Raymond James Trust N.A. Increases Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Raymond James Trust N.A. grew its holdings in Church & Dwight Co., Inc. (NYSE:CHDGet Rating) by 35.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,708 shares of the company’s stock after acquiring an additional 971 shares during the period. Raymond James Trust N.A.’s holdings in Church & Dwight were worth $265,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Metis Global Partners LLC lifted its position in shares of Church & Dwight by 7.2% in the second quarter. Metis Global Partners LLC now owns 4,145 shares of the company’s stock worth $384,000 after buying an additional 280 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Church & Dwight by 16.5% in the second quarter. Fifth Third Bancorp now owns 17,725 shares of the company’s stock worth $1,642,000 after buying an additional 2,505 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Church & Dwight by 11.2% in the second quarter. Brown Advisory Inc. now owns 105,127 shares of the company’s stock worth $9,741,000 after buying an additional 10,573 shares in the last quarter. KBC Group NV raised its position in Church & Dwight by 8.7% during the second quarter. KBC Group NV now owns 33,099 shares of the company’s stock valued at $3,067,000 after purchasing an additional 2,650 shares during the period. Finally, Boston Trust Walden Corp raised its position in Church & Dwight by 4.0% during the second quarter. Boston Trust Walden Corp now owns 571,027 shares of the company’s stock valued at $52,911,000 after purchasing an additional 21,736 shares during the period. 80.86% of the stock is currently owned by hedge funds and other institutional investors.

Church & Dwight Trading Up 0.6 %

CHD stock opened at $81.91 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.61 and a debt-to-equity ratio of 0.57. Church & Dwight Co., Inc. has a 12-month low of $70.16 and a 12-month high of $105.28. The stock has a market cap of $19.98 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 3.90 and a beta of 0.45. The business’s 50-day moving average is $79.85 and its 200 day moving average is $81.66.

Church & Dwight (NYSE:CHDGet Rating) last posted its quarterly earnings data on Friday, October 28th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.11. Church & Dwight had a return on equity of 21.23% and a net margin of 13.88%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the firm posted $0.80 EPS. Church & Dwight’s revenue was up .4% compared to the same quarter last year. On average, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 2.95 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 1st. Investors of record on Tuesday, November 15th were issued a $0.2625 dividend. This represents a $1.05 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Monday, November 14th. Church & Dwight’s payout ratio is 35.12%.

Wall Street Analyst Weigh In

CHD has been the topic of a number of recent research reports. StockNews.com initiated coverage on Church & Dwight in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. JPMorgan Chase & Co. upped their price objective on Church & Dwight from $75.00 to $81.00 and gave the company an “underweight” rating in a research report on Friday. The Goldman Sachs Group cut their target price on Church & Dwight from $93.00 to $83.00 and set a “neutral” rating on the stock in a research note on Monday, October 10th. Wells Fargo & Company upped their target price on Church & Dwight from $82.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Church & Dwight from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, December 6th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $87.13.

About Church & Dwight

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Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. 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.

Further Reading

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Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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