Lazard Asset Management LLC lowered its position in Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) by 74.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,959 shares of the company’s stock after selling 28,882 shares during the period. Lazard Asset Management LLC’s holdings in Church & Dwight were worth $922,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of CHD. ProShare Advisors LLC grew its position in shares of Church & Dwight by 2,289.4% in the 1st quarter. ProShare Advisors LLC now owns 1,574,224 shares of the company’s stock worth $156,447,000 after buying an additional 1,508,341 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Church & Dwight by 264.7% in the 2nd quarter. Victory Capital Management Inc. now owns 762,727 shares of the company’s stock worth $70,675,000 after buying an additional 553,611 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Church & Dwight by 138.8% in the 1st quarter. JPMorgan Chase & Co. now owns 885,081 shares of the company’s stock worth $87,958,000 after buying an additional 514,497 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Church & Dwight in the 2nd quarter worth approximately $47,361,000. Finally, Tobam grew its position in shares of Church & Dwight by 114.9% in the 2nd quarter. Tobam now owns 387,276 shares of the company’s stock worth $35,885,000 after buying an additional 207,082 shares during the last quarter. Hedge funds and other institutional investors own 82.59% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on CHD shares. UBS Group lowered their target price on shares of Church & Dwight from $104.00 to $98.00 and set a “neutral” rating for the company in a research note on Monday, August 1st. Jefferies Financial Group lowered their target price on shares of Church & Dwight from $101.00 to $98.00 and set a “buy” rating for the company in a research note on Wednesday, September 14th. Credit Suisse Group lowered their target price on shares of Church & Dwight to $85.00 in a research note on Thursday, October 27th. Barclays lowered their target price on shares of Church & Dwight from $76.00 to $73.00 and set an “underweight” rating for the company in a research note on Wednesday, September 7th. Finally, Bank of America started coverage on shares of Church & Dwight in a research note on Wednesday, September 14th. They issued an “underperform” rating for the company. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.67.
Church & Dwight Price Performance
Church & Dwight (NYSE:CHD – Get Rating) last posted its earnings results on Friday, October 28th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.11. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. Church & Dwight had a net margin of 13.88% and a return on equity of 21.23%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 EPS. Equities research analysts forecast that Church & Dwight Co., Inc. will post 2.95 EPS for the current year.
Church & Dwight Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be issued a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Monday, November 14th. Church & Dwight’s dividend payout ratio (DPR) is 35.12%.
In related news, EVP Rene Hemsey sold 5,000 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $76.77, for a total value of $383,850.00. Following the completion of the sale, the executive vice president now owns 6,259 shares of the company’s stock, valued at approximately $480,503.43. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.70% of the company’s stock.
Church & Dwight Company Profile
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through 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; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.
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