Aberdeen Asset Management PLC UK lowered its holdings in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 341,816 shares of the company’s stock after selling 13,165 shares during the quarter. Aberdeen Asset Management PLC UK owned approximately 0.14% of Church & Dwight worth $17,734,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in CHD. Tredje AP fonden purchased a new stake in shares of Church & Dwight during the second quarter worth about $140,000. Westside Investment Management Inc. purchased a new stake in shares of Church & Dwight during the first quarter worth about $149,000. Parallel Advisors LLC grew its position in shares of Church & Dwight by 53.5% during the first quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock worth $161,000 after purchasing an additional 1,150 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Church & Dwight by 8.2% during the first quarter. Van ECK Associates Corp now owns 3,803 shares of the company’s stock worth $190,000 after purchasing an additional 288 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Church & Dwight during the second quarter worth about $203,000. Hedge funds and other institutional investors own 79.65% of the company’s stock.
Several analysts recently issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and set a $63.00 target price (up previously from $60.00) on shares of Church & Dwight in a research report on Tuesday, July 18th. BMO Capital Markets set a $50.00 target price on Church & Dwight and gave the stock a “hold” rating in a research report on Monday, July 17th. UBS AG reiterated a “sell” rating and set a $48.00 target price (up previously from $46.00) on shares of Church & Dwight in a research report on Tuesday, July 18th. Zacks Investment Research cut Church & Dwight from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, BidaskClub upgraded Church & Dwight from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $51.07.
Church & Dwight Company, Inc. (NYSE:CHD) opened at 49.62 on Tuesday. The company has a market capitalization of $12.38 billion, a price-to-earnings ratio of 29.34 and a beta of 0.60. Church & Dwight Company, Inc. has a 52 week low of $42.56 and a 52 week high of $54.18. The company’s 50-day moving average price is $50.75 and its 200-day moving average price is $50.95.
Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The company had revenue of $898 million during the quarter, compared to analyst estimates of $903.87 million. During the same period in the previous year, the business earned $0.85 EPS. Church & Dwight’s quarterly revenue was up 2.3% on a year-over-year basis. Equities analysts forecast that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were paid a dividend of $0.19 per share. The ex-dividend date was Friday, August 11th. This represents a $0.76 annualized dividend and a yield of 1.53%. Church & Dwight’s dividend payout ratio (DPR) is currently 44.97%.
In other Church & Dwight news, EVP Steven P. Cugine sold 177,940 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $50.30, for a total transaction of $8,950,382.00. Following the completion of the sale, the executive vice president now directly owns 46,348 shares in the company, valued at approximately $2,331,304.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert D. Leblanc sold 9,718 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total value of $484,345.12. Following the sale, the director now owns 56,497 shares of the company’s stock, valued at $2,815,810.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 198,858 shares of company stock valued at $9,996,631. 2.00% of the stock is owned by company insiders.
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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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