Front Row Advisors LLC decreased its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,065 shares of the company’s stock after selling 314 shares during the quarter. Front Row Advisors LLC’s holdings in Church & Dwight were worth $1,174,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of CHD. First Trust Advisors LP grew its holdings in Church & Dwight by 11.3% in the first quarter. First Trust Advisors LP now owns 480,643 shares of the company’s stock worth $34,236,000 after purchasing an additional 48,922 shares during the period. Advisor Group Inc. grew its holdings in Church & Dwight by 4.2% in the first quarter. Advisor Group Inc. now owns 21,109 shares of the company’s stock worth $1,503,000 after purchasing an additional 851 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of Church & Dwight by 46.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 23,164 shares of the company’s stock valued at $1,650,000 after buying an additional 7,340 shares during the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of Church & Dwight by 1.0% during the first quarter. Xact Kapitalforvaltning AB now owns 44,158 shares of the company’s stock valued at $3,145,000 after buying an additional 426 shares during the last quarter. Finally, Evergreen Capital Management LLC acquired a new position in shares of Church & Dwight during the first quarter valued at about $203,000. 81.29% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on CHD. Oppenheimer reiterated a “buy” rating on shares of Church & Dwight in a report on Tuesday, September 10th. Stifel Nicolaus lifted their price objective on shares of Church & Dwight from $71.00 to $74.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Jefferies Financial Group set a $86.00 price objective on shares of Church & Dwight and gave the company a “buy” rating in a report on Friday, September 13th. Finally, Bank of America upgraded shares of Church & Dwight from a “neutral” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $71.93.
Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.05. Church & Dwight had a net margin of 14.24% and a return on equity of 24.57%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company earned $0.49 earnings per share. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, sell-side analysts predict that Church & Dwight Co., Inc. will post 2.49 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a yield of 1.21%. The ex-dividend date was Wednesday, August 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 40.09%.
In other news, CEO Matthew Farrell purchased 7,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were acquired at an average cost of $71.32 per share, for a total transaction of $499,240.00. Following the completion of the acquisition, the chief executive officer now owns 111,362 shares in the company, valued at $7,942,337.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert D. Leblanc sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $78.34, for a total transaction of $783,400.00. Following the transaction, the director now owns 49,702 shares in the company, valued at $3,893,654.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 8,704 shares of company stock worth $621,301 and have sold 90,418 shares worth $7,198,251. 2.00% of the stock is currently owned by insiders.
About Church & Dwight
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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