Laurion Capital Management LP purchased a new position in Church & Dwight Company, Inc. (NYSE:CHD) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 131,900 shares of the company’s stock, valued at approximately $6,843,000. Laurion Capital Management LP owned 0.05% of Church & Dwight at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Somerset Trust Co grew its holdings in shares of Church & Dwight by 0.4% in the 2nd quarter. Somerset Trust Co now owns 10,661 shares of the company’s stock worth $553,000 after acquiring an additional 44 shares during the period. Boston Financial Mangement LLC grew its holdings in shares of Church & Dwight by 1.4% in the 1st quarter. Boston Financial Mangement LLC now owns 4,970 shares of the company’s stock worth $248,000 after acquiring an additional 70 shares during the period. Flagship Harbor Advisors LLC grew its holdings in shares of Church & Dwight by 1.0% in the 1st quarter. Flagship Harbor Advisors LLC now owns 8,812 shares of the company’s stock worth $440,000 after acquiring an additional 86 shares during the period. Pacer Advisors Inc. grew its holdings in shares of Church & Dwight by 3.2% in the 1st quarter. Pacer Advisors Inc. now owns 4,896 shares of the company’s stock worth $244,000 after acquiring an additional 154 shares during the period. Finally, Atria Investments LLC grew its holdings in shares of Church & Dwight by 2.5% in the 2nd quarter. Atria Investments LLC now owns 6,491 shares of the company’s stock worth $337,000 after acquiring an additional 158 shares during the period. Institutional investors and hedge funds own 79.65% of the company’s stock.
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A number of research firms recently weighed in on CHD. Zacks Investment Research upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Friday, July 7th. Jefferies Group LLC restated a “buy” rating and issued a $59.00 price target on shares of Church & Dwight in a report on Tuesday, June 13th. BMO Capital Markets set a $50.00 price target on Church & Dwight and gave the stock a “hold” rating in a report on Monday, July 17th. UBS AG restated a “sell” rating and issued a $48.00 price target (up previously from $46.00) on shares of Church & Dwight in a report on Tuesday, July 18th. Finally, KeyCorp restated a “hold” rating on shares of Church & Dwight in a report on Friday, August 25th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. Church & Dwight currently has an average rating of “Hold” and a consensus price target of $51.24.
Shares of Church & Dwight Company, Inc. (NYSE CHD) traded up 1.55% during midday trading on Friday, reaching $50.43. The company’s stock had a trading volume of 2,644,107 shares. The stock’s 50 day moving average is $50.29 and its 200 day moving average is $50.92. The stock has a market capitalization of $12.58 billion, a PE ratio of 29.82 and a beta of 0.60. Church & Dwight Company, Inc. has a 12 month low of $42.56 and a 12 month high of $54.18.
Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The company had revenue of $898.00 million for the quarter, compared to analysts’ expectations of $903.87 million. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. On average, analysts forecast that Church & Dwight Company, Inc. will post $1.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were issued a $0.19 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.76 annualized dividend and a dividend yield of 1.51%. Church & Dwight’s dividend payout ratio is currently 44.97%.
In other Church & Dwight news, Director Robert D. Leblanc sold 9,718 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total value of $484,345.12. Following the transaction, the director now owns 56,497 shares of the company’s stock, valued at $2,815,810.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Steven J. Katz sold 11,200 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $50.17, for a total value of $561,904.00. Following the completion of the transaction, the vice president now directly owns 4,458 shares in the company, valued at approximately $223,657.86. The disclosure for this sale can be found here. Insiders sold 198,858 shares of company stock worth $9,996,631 in the last ninety days. 2.00% of the stock is owned by corporate insiders.
Church & Dwight Profile
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.
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