First Manhattan Co. continued to hold its stake in shares of Church & Dwight Company, Inc. (NYSE:CHD) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,396 shares of the company’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Church & Dwight were worth $228,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Westside Investment Management Inc. purchased a new stake in shares of Church & Dwight during the first quarter worth about $149,000. Parallel Advisors LLC boosted its stake in shares of 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 during the period. Clean Yield Group purchased a new stake in shares of Church & Dwight during the first quarter worth about $178,000. Van ECK Associates Corp boosted its stake in shares of 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 during the period. Finally, FTB Advisors Inc. boosted its stake in shares of 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 during the period. 82.05% of the stock is owned by hedge funds and other institutional investors.
Church & Dwight Company, Inc. (NYSE:CHD) opened at 49.58 on Friday. The company’s 50 day moving average is $52.30 and its 200-day moving average is $50.49. The company has a market cap of $12.37 billion, a price-to-earnings ratio of 29.32 and a beta of 0.57. Church & Dwight Company, Inc. has a 12 month low of $42.56 and a 12 month high of $54.18.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $898 million during the quarter, compared to analyst estimates of $903.87 million. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 EPS. On average, analysts expect that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current fiscal 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 issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Friday, August 11th. Church & Dwight’s payout ratio is presently 44.97%.
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A number of analysts have recently issued reports on the stock. Morgan Stanley cut shares of Church & Dwight from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 16th. Zacks Investment Research raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Friday, May 19th. Jefferies Group LLC reissued a “buy” rating and issued a $60.00 price objective (up from $59.00) on shares of Church & Dwight in a research note on Thursday, July 6th. BidaskClub cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, BMO Capital Markets set a $50.00 price objective on shares of Church & Dwight and gave the stock a “hold” rating in a research note on Monday, July 17th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $51.07.
In related news, EVP Steven P. Cugine sold 177,940 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.30, for a total value of $8,950,382.00. Following the completion of the sale, the executive vice president now owns 46,348 shares of the company’s stock, valued at approximately $2,331,304.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert D. Leblanc sold 9,718 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total transaction of $484,345.12. Following the completion of the sale, the director now directly owns 56,497 shares of the company’s stock, valued at approximately $2,815,810.48. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.
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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