Rosenbaum Jay D. cut its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 2.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,725 shares of the company’s stock after selling 150 shares during the quarter. Rosenbaum Jay D.’s holdings in Church & Dwight were worth $418,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Advocacy Wealth Management Services LLC acquired a new stake in Church & Dwight during the second quarter worth approximately $29,000. Baystate Wealth Management LLC boosted its position in Church & Dwight by 332.3% during the first quarter. Baystate Wealth Management LLC now owns 536 shares of the company’s stock worth $39,000 after acquiring an additional 412 shares during the last quarter. Private Ocean LLC acquired a new stake in Church & Dwight during the first quarter worth approximately $41,000. Penserra Capital Management LLC acquired a new stake in Church & Dwight during the first quarter worth approximately $42,000. Finally, Hudock Capital Group LLC acquired a new stake in Church & Dwight during the first quarter worth approximately $48,000. Institutional investors and hedge funds own 81.68% of the company’s stock.
In other news, Director Robert D. Leblanc sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $78.34, for a total value of $783,400.00. Following the transaction, the director now owns 49,702 shares of the company’s stock, valued at approximately $3,893,654.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Richard A. Dierker sold 12,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $74.35, for a total transaction of $892,200.00. Following the completion of the transaction, the vice president now directly owns 19,589 shares in the company, valued at approximately $1,456,442.15. The disclosure for this sale can be found here. In the last three months, insiders sold 55,084 shares of company stock worth $4,248,398. Insiders own 2.00% of the company’s stock.
Church & Dwight (NYSE:CHD) last issued its earnings results on Wednesday, July 31st. The company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm posted $0.49 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts forecast that Church & Dwight Co., Inc. will post 2.48 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be paid a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Wednesday, August 14th. Church & Dwight’s dividend payout ratio is presently 40.09%.
A number of brokerages recently issued reports on CHD. Wells Fargo & Co restated a “hold” rating and set a $70.00 target price on shares of Church & Dwight in a research report on Thursday, May 2nd. Citigroup lowered shares of Church & Dwight from a “neutral” rating to a “sell” rating and set a $73.80 target price on the stock. in a research report on Thursday, May 2nd. BMO Capital Markets raised their target price on shares of Church & Dwight to $75.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. Atlantic Securities lowered shares of Church & Dwight from an “overweight” rating to a “neutral” rating in a research report on Monday, May 13th. Finally, Stifel Nicolaus increased their price target on shares of Church & Dwight from $71.00 to $74.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $71.16.
Church & Dwight Company 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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