New England Research & Management Inc. lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 106,700 shares of the company’s stock after selling 2,900 shares during the period. Church & Dwight makes up approximately 3.8% of New England Research & Management Inc.’s holdings, making the stock its biggest position. New England Research & Management Inc.’s holdings in Church & Dwight were worth $5,353,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC lifted its stake in Church & Dwight by 5.6% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,032 shares of the company’s stock valued at $106,000 after acquiring an additional 108 shares during the period. Tredje AP fonden bought a new position in Church & Dwight during the 2nd quarter valued at about $140,000. Sandy Spring Bank lifted its stake in Church & Dwight by 138.4% during the 3rd quarter. Sandy Spring Bank now owns 2,756 shares of the company’s stock valued at $133,000 after acquiring an additional 1,600 shares during the period. Acrospire Investment Management LLC lifted its stake in Church & Dwight by 274.8% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,137 shares of the company’s stock valued at $163,000 after acquiring an additional 2,300 shares during the period. Finally, Courier Capital LLC bought a new position in Church & Dwight during the 2nd quarter valued at about $213,000. Institutional investors and hedge funds own 79.87% of the company’s stock.
Church & Dwight Co., Inc. (CHD) traded up $0.37 during midday trading on Tuesday, reaching $50.44. 1,351,800 shares of the company’s stock were exchanged, compared to its average volume of 2,183,720. Church & Dwight Co., Inc. has a 12 month low of $43.21 and a 12 month high of $54.18. The company has a market cap of $12,630.00, a PE ratio of 28.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.56. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 1.05.
Church & Dwight announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 2nd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
In other news, CEO Matthew Farrell bought 5,000 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were bought at an average price of $43.83 per share, for a total transaction of $219,150.00. Following the purchase, the chief executive officer now owns 103,685 shares in the company, valued at $4,544,513.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard A. Dierker bought 1,146 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were purchased at an average price of $43.66 per share, for a total transaction of $50,034.36. Following the purchase, the chief financial officer now owns 6,411 shares in the company, valued at approximately $279,904.26. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by company insiders.
Several equities analysts have issued reports on CHD shares. Macquarie started coverage on shares of Church & Dwight in a research note on Friday, September 15th. They set a “neutral” rating and a $52.00 target price on the stock. Zacks Investment Research cut shares of Church & Dwight from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Goldman Sachs Group reiterated a “sell” rating on shares of Church & Dwight in a research note on Wednesday, October 4th. KeyCorp reiterated a “hold” rating on shares of Church & Dwight in a research note on Monday, October 16th. Finally, Jefferies Group lowered their price objective on shares of Church & Dwight from $63.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $50.70.
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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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