First Trust Advisors LP increased its position in Church & Dwight Company, Inc. (NYSE:CHD) by 162.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 194,573 shares of the company’s stock after buying an additional 120,528 shares during the period. First Trust Advisors LP owned approximately 0.08% of Church & Dwight worth $10,094,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of CHD. Schwab Charles Investment Management Inc. increased its stake in shares of Church & Dwight by 2.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 832,247 shares of the company’s stock worth $43,177,000 after buying an additional 21,399 shares in the last quarter. Carnick & Kubik Group LLC increased its stake in shares of Church & Dwight by 24.2% in the second quarter. Carnick & Kubik Group LLC now owns 18,596 shares of the company’s stock worth $965,000 after buying an additional 3,618 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Church & Dwight by 1,807.1% in the second quarter. Canada Pension Plan Investment Board now owns 267,180 shares of the company’s stock worth $13,861,000 after buying an additional 253,170 shares in the last quarter. Legacy Capital Partners Inc. increased its stake in shares of Church & Dwight by 5.0% in the second quarter. Legacy Capital Partners Inc. now owns 48,607 shares of the company’s stock worth $2,522,000 after buying an additional 2,301 shares in the last quarter. Finally, Barrett Asset Management LLC acquired a new stake in shares of Church & Dwight during the second quarter worth $269,000. 80.62% of the stock is currently owned by institutional investors and hedge funds.
Shares of Church & Dwight Company, Inc. (NYSE CHD) opened at 49.60 on Friday. The company’s 50 day moving average price is $51.63 and its 200 day moving average price is $50.80. Church & Dwight Company, Inc. has a 12-month low of $42.56 and a 12-month high of $54.18. The firm has a market cap of $12.38 billion, a P/E ratio of 29.33 and a beta of 0.57.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $898 million for the quarter, compared to the consensus estimate of $903.87 million. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. Church & Dwight’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 EPS. Equities research analysts forecast 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. Shareholders of record on Tuesday, August 15th will be issued a $0.19 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.76 dividend on an annualized basis and a yield of 1.53%. Church & Dwight’s dividend payout ratio is currently 44.97%.
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A number of equities research analysts have weighed in on the company. UBS AG reaffirmed a “sell” rating and issued a $46.00 target price (up previously from $45.00) on shares of Church & Dwight in a report on Friday, May 5th. KeyCorp reaffirmed a “hold” rating on shares of Church & Dwight in a report on Friday. BidaskClub downgraded Church & Dwight from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Zacks Investment Research raised Church & Dwight from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Thursday, June 1st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $63.00 target price on shares of Church & Dwight in a report on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. Church & Dwight presently has an average rating of “Hold” and an average price target of $51.07.
In other news, Director Robert D. Leblanc sold 9,718 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $49.84, for a total value of $484,345.12. Following the sale, the director now directly owns 56,497 shares in the company, valued at approximately $2,815,810.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Steven P. Cugine sold 177,940 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $50.30, for a total transaction of $8,950,382.00. Following the completion of the sale, the executive vice president now owns 46,348 shares in the company, valued at $2,331,304.40. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
About Church & Dwight
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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