Farr Miller & Washington LLC DC lifted its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,775 shares of the company’s stock after buying an additional 306 shares during the quarter. Farr Miller & Washington LLC DC’s holdings in Church & Dwight were worth $1,029,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Glassman Wealth Services grew its holdings in Church & Dwight by 44.0% in the first quarter. Glassman Wealth Services now owns 409 shares of the company’s stock worth $36,000 after purchasing an additional 125 shares during the period. Main Street Financial Solutions LLC grew its holdings in Church & Dwight by 1.4% in the first quarter. Main Street Financial Solutions LLC now owns 10,132 shares of the company’s stock worth $885,000 after purchasing an additional 137 shares during the period. GPS Wealth Strategies Group LLC grew its holdings in Church & Dwight by 4.8% in the first quarter. GPS Wealth Strategies Group LLC now owns 3,449 shares of the company’s stock worth $301,000 after purchasing an additional 158 shares during the period. Stratos Wealth Partners LTD. grew its holdings in Church & Dwight by 5.0% in the first quarter. Stratos Wealth Partners LTD. now owns 3,551 shares of the company’s stock worth $310,000 after purchasing an additional 168 shares during the period. Finally, CSat Investment Advisory L.P. grew its holdings in Church & Dwight by 52.5% in the first quarter. CSat Investment Advisory L.P. now owns 488 shares of the company’s stock worth $43,000 after purchasing an additional 168 shares during the period. Institutional investors own 80.52% of the company’s stock.
A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Church & Dwight from $91.00 to $92.00 and gave the stock a “hold” rating in a report on Wednesday, April 21st. Raymond James cut shares of Church & Dwight from a “market perform” rating to an “underperform” rating in a report on Tuesday, July 13th. JPMorgan Chase & Co. raised their price objective on shares of Church & Dwight from $79.00 to $80.00 and gave the company an “underweight” rating in a research note on Friday, April 16th. Morgan Stanley reaffirmed an “underweight” rating and issued a $80.00 price objective on shares of Church & Dwight in a research note on Monday, April 26th. Finally, UBS Group started coverage on shares of Church & Dwight in a research note on Wednesday, June 23rd. They issued a “neutral” rating and a $85.00 price objective on the stock. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $101.50.
Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, April 29th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.02. Church & Dwight had a net margin of 15.63% and a return on equity of 23.00%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the firm earned $0.83 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. As a group, analysts predict that Church & Dwight Co., Inc. will post 3.03 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 1st. Investors of record on Friday, May 14th were given a dividend of $0.2525 per share. This represents a $1.01 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Thursday, May 13th. Church & Dwight’s payout ratio is currently 35.69%.
Church & Dwight Profile
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products in the United States and internationally. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; FLAWLESS products; and cold remedy products under the ZICAM brand.
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