Asset Management One Co. Ltd. Sells 5,307 Shares of Church & Dwight Company, Inc. (CHD)
Asset Management One Co. Ltd. lessened its holdings in Church & Dwight Company, Inc. (NYSE:CHD) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 479,280 shares of the company’s stock after selling 5,307 shares during the period. Asset Management One Co. Ltd. owned 0.19% of Church & Dwight worth $23,211,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. YorkBridge Wealth Partners LLC lifted its holdings in shares of Church & Dwight by 5.6% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,032 shares of the company’s stock valued at $106,000 after purchasing an additional 108 shares in the last quarter. Sandy Spring Bank lifted its stake in shares of Church & Dwight by 138.4% during the third quarter. Sandy Spring Bank now owns 2,756 shares of the company’s stock valued at $133,000 after buying an additional 1,600 shares during the period. Tredje AP fonden purchased a new position in shares of Church & Dwight during the second quarter valued at approximately $140,000. Acrospire Investment Management LLC lifted its stake in shares of Church & Dwight by 274.8% during the second quarter. Acrospire Investment Management LLC now owns 3,137 shares of the company’s stock valued at $163,000 after buying an additional 2,300 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Church & Dwight by 9.6% during the second quarter. Parallel Advisors LLC now owns 3,616 shares of the company’s stock valued at $193,000 after buying an additional 317 shares during the period. 80.09% of the stock is currently owned by institutional investors.
In other Church & Dwight news, CFO Richard A. Dierker acquired 1,146 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was bought at an average price of $43.66 per share, with a total value of $50,034.36. Following the completion of the transaction, the chief financial officer now directly owns 6,411 shares of the company’s stock, valued at $279,904.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew Farrell acquired 5,000 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was acquired at an average cost of $43.83 per share, with a total value of $219,150.00. Following the transaction, the chief executive officer now directly owns 103,685 shares of the company’s stock, valued at $4,544,513.55. The disclosure for this purchase can be found here. 2.00% of the stock is owned by corporate insiders.
Church & Dwight Company, Inc. (NYSE CHD) opened at $47.96 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 1.05. The firm has a market cap of $12,096.38, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 2.83 and a beta of 0.56. Church & Dwight Company, Inc. has a one year low of $43.21 and a one year high of $54.18.
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 the Zacks’ consensus estimate of $0.47 by $0.02. The company had revenue of $967.90 million for the quarter, compared to the consensus estimate of $937.20 million. Church & Dwight had a net margin of 12.32% and a return on equity of 24.82%. Church & Dwight’s revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 earnings per share. equities analysts expect that Church & Dwight Company, Inc. will post 1.92 EPS for the current year.
Church & Dwight announced that its board has initiated a stock repurchase program on Thursday, November 2nd that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Tuesday, November 14th. Church & Dwight’s payout ratio is currently 43.68%.
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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