Oak Ridge Investments LLC grew its holdings in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 6.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 139,680 shares of the company’s stock after acquiring an additional 8,411 shares during the period. Oak Ridge Investments LLC owned about 0.06% of Church & Dwight worth $7,247,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Church & Dwight by 4.0% during the first quarter. Vanguard Group Inc. now owns 27,439,085 shares of the company’s stock valued at $1,368,388,000 after acquiring an additional 1,054,013 shares in the last quarter. BlackRock Inc. grew its stake in Church & Dwight by 2,267.4% in the first quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock worth $970,569,000 after purchasing an additional 18,639,877 shares in the last quarter. State Street Corp grew its stake in Church & Dwight by 23.1% in the first quarter. State Street Corp now owns 14,762,551 shares of the company’s stock worth $736,228,000 after purchasing an additional 2,769,003 shares in the last quarter. Bessemer Group Inc. grew its stake in Church & Dwight by 1.2% in the second quarter. Bessemer Group Inc. now owns 4,814,253 shares of the company’s stock worth $249,764,000 after purchasing an additional 55,092 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Church & Dwight by 7.7% in the first quarter. Geode Capital Management LLC now owns 2,900,524 shares of the company’s stock worth $144,473,000 after purchasing an additional 208,604 shares in the last quarter. Institutional investors own 79.65% of the company’s stock.
Church & Dwight Company, Inc. (CHD) opened at 49.84 on Tuesday. The firm has a 50-day moving average of $50.75 and a 200 day moving average of $50.95. The firm has a market cap of $12.44 billion, a price-to-earnings ratio of 29.47 and a beta of 0.60. Church & Dwight Company, Inc. has a 52-week low of $42.56 and a 52-week high of $54.18.
Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $898 million during the quarter, compared to the consensus estimate of $903.87 million. During the same quarter in the prior year, the firm earned $0.85 earnings per share. The business’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities research analysts forecast that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Friday, August 11th. Church & Dwight’s payout ratio is presently 44.97%.
In other Church & Dwight news, Director Robert D. Leblanc sold 9,718 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $49.84, for a total value of $484,345.12. Following the completion of the sale, the director now owns 56,497 shares of the company’s stock, valued at $2,815,810.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven P. Cugine sold 177,940 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were 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 directly owns 46,348 shares of the company’s stock, valued at approximately $2,331,304.40. The disclosure for this sale can be found here. Insiders sold 198,858 shares of company stock valued at $9,996,631 in the last ninety days. Insiders own 2.00% of the company’s stock.
A number of research firms recently commented on CHD. Zacks Investment Research downgraded Church & Dwight from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Jefferies Group LLC reiterated a “buy” rating and issued a $59.00 price target on shares of Church & Dwight in a research note 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 research note on Monday, July 17th. Morgan Stanley cut shares of Church & Dwight from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 16th. Finally, UBS AG reissued a “sell” rating and issued a $48.00 target price (up previously from $46.00) on shares of Church & Dwight in a report on Tuesday, July 18th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $51.07.
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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