Copeland Capital Management LLC raised its stake in Church & Dwight Company, Inc. (NYSE:CHD) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 375,930 shares of the company’s stock after buying an additional 4,655 shares during the period. Church & Dwight comprises approximately 1.3% of Copeland Capital Management LLC’s portfolio, making the stock its 19th largest position. Copeland Capital Management LLC owned 0.15% of Church & Dwight worth $19,503,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Westside Investment Management Inc. acquired a new stake in Church & Dwight during the first quarter valued at $149,000. Parallel Advisors LLC increased its position in shares of Church & Dwight by 53.5% in the first quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock valued at $161,000 after buying an additional 1,150 shares during the period. Clean Yield Group purchased a new position in shares of Church & Dwight during the first quarter valued at approximately $178,000. Van ECK Associates Corp increased its position in shares of Church & Dwight by 8.2% in the first quarter. Van ECK Associates Corp now owns 3,803 shares of the company’s stock valued at $190,000 after buying an additional 288 shares during the period. Finally, FTB Advisors Inc. boosted its stake in shares of Church & Dwight by 2,069.4% in the first quarter. FTB Advisors Inc. now owns 3,905 shares of the company’s stock worth $195,000 after buying an additional 3,725 shares during the period. 82.05% of the stock is owned by institutional investors and hedge funds.
Shares of Church & Dwight Company, Inc. (CHD) traded up 0.47% during trading on Friday, hitting $49.62. 1,276,440 shares of the company’s stock were exchanged. The company has a market cap of $12.38 billion, a P/E ratio of 29.34 and a beta of 0.57. Church & Dwight Company, Inc. has a 12-month low of $42.56 and a 12-month high of $54.18. The company has a 50-day moving average of $52.21 and a 200-day moving average of $50.52.
Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The business had revenue of $898 million during the quarter, compared to analysts’ expectations of $903.87 million. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts expect that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Friday, August 11th. Church & Dwight’s payout ratio is currently 44.97%.
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A number of equities research analysts have recently commented on CHD shares. Zacks Investment Research cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a report on Thursday, May 18th. Jefferies Group LLC reiterated a “buy” rating and set a $63.00 price target (up previously from $60.00) on shares of Church & Dwight in a report on Tuesday, July 18th. BidaskClub cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $45.00 price target on shares of Church & Dwight in a report on Friday, May 5th. Finally, Bank of America Corporation increased their price objective on shares of Church & Dwight from $51.00 to $53.00 and gave the company an “underperform” rating in a research report on Monday, July 10th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $51.07.
In other Church & Dwight news, Director Robert D. Leblanc sold 9,718 shares of the 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 sale, the director now directly owns 56,497 shares of the company’s stock, valued at $2,815,810.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven P. Cugine sold 177,940 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $50.30, for a total value of $8,950,382.00. Following the completion of the sale, the executive vice president now directly owns 46,348 shares in the company, valued at $2,331,304.40. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.
Church & Dwight Company 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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