Taurus Asset Management LLC lowered its stake in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 324,862 shares of the company’s stock after selling 3,195 shares during the quarter. Church & Dwight makes up about 2.4% of Taurus Asset Management LLC’s investment portfolio, making the stock its 12th largest holding. Taurus Asset Management LLC owned approximately 0.13% of Church & Dwight worth $15,740,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in CHD. Renaissance Technologies LLC boosted its holdings in Church & Dwight by 158.9% in the second quarter. Renaissance Technologies LLC now owns 1,791,900 shares of the company’s stock worth $92,964,000 after purchasing an additional 1,099,670 shares during the period. Ardevora Asset Management LLP acquired a new position in Church & Dwight in the third quarter worth $32,434,000. Franklin Resources Inc. boosted its holdings in Church & Dwight by 48.6% in the second quarter. Franklin Resources Inc. now owns 1,487,434 shares of the company’s stock worth $77,168,000 after purchasing an additional 486,634 shares during the period. Assenagon Asset Management S.A. acquired a new position in Church & Dwight in the third quarter worth $22,100,000. Finally, Parametric Portfolio Associates LLC boosted its holdings in Church & Dwight by 67.8% in the second quarter. Parametric Portfolio Associates LLC now owns 1,067,698 shares of the company’s stock worth $55,392,000 after purchasing an additional 431,389 shares during the period. 80.09% of the stock is owned by institutional investors and hedge funds.
Shares of Church & Dwight Company, Inc. (NYSE CHD) opened at $47.79 on Thursday. Church & Dwight Company, Inc. has a one year low of $43.21 and a one year high of $54.18. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. The firm has a market cap of $12,066.39, a PE ratio of 25.96, a P/E/G ratio of 2.82 and a beta of 0.56.
Church & Dwight announced that its Board of Directors has approved a stock repurchase program on Thursday, November 2nd that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Tuesday, November 14th. Church & Dwight’s dividend payout ratio is currently 43.68%.
In related news, CEO Matthew Farrell acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average cost of $43.83 per share, for a total transaction of $219,150.00. Following the completion of the purchase, the chief executive officer now directly owns 103,685 shares in the company, valued at $4,544,513.55. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Richard A. Dierker acquired 1,146 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were bought at an average price of $43.66 per share, for a total transaction of $50,034.36. Following the completion of the purchase, the chief financial officer now owns 6,411 shares of the company’s stock, valued at $279,904.26. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 6,546 shares of company stock worth $288,772. Company insiders own 2.00% of the company’s stock.
A number of equities analysts have commented on CHD shares. BidaskClub downgraded shares of Church & Dwight from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. KeyCorp reaffirmed a “hold” rating on shares of Church & Dwight in a report on Friday, August 25th. Macquarie initiated coverage on Church & Dwight in a research note on Friday, September 15th. They issued a “neutral” rating and a $52.00 target price on the stock. Zacks Investment Research cut Church & Dwight from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Finally, Goldman Sachs Group reiterated a “sell” rating on shares of Church & Dwight in a research note on Wednesday, October 4th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $49.83.
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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