BTIM Corp. increased its position in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 1.2% during the second quarter, according to its most recent Form 13F 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 approximately 0.23% of Church & Dwight worth $29,275,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the stock. LaFleur & Godfrey LLC acquired a new stake in shares of Church & Dwight during the first quarter valued at about $5,696,000. Pensionfund DSM Netherlands bought a new position in shares of Church & Dwight during the first quarter worth approximately $3,197,000. BB&T Securities LLC boosted its position in shares of Church & Dwight by 437.9% in the first quarter. BB&T Securities LLC now owns 280,837 shares of the company’s stock worth $14,005,000 after buying an additional 228,629 shares during the last quarter. Feltz Wealth PLAN Inc. acquired a new stake in Church & Dwight during the first quarter valued at $536,000. Finally, Parametrica Management Ltd acquired a new stake in Church & Dwight during the first quarter valued at $268,000. 82.05% of the stock is owned by institutional investors.
Shares of Church & Dwight Company, Inc. (NYSE:CHD) opened at 50.39 on Monday. The stock has a market capitalization of $12.56 billion, a PE ratio of 27.54 and a beta of 0.57. The company’s 50-day moving average price is $52.83 and its 200 day moving average price is $50.32. Church & Dwight Company, Inc. has a one year low of $42.56 and a one year high of $54.18.
Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The business had revenue of $898 million for the quarter, compared to analyst estimates of $903.87 million. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts anticipate that Church & Dwight Company, Inc. will post $1.93 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Friday, August 11th. Church & Dwight’s dividend payout ratio is presently 44.97%.
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A number of brokerages have recently commented on CHD. Zacks Investment Research lowered Church & Dwight from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. UBS AG reaffirmed a “sell” rating and issued a $46.00 price objective (up from $45.00) on shares of Church & Dwight in a research note on Friday, May 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $59.00 target price on shares of Church & Dwight in a report on Tuesday, June 13th. BMO Capital Markets set a $50.00 price target on Church & Dwight and gave the stock a “hold” rating in a report on Monday, July 17th. Finally, Barclays PLC set a $49.00 price target on Church & Dwight and gave the stock a “sell” rating in a report on Sunday. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $51.07.
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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