Church & Dwight Company, Inc. (CHD) Shares Bought by First Trust Advisors LP
First Trust Advisors LP boosted its position in Church & Dwight Company, Inc. (NYSE:CHD) by 9.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 212,617 shares of the company’s stock after acquiring an additional 18,044 shares during the quarter. First Trust Advisors LP owned 0.09% of Church & Dwight worth $10,301,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. YorkBridge Wealth Partners LLC boosted its holdings in 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 acquiring an additional 108 shares during the last quarter. Tredje AP fonden acquired a new position in Church & Dwight in the second quarter valued at $140,000. Acrospire Investment Management LLC boosted its holdings in Church & Dwight by 274.8% in the second quarter. Acrospire Investment Management LLC now owns 3,137 shares of the company’s stock valued at $163,000 after acquiring an additional 2,300 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Church & Dwight by 9.6% in the second quarter. Parallel Advisors LLC now owns 3,616 shares of the company’s stock valued at $193,000 after acquiring an additional 317 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new position in Church & Dwight in the second quarter valued at $203,000. Hedge funds and other institutional investors own 79.96% of the company’s stock.
In related news, VP Steven J. Katz sold 11,200 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $50.17, for a total value of $561,904.00. Following the transaction, the vice president now owns 4,458 shares in the company, valued at $223,657.86. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Richard A. Dierker purchased 1,146 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was acquired at an average price of $43.66 per share, for a total transaction of $50,034.36. Following the purchase, the chief financial officer now owns 6,411 shares of the company’s stock, valued at approximately $279,904.26. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 6,546 shares of company stock worth $288,772. Insiders own 2.00% of the company’s stock.
CHD has been the topic of a number of research analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $63.00 target price (up previously from $60.00) on shares of Church & Dwight in a report on Tuesday, July 18th. Zacks Investment Research cut Church & Dwight from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Macquarie initiated coverage on Church & Dwight in a report on Friday, September 15th. They issued a “neutral” rating and a $52.00 target price on the stock. KeyCorp reiterated a “hold” rating on shares of Church & Dwight in a report on Friday, August 25th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Church & Dwight in a report on Wednesday, October 4th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. Church & Dwight has an average rating of “Hold” and an average price target of $49.49.
Church & Dwight Company, Inc. (NYSE CHD) opened at $44.75 on Friday. The company has a market capitalization of $10,996.71, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.57 and a beta of 0.54. Church & Dwight Company, Inc. has a one year low of $42.56 and a one year high of $54.18. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 1.05.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.49 EPS 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 analysts’ expectations of $937.20 million. Church & Dwight had a return on equity of 24.82% and a net margin of 12.32%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share. sell-side analysts expect that Church & Dwight Company, Inc. will post 1.92 EPS for the current year.
Church & Dwight declared that its board has approved a stock buyback program on Thursday, November 2nd that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
The firm 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 $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, November 14th. Church & Dwight’s dividend payout ratio (DPR) is 43.68%.
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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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