6,400 Shares in Church & Dwight Company, Inc. (CHD) Purchased by HM Payson & Co.
HM Payson & Co. purchased a new stake in Church & Dwight Company, Inc. (NYSE:CHD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,400 shares of the company’s stock, valued at approximately $310,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westpac Banking Corp grew its position in shares of Church & Dwight by 636.4% in the 3rd quarter. Westpac Banking Corp now owns 115,863 shares of the company’s stock valued at $5,614,000 after buying an additional 100,129 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of Church & Dwight by 4.0% in the 2nd quarter. Sterling Capital Management LLC now owns 7,070 shares of the company’s stock valued at $367,000 after purchasing an additional 270 shares during the period. Huntington National Bank lifted its stake in shares of Church & Dwight by 3.1% in the 3rd quarter. Huntington National Bank now owns 726,553 shares of the company’s stock valued at $35,202,000 after purchasing an additional 21,739 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Church & Dwight by 2.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 832,247 shares of the company’s stock valued at $43,177,000 after purchasing an additional 21,399 shares during the period. Finally, Koch Industries Inc. acquired a new position in shares of Church & Dwight in the 2nd quarter valued at about $271,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.
In related news, CFO Richard A. Dierker acquired 1,146 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was purchased at an average cost of $43.66 per share, with a total value of $50,034.36. Following the acquisition, the chief financial officer now owns 6,411 shares of the company’s stock, valued at approximately $279,904.26. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Steven J. Katz sold 11,200 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $50.17, for a total value of $561,904.00. Following the sale, the vice president now directly owns 4,458 shares of the company’s stock, valued at $223,657.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 6,546 shares of company stock worth $288,772. 2.00% of the stock is owned by company insiders.
Church & Dwight Company, Inc. (NYSE CHD) traded up $0.75 during mid-day trading on Monday, reaching $44.75. The company had a trading volume of 3,618,800 shares, compared to its average volume of 1,692,565. Church & Dwight Company, Inc. has a fifty-two week low of $42.56 and a fifty-two week high of $54.18. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. The firm has a market cap of $11,184.16, a P/E ratio of 24.06, a P/E/G ratio of 2.62 and a beta of 0.54.
Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Church & Dwight had a return on equity of 24.82% and a net margin of 12.32%. The business had revenue of $967.90 million for the quarter, compared to the consensus estimate of $937.20 million. During the same period in the prior year, the business earned $0.47 EPS. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. equities analysts predict that Church & Dwight Company, Inc. will post 1.92 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Tuesday, November 14th. Church & Dwight’s dividend payout ratio (DPR) is currently 43.68%.
Church & Dwight announced that its Board of Directors has approved a share repurchase program on Thursday, November 2nd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
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A number of brokerages have recently issued reports on CHD. Morgan Stanley dropped their price objective on Church & Dwight from $49.00 to $46.00 and set an “underweight” rating on the stock in a research note on Friday, November 3rd. Jefferies Group LLC dropped their price objective on Church & Dwight from $63.00 to $58.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Macquarie began coverage on Church & Dwight in a research note on Friday, September 15th. They issued a “neutral” rating and a $52.00 price objective on the stock. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Church & Dwight in a research note on Wednesday, October 4th. Finally, Barclays PLC dropped their price objective on Church & Dwight from $49.00 to $43.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 7th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $49.49.
Church & Dwight Company Profile
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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