US Bancorp DE lessened its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.6% in the first quarter, HoldingsChannel.com reports. The firm owned 156,332 shares of the company’s stock after selling 904 shares during the quarter. US Bancorp DE’s holdings in Church & Dwight were worth $11,136,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Strategy Asset Managers LLC bought a new position in shares of Church & Dwight during the first quarter valued at approximately $2,356,000. New York State Common Retirement Fund raised its holdings in shares of Church & Dwight by 2.2% during the first quarter. New York State Common Retirement Fund now owns 847,588 shares of the company’s stock valued at $60,374,000 after acquiring an additional 18,041 shares in the last quarter. Sentry Investment Management LLC bought a new position in shares of Church & Dwight during the first quarter valued at approximately $1,040,000. TD Asset Management Inc. raised its holdings in shares of Church & Dwight by 6.2% during the first quarter. TD Asset Management Inc. now owns 550,032 shares of the company’s stock valued at $39,179,000 after acquiring an additional 32,351 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Church & Dwight by 5.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,137,101 shares of the company’s stock valued at $80,996,000 after acquiring an additional 59,458 shares in the last quarter. 81.71% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Britta Bomhard sold 27,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $73.43, for a total transaction of $1,982,610.00. Following the completion of the transaction, the vice president now directly owns 32,219 shares in the company, valued at $2,365,841.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Steven J. Katz sold 11,760 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $74.32, for a total value of $874,003.20. Following the transaction, the vice president now owns 13,018 shares of the company’s stock, valued at $967,497.76. The disclosure for this sale can be found here. Insiders have sold 126,432 shares of company stock valued at $9,294,002 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.
Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.04. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. Church & Dwight had a return on equity of 24.62% and a net margin of 14.02%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 earnings per share. On average, analysts predict that Church & Dwight Co., Inc. will post 2.48 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.2275 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.91 annualized dividend and a dividend yield of 1.22%. Church & Dwight’s payout ratio is presently 40.09%.
A number of equities analysts recently commented on the company. Goldman Sachs Group upgraded 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. Wells Fargo & Co restated a “hold” rating and set a $62.00 target price on shares of Church & Dwight in a report on Thursday, February 21st. Zacks Investment Research downgraded Church & Dwight from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Oppenheimer reiterated an “outperform” rating and issued a $73.00 price objective on shares of Church & Dwight in a report on Wednesday, February 6th. Finally, Bank of America upgraded Church & Dwight from an “underperform” rating to a “neutral” rating and set a $75.00 price objective for the company in a report on Friday, March 29th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $68.14.
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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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