Comerica Bank reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 10.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,198 shares of the company’s stock after selling 13,820 shares during the period. Comerica Bank’s holdings in Church & Dwight were worth $6,099,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Sandy Spring Bank increased its stake in Church & Dwight by 138.4% in the 3rd quarter. Sandy Spring Bank now owns 2,756 shares of the company’s stock worth $133,000 after purchasing an additional 1,600 shares during the period. Ledyard National Bank increased its stake in Church & Dwight by 176.3% in the 4th quarter. Ledyard National Bank now owns 2,923 shares of the company’s stock worth $147,000 after purchasing an additional 1,865 shares during the period. Hermes Investment Management Ltd. purchased a new position in Church & Dwight in the 4th quarter worth approximately $206,000. MUFG Americas Holdings Corp purchased a new position in Church & Dwight in the 3rd quarter worth approximately $218,000. Finally, North Star Asset Management Inc. increased its stake in Church & Dwight by 2.0% in the 2nd quarter. North Star Asset Management Inc. now owns 5,010 shares of the company’s stock worth $260,000 after purchasing an additional 100 shares during the period. 79.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of Church & Dwight Co., Inc. (NYSE:CHD) opened at $48.56 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.07 and a quick ratio of 0.70. Church & Dwight Co., Inc. has a 1 year low of $43.21 and a 1 year high of $54.18. The firm has a market capitalization of $12,136.36, a P/E ratio of 25.03, a PEG ratio of 2.18 and a beta of 0.45.
Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Monday, February 5th. The company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. Church & Dwight had a return on equity of 24.95% and a net margin of 19.69%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the company posted $0.44 earnings per share. The firm’s revenue was up 15.3% on a year-over-year basis. equities research analysts anticipate that Church & Dwight Co., Inc. will post 2.27 earnings per share for the current year.
Church & Dwight announced that its board has authorized a stock buyback plan on Thursday, November 2nd that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a dividend of $0.2175 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.19. This represents a $0.87 annualized dividend and a dividend yield of 1.79%. Church & Dwight’s payout ratio is currently 26.03%.
CHD has been the topic of a number of analyst reports. Jefferies Group reaffirmed a “buy” rating and issued a $62.00 price target on shares of Church & Dwight in a research note on Thursday, January 4th. Zacks Investment Research raised Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Wednesday, January 3rd. Deutsche Bank assumed coverage on Church & Dwight in a research note on Wednesday, December 13th. They issued a “buy” rating and a $54.00 price target on the stock. Societe Generale upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Wednesday, November 29th. They noted that the move was a valuation call. Finally, Oppenheimer reiterated a “hold” rating on shares of Church & Dwight in a research report on Wednesday, November 8th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $51.40.
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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