Quantbot Technologies LP Increases Stake in Church & Dwight Co., Inc. (CHD)

Quantbot Technologies LP grew its position in Church & Dwight Co., Inc. (NYSE:CHD) by 250.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 22,532 shares of the company’s stock after acquiring an additional 16,095 shares during the period. Quantbot Technologies LP’s holdings in Church & Dwight Co. were worth $1,091,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Westpac Banking Corp lifted its stake in shares of Church & Dwight Co. by 636.4% in the 3rd quarter. Westpac Banking Corp now owns 115,863 shares of the company’s stock valued at $5,614,000 after acquiring an additional 100,129 shares during the last quarter. Sterling Capital Management LLC increased its holdings in Church & Dwight Co. by 4.0% in the second quarter. Sterling Capital Management LLC now owns 7,070 shares of the company’s stock valued at $367,000 after purchasing an additional 270 shares during the period. Huntington National Bank increased its holdings in Church & Dwight Co. by 3.1% in the third quarter. Huntington National Bank now owns 726,553 shares of the company’s stock valued at $35,202,000 after purchasing an additional 21,739 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Church & Dwight Co. by 2.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 832,247 shares of the company’s stock valued at $43,177,000 after purchasing an additional 21,399 shares during the period. Finally, Koch Industries Inc. acquired a new stake in Church & Dwight Co. in the second quarter valued at $271,000. Institutional investors own 79.85% of the company’s stock.

In related news, CEO Matthew Farrell purchased 5,000 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average price of $43.83 per share, with a total value of $219,150.00. Following the acquisition, the chief executive officer now owns 103,685 shares of the company’s stock, valued at approximately $4,544,513.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Steven J. Katz sold 11,200 shares of Church & Dwight Co. stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $50.17, for a total transaction of $561,904.00. Following the completion of the sale, the vice president now directly owns 4,458 shares in the company, valued at approximately $223,657.86. The disclosure for this sale can be found here. In the last three months, insiders have acquired 6,546 shares of company stock worth $288,772. Insiders own 2.00% of the company’s stock.

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Shares of Church & Dwight Co., Inc. (NYSE:CHD) traded up $0.43 during midday trading on Tuesday, reaching $45.11. 156,559 shares of the company traded hands, compared to its average volume of 1,705,716. Church & Dwight Co., Inc. has a twelve month low of $42.56 and a twelve month high of $54.18. The company has a market cap of $11,160.00, a PE ratio of 24.06, a price-to-earnings-growth ratio of 2.62 and a beta of 0.54. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 1.05.

Church & Dwight Co. (NYSE:CHD) last posted its earnings results on Thursday, November 2nd. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Church & Dwight Co. had a net margin of 13.78% and a return on equity of 28.15%. The firm had revenue of $967.90 million for the quarter, compared to analysts’ expectations of $937.20 million. During the same quarter last year, the firm earned $0.47 EPS. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. equities analysts predict that Church & Dwight Co., Inc. will post 1.92 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.76 annualized dividend and a dividend yield of 1.68%. Church & Dwight Co.’s dividend payout ratio is currently 43.68%.

Church & Dwight Co. announced that its board has approved a share repurchase program on Thursday, November 2nd that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

CHD has been the subject of a number of recent research reports. Morgan Stanley decreased their price objective on Church & Dwight Co. from $49.00 to $46.00 and set an “underweight” rating for the company in a report on Friday, November 3rd. Zacks Investment Research upgraded Church & Dwight Co. from a “sell” rating to a “hold” rating in a report on Friday, October 20th. BidaskClub upgraded Church & Dwight Co. from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Church & Dwight Co. in a report on Wednesday, October 4th. Finally, Macquarie started coverage on Church & Dwight Co. in a report on Friday, September 15th. They set a “neutral” rating and a $52.00 price target for the company. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. Church & Dwight Co. presently has a consensus rating of “Hold” and a consensus target price of $49.49.

Church & Dwight Co. 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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Institutional Ownership by Quarter for Church & Dwight Co. (NYSE:CHD)

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