Sandy Spring Bank decreased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 6.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,386 shares of the company’s stock after selling 175 shares during the period. Sandy Spring Bank’s holdings in Church & Dwight were worth $174,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Advocacy Wealth Management Services LLC bought a new position in Church & Dwight during the 2nd quarter worth $29,000. Baystate Wealth Management LLC grew its holdings in shares of Church & Dwight by 332.3% during the 1st quarter. Baystate Wealth Management LLC now owns 536 shares of the company’s stock worth $39,000 after purchasing an additional 412 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Church & Dwight during the 1st quarter worth $42,000. Private Ocean LLC acquired a new stake in shares of Church & Dwight during the 1st quarter worth $41,000. Finally, Hudock Capital Group LLC acquired a new stake in shares of Church & Dwight during the 1st quarter worth $48,000. Hedge funds and other institutional investors own 81.68% of the company’s stock.
Several analysts have recently issued reports on CHD shares. SunTrust Banks increased their target price on Church & Dwight to $80.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Citigroup lowered Church & Dwight from a “neutral” rating to a “sell” rating and set a $73.80 target price on the stock. in a report on Thursday, May 2nd. Stifel Nicolaus raised their price objective on Church & Dwight from $71.00 to $74.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Wells Fargo & Co reaffirmed a “hold” rating and issued a $70.00 price objective on shares of Church & Dwight in a research note on Thursday, May 2nd. Finally, BMO Capital Markets raised their price objective on Church & Dwight to $75.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $71.16.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. Church & Dwight had a return on equity of 24.57% and a net margin of 14.24%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the company earned $0.49 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts anticipate 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. Stockholders of record on Thursday, August 15th will be given a dividend of $0.228 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.15%. Church & Dwight’s dividend payout ratio (DPR) is 40.09%.
In other Church & Dwight news, EVP Steven P. Cugine sold 15,540 shares of Church & Dwight stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $78.63, for a total value of $1,221,910.20. Following the completion of the sale, the executive vice president now directly owns 30,866 shares in the company, valued at $2,426,993.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert K. Shearer sold 17,544 shares of Church & Dwight stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $77.00, for a total value of $1,350,888.00. Following the completion of the sale, the director now owns 46,652 shares of the company’s stock, valued at $3,592,204. The disclosure for this sale can be found here. Insiders have sold 55,084 shares of company stock valued at $4,248,398 over the last 90 days. 2.00% of the stock is owned by corporate insiders.
Church & Dwight Profile
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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