Ossiam increased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 97.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,837 shares of the company’s stock after buying an additional 30,067 shares during the quarter. Ossiam’s holdings in Church & Dwight were worth $5,267,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Natixis acquired a new position in shares of Church & Dwight in the 2nd quarter worth approximately $448,000. Toroso Investments LLC bought a new stake in shares of Church & Dwight in the 2nd quarter valued at $271,000. APG Asset Management N.V. boosted its stake in Church & Dwight by 0.5% in the 2nd quarter. APG Asset Management N.V. now owns 1,158,841 shares of the company’s stock worth $83,276,000 after purchasing an additional 6,000 shares during the period. Kensington Investment Counsel LLC boosted its stake in shares of Church & Dwight by 2.2% during the 2nd quarter. Kensington Investment Counsel LLC now owns 33,541 shares of the company’s stock worth $2,858,000 after buying an additional 735 shares during the last quarter. Finally, Inscription Capital LLC bought a new stake in shares of Church & Dwight in the 2nd quarter valued at about $409,000. 80.50% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Robert K. Shearer sold 14,660 shares of Church & Dwight stock in a transaction on Friday, August 20th. The shares were sold at an average price of $86.60, for a total transaction of $1,269,556.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Britta Bomhard sold 40,675 shares of Church & Dwight stock in a transaction on Monday, August 2nd. The stock was sold at an average price of $85.59, for a total transaction of $3,481,373.25. Following the transaction, the chief marketing officer now directly owns 44,958 shares of the company’s stock, valued at approximately $3,847,955.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 94,073 shares of company stock worth $8,108,739. 2.00% of the stock is owned by company insiders.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Thursday, July 29th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.06. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. Church & Dwight had a net margin of 15.96% and a return on equity of 22.20%. Church & Dwight’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 earnings per share. Research analysts forecast that Church & Dwight Co., Inc. will post 3 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Monday, August 16th were issued a dividend of $0.2525 per share. The ex-dividend date was Friday, August 13th. This represents a $1.01 dividend on an annualized basis and a dividend yield of 1.21%. Church & Dwight’s dividend payout ratio (DPR) is presently 35.69%.
Several research analysts have recently commented on the stock. Raymond James cut shares of Church & Dwight from a “market perform” rating to an “underperform” rating in a report on Tuesday, July 13th. UBS Group assumed coverage on shares of Church & Dwight in a research report on Wednesday, June 23rd. They set a “neutral” rating and a $85.00 price target on the stock. Credit Suisse Group reduced their price target on shares of Church & Dwight from $102.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, August 2nd. Finally, Wells Fargo & Company reduced their price target on shares of Church & Dwight from $92.00 to $89.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 28th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Church & Dwight has a consensus rating of “Hold” and a consensus price target of $91.22.
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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