of $1.05 on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Friday, May 13. Church & Dwight’s payout ratio is 32.21%.
Profile of Church and Dwight (Get a rating)
Church & Dwight Co, Inc develops, manufactures and markets household, personal care and specialty products. It operates through three segments: Consumer Domestic, Consumer International and Specialty Products Division. The company offers cat litter, carpet deodorizers, laundry detergents and baking soda, as well as other baking soda products under the ARM & HAMMER brand; condoms, lubricants and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the trade mark SPINBRUSH; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gel food supplements under the L’IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement shower heads under the WATERPIK brand; IMPECCABLE products; shortening and cold relief products under the ZICAM brand; and oral care products under the THERABREATH brand.
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