Columbus Circle Investors boosted its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 116.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 353,856 shares of the company’s stock after buying an additional 190,347 shares during the period. Columbus Circle Investors’ holdings in Church & Dwight were worth $25,853,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Eukles Asset Management purchased a new stake in shares of Church & Dwight in the second quarter valued at about $203,000. Candriam Luxembourg S.C.A. raised its holdings in shares of Church & Dwight by 22.1% in the second quarter. Candriam Luxembourg S.C.A. now owns 62,918 shares of the company’s stock valued at $4,577,000 after purchasing an additional 11,376 shares during the last quarter. FinTrust Capital Advisors LLC raised its holdings in shares of Church & Dwight by 452.2% in the second quarter. FinTrust Capital Advisors LLC now owns 2,579 shares of the company’s stock valued at $188,000 after purchasing an additional 2,112 shares during the last quarter. Sigma Planning Corp raised its holdings in shares of Church & Dwight by 24.3% in the second quarter. Sigma Planning Corp now owns 10,472 shares of the company’s stock valued at $765,000 after purchasing an additional 2,047 shares during the last quarter. Finally, Twin Capital Management Inc. purchased a new stake in shares of Church & Dwight in the second quarter valued at about $540,000. Hedge funds and other institutional investors own 81.68% of the company’s stock.
NYSE CHD opened at $78.99 on Friday. Church & Dwight Co., Inc. has a 52-week low of $54.46 and a 52-week high of $79.34. The company has a 50-day simple moving average of $75.26 and a 200 day simple moving average of $72.07. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.44 and a current ratio of 0.78. The company has a market capitalization of $19.38 billion, a PE ratio of 34.80, a price-to-earnings-growth ratio of 3.63 and a beta of 0.18.
Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. Church & Dwight had a net margin of 14.24% and a return on equity of 24.57%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company posted $0.49 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, analysts forecast that Church & Dwight Co., Inc. will post 2.48 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be issued a dividend of $0.228 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.91 dividend on an annualized basis and a yield of 1.15%. Church & Dwight’s dividend payout ratio (DPR) is presently 40.09%.
Several analysts have recently commented on the stock. BMO Capital Markets increased their target price on shares of Church & Dwight to $75.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. Wells Fargo & Co reiterated a “hold” rating and issued a $70.00 target price on shares of Church & Dwight in a report on Thursday, May 2nd. SunTrust Banks increased their target price on shares of Church & Dwight to $80.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Atlantic Securities downgraded shares of Church & Dwight from an “overweight” rating to a “neutral” rating in a report on Monday, May 13th. Finally, Citigroup downgraded shares of Church & Dwight from a “neutral” rating to a “sell” rating and set a $73.80 target price for the company. in a report on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. Church & Dwight presently has an average rating of “Hold” and a consensus price target of $71.16.
In other Church & Dwight news, EVP Steven P. Cugine sold 15,540 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $78.63, for a total transaction of $1,221,910.20. Following the completion of the transaction, the executive vice president now owns 30,866 shares in the company, valued at $2,426,993.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Richard A. Dierker sold 12,000 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $74.35, for a total transaction of $892,200.00. Following the transaction, the vice president now owns 19,589 shares of the company’s stock, valued at approximately $1,456,442.15. The disclosure for this sale can be found here. Insiders have sold 55,084 shares of company stock valued at $4,248,398 in the last quarter. Company insiders own 2.00% of the company’s stock.
About Church & Dwight
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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