Church & Dwight Co., Inc. (CHD) Shares Bought by Bowen Hanes & Co. Inc.
Bowen Hanes & Co. Inc. grew its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 770,486 shares of the company’s stock after purchasing an additional 28,020 shares during the period. Church & Dwight comprises about 1.7% of Bowen Hanes & Co. Inc.’s investment portfolio, making the stock its 19th biggest holding. Bowen Hanes & Co. Inc.’s holdings in Church & Dwight were worth $38,655,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of CHD. PGGM Investments bought a new stake in shares of Church & Dwight in the 4th quarter worth $37,823,000. Ardevora Asset Management LLP bought a new stake in shares of Church & Dwight in the 3rd quarter worth $32,434,000. Atlanta Capital Management Co. L L C increased its holdings in shares of Church & Dwight by 17.4% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 4,071,388 shares of the company’s stock worth $204,261,000 after purchasing an additional 602,128 shares in the last quarter. Waratah Capital Advisors Ltd. increased its holdings in shares of Church & Dwight by 204.4% in the 4th quarter. Waratah Capital Advisors Ltd. now owns 781,684 shares of the company’s stock worth $39,217,000 after purchasing an additional 524,931 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Church & Dwight by 28.2% in the 3rd quarter. American Century Companies Inc. now owns 1,923,003 shares of the company’s stock worth $93,169,000 after purchasing an additional 423,267 shares in the last quarter. 79.30% of the stock is owned by institutional investors and hedge funds.
A number of analysts have commented on CHD shares. Zacks Investment Research raised Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Tuesday, January 9th. Jefferies Group reissued a “buy” rating and issued a $62.00 target price on shares of Church & Dwight in a report on Thursday, January 4th. Deutsche Bank started 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 target on the stock in a research note on Wednesday, November 29th. They noted that the move was a valuation call. Finally, Oppenheimer restated a “hold” rating on shares of Church & Dwight in a research note on Wednesday, November 8th. Four investment 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 stock has a consensus rating of “Hold” and a consensus price target of $51.40.
Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Monday, February 5th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1 billion. Church & Dwight had a return on equity of 24.95% and a net margin of 19.69%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same period last year, the business posted $0.44 EPS. research analysts predict that Church & Dwight Co., Inc. will post 2.27 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 15th were given a dividend of $0.2175 per share. The ex-dividend date was Wednesday, February 14th. This is an increase from Church & Dwight’s previous quarterly dividend of $0.19. This represents a $0.87 annualized dividend and a yield of 1.74%. Church & Dwight’s payout ratio is 47.28%.
In related news, Director James Craigie sold 24,508 shares of Church & Dwight stock in a transaction on Monday, February 26th. The stock was sold at an average price of $50.03, for a total transaction of $1,226,135.24. Following the transaction, the director now directly owns 52,625 shares in the company, valued at $2,632,828.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is currently owned by insiders.
Church & Dwight 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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