BTIM Corp. boosted its position in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 1.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 564,278 shares of the company’s stock after buying an additional 6,588 shares during the period. BTIM Corp. owned about 0.23% of Church & Dwight worth $29,275,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new position in Church & Dwight during the first quarter worth approximately $149,000. Parallel Advisors LLC raised its position in Church & Dwight by 53.5% in the first quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock worth $161,000 after buying an additional 1,150 shares in the last quarter. Clean Yield Group acquired a new position in Church & Dwight during the first quarter worth approximately $178,000. Van ECK Associates Corp raised its position in Church & Dwight by 8.2% in the first quarter. Van ECK Associates Corp now owns 3,803 shares of the company’s stock worth $190,000 after buying an additional 288 shares in the last quarter. Finally, FTB Advisors Inc. raised its position in Church & Dwight by 2,069.4% in the first quarter. FTB Advisors Inc. now owns 3,905 shares of the company’s stock worth $195,000 after buying an additional 3,725 shares in the last quarter. Institutional investors and hedge funds own 82.39% of the company’s stock.
Shares of Church & Dwight Company, Inc. (NYSE:CHD) traded down 0.93% during trading on Friday, hitting $53.30. The stock had a trading volume of 1,051,559 shares. Church & Dwight Company, Inc. has a 52 week low of $42.56 and a 52 week high of $54.18. The company’s 50 day moving average price is $52.82 and its 200 day moving average price is $50.09. The company has a market capitalization of $13.29 billion, a price-to-earnings ratio of 38.79 and a beta of 0.57.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, May 4th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.06. The company had revenue of $877.20 million for the quarter, compared to the consensus estimate of $869.06 million. Church & Dwight had a net margin of 13.56% and a return on equity of 24.11%. Church & Dwight’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS. Analysts predict that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current year.
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A number of research firms have recently weighed in on CHD. BMO Capital Markets set a $50.00 target price on Church & Dwight and gave the stock a “hold” rating in a research report on Monday, July 17th. UBS AG reiterated a “sell” rating and issued a $48.00 price objective (up previously from $46.00) on shares of Church & Dwight in a report on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating and issued a $63.00 price target (up from $60.00) on shares of Church & Dwight in a report on Tuesday, July 18th. BidaskClub upgraded Church & Dwight from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Zacks Investment Research raised Church & Dwight from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Wednesday, June 7th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. Church & Dwight currently has a consensus rating of “Hold” and an average target price of $51.22.
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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