Ipswich Investment Management Co. Inc. reduced its position in shares of Church & Dwight Co., Inc. (NYSE: CHD – Get a rating) by 8.4% in the first quarter, Participation channel reports. The company held 15,515 shares of the company after selling 1,419 shares during the quarter. Ipswich Investment Management Co. Inc.’s holdings in Church & Dwight were worth $1,542,000 when it last filed with the SEC.
A number of other major investors have also recently increased or reduced their stakes in the company. Cim LLC increased its stake in Church & Dwight by 3.9% in the 1st quarter. Cim LLC now owns 27,993 shares of the company valued at $2,911,000 after purchasing an additional 1,048 shares in the last quarter. Strategy Asset Managers LLC acquired a new stake in Church & Dwight during Q1 valued at approximately $303,000. US Asset Management LLC acquired a new stake in Church & Dwight during Q1 valued at approximately $36,000. Bradley Foster & Sargent Inc. CT increased its stake in Church & Dwight by 5.1% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 15,421 shares of the company valued at $1,581,000 after purchasing an additional 750 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its stake in Church & Dwight by 11.4% during the 4th quarter. Evergreen Capital Management LLC now owns 3,073 shares of the company valued at $315,000 after buying 314 additional shares in the last quarter. Institutional investors and hedge funds hold 84.81% of the company’s shares.
In other news, Director Bradley C. Irwin sold 7,000 shares of Church & Dwight in a trade that took place on Wednesday, May 11. The shares were sold at an average price of $97.86, for a total transaction of $685,020.00. Following the sale, the administrator now owns 41,636 shares of the company, valued at $4,074,498.96. The transaction was disclosed in an SEC filing, available at this link. Insiders of the company own 1.70% of the shares of the company.
A number of analysts have recently released reports on the stock. JPMorgan Chase & Co. lowered its price target on shares of Church & Dwight from $87.00 to $85.00 and set an “underweight” rating on the stock in a Wednesday, March 30 report. Wells Fargo & Company raised its price target on Church & Dwight shares from $95.00 to $100.00 and gave the company an “overweight” rating in a Tuesday, June 28 report. Morgan Stanley raised its price target on Church & Dwight shares from $80.00 to $86.00 and gave the company an “underweight” rating in a Tuesday, April 12 report. StockNews.com began covering Church & Dwight shares in a report on Thursday, March 31. They issued a “holding” rating on the stock. Finally, Goldman Sachs Group lowered its price target on Church & Dwight shares from $105.00 to $101.00 in a Tuesday, March 29 report. Five investment analysts gave the stock a sell rating, five gave the stock a hold rating and four gave the stock a buy rating. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $98.42.
NYSE CHD opened at $94.97 on Wednesday. Church & Dwight Co., Inc. has a 12-month low of $80.34 and a 12-month high of $105.28. The stock has a market capitalization of $23.06 billion, a price/earnings ratio of 29.13, a PEG ratio of 3.73 and a beta of 0.39. The company’s 50-day moving average is $91.36 and its two-hundred-day moving average is $97.15. The company has a current ratio of 0.65, a quick ratio of 0.33 and a debt ratio of 0.47.
Church and Dwight (NYSE: CHD – Get a rating) last released its results on Thursday, April 28. The company reported 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 for the quarter, versus $1.29 billion expected by analysts. Church & Dwight had a net margin of 15.46% and a return on equity of 22.29%. The company’s revenue increased by 4.7% compared to the same quarter last year. In the same quarter last year, the company achieved EPS of $0.83. Sell-side analysts expect Church & Dwight Co., Inc. to post EPS of 3.15 for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1. Shareholders of record on Monday, May 16 received a dividend of $0.2625 per share. This represents an annualized dividend of $1.05 and a dividend yield of 1.11%. The ex-dividend date was Friday, May 13. Church & Dwight’s payout ratio is currently 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 showerheads 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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