California State Teachers Retirement System lifted its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 409,102 shares of the company’s stock after acquiring an additional 7,599 shares during the quarter. California State Teachers Retirement System’s holdings in Church & Dwight were worth $26,903,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Berman Capital Advisors LLC acquired a new stake in Church & Dwight in the 4th quarter valued at approximately $34,000. Financial Gravity Companies Inc. acquired a new stake in Church & Dwight in the 4th quarter valued at approximately $47,000. Patriot Financial Group Insurance Agency LLC increased its holdings in Church & Dwight by 27.2% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 735 shares of the company’s stock valued at $48,000 after purchasing an additional 157 shares during the last quarter. Whittier Trust Co. increased its holdings in Church & Dwight by 59.4% in the 4th quarter. Whittier Trust Co. now owns 778 shares of the company’s stock valued at $51,000 after purchasing an additional 290 shares during the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new stake in Church & Dwight in the 4th quarter valued at approximately $60,000. Institutional investors and hedge funds own 81.78% of the company’s stock.
Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a report on Tuesday, November 20th. Barclays reiterated a “sell” rating and issued a $56.00 target price on shares of Church & Dwight in a report on Thursday, February 7th. Wells Fargo & Co reiterated a “hold” rating and issued a $62.00 target price on shares of Church & Dwight in a report on Thursday, February 21st. Oppenheimer reiterated an “outperform” rating and issued a $73.00 target price on shares of Church & Dwight in a report on Wednesday, February 6th. Finally, Goldman Sachs Group upgraded shares of Church & Dwight from a “sell” rating to a “neutral” rating and set a $61.00 target price for the company in a report on Tuesday, February 5th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $62.23.
Shares of CHD stock opened at $66.93 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.81 and a quick ratio of 0.52. Church & Dwight Co., Inc. has a 52 week low of $44.87 and a 52 week high of $69.49. The company has a market capitalization of $16.42 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 3.24 and a beta of 0.22.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Tuesday, February 5th. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.01). Church & Dwight had a net margin of 13.72% and a return on equity of 24.80%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the business earned $0.52 EPS. The business’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities analysts forecast that Church & Dwight Co., Inc. will post 2.46 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 15th were given a $0.2275 dividend. This represents a $0.91 annualized dividend and a yield of 1.36%. The ex-dividend date was Thursday, February 14th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.22. Church & Dwight’s dividend payout ratio (DPR) is currently 40.09%.
Church & Dwight Company Profile
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; and water flossers and replacement showerheads under the WATERPIK brand.
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