Axa Has $11.64 Million Position in Church & Dwight Co., Inc. (CHD)
Axa increased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,300 shares of the company’s stock after purchasing an additional 6,500 shares during the period. Axa owned 0.10% of Church & Dwight worth $11,643,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of CHD. Schwab Charles Investment Management Inc. grew its stake in shares of Church & Dwight by 2.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 832,247 shares of the company’s stock worth $43,177,000 after purchasing an additional 21,399 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Church & Dwight by 162.8% during the second quarter. First Trust Advisors LP now owns 194,573 shares of the company’s stock worth $10,094,000 after purchasing an additional 120,528 shares in the last quarter. Dupont Capital Management Corp acquired a new position in Church & Dwight in the second quarter valued at $384,000. Everence Capital Management Inc. acquired a new position in Church & Dwight in the second quarter valued at $230,000. Finally, Boston Private Wealth LLC boosted its stake in Church & Dwight by 1.2% in the second quarter. Boston Private Wealth LLC now owns 32,042 shares of the company’s stock valued at $1,662,000 after acquiring an additional 394 shares in the last quarter. Hedge funds and other institutional investors own 79.87% of the company’s stock.
In other Church & Dwight news, CEO Matthew Farrell bought 5,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was acquired at an average price of $43.83 per share, for a total transaction of $219,150.00. Following the completion of the purchase, the chief executive officer now owns 103,685 shares of the company’s stock, valued at $4,544,513.55. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CFO Richard A. Dierker bought 1,146 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were acquired at an average price of $43.66 per share, with a total value of $50,034.36. Following the purchase, the chief financial officer now directly owns 6,411 shares of the company’s stock, valued at approximately $279,904.26. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by corporate insiders.
Shares of Church & Dwight Co., Inc. (NYSE CHD) opened at $49.48 on Thursday. Church & Dwight Co., Inc. has a 12 month low of $43.21 and a 12 month high of $54.18. The firm has a market cap of $12,301.32, a PE ratio of 26.46, a PEG ratio of 2.88 and a beta of 0.56. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08.
Church & Dwight (NYSE:CHD) last announced its earnings results on Thursday, November 2nd. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. Church & Dwight had a net margin of 12.32% and a return on equity of 24.82%. The business had revenue of $967.90 million during the quarter, compared to the consensus estimate of $937.20 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. research analysts expect that Church & Dwight Co., Inc. will post 1.92 EPS for the current fiscal year.
Church & Dwight announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 2nd that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.19 per share. The ex-dividend date was Tuesday, November 14th. This represents a $0.76 annualized dividend and a dividend yield of 1.54%. Church & Dwight’s dividend payout ratio (DPR) is 43.68%.
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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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