Sentry Investment Management LLC acquired a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 14,602 shares of the company’s stock, valued at approximately $1,040,000.
Other institutional investors have also recently made changes to their positions in the company. Cordasco Financial Network bought a new position in shares of Church & Dwight during the first quarter valued at $28,000. Pinnacle Bank bought a new position in shares of Church & Dwight during the fourth quarter valued at $33,000. Berman Capital Advisors LLC bought a new position in shares of Church & Dwight during the fourth quarter valued at $34,000. Baystate Wealth Management LLC increased its holdings in shares of Church & Dwight by 332.3% during the first quarter. Baystate Wealth Management LLC now owns 536 shares of the company’s stock valued at $39,000 after acquiring an additional 412 shares in the last quarter. Finally, Private Ocean LLC bought a new position in shares of Church & Dwight during the first quarter valued at $41,000. 81.71% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on CHD shares. Goldman Sachs Group upgraded Church & Dwight from a “sell” rating to a “neutral” rating and set a $61.00 price target for the company in a report on Tuesday, February 5th. Deutsche Bank upgraded Church & Dwight from a “sell” rating to a “hold” rating and set a $60.46 price target for the company in a report on Wednesday, February 6th. Morgan Stanley upgraded Church & Dwight from an “underweight” rating to an “equal weight” rating in a report on Wednesday, February 6th. Oppenheimer restated an “outperform” rating and set a $73.00 price target on shares of Church & Dwight in a report on Wednesday, February 6th. Finally, Barclays restated a “sell” rating and set a $56.00 price target on shares of Church & Dwight in a report on Thursday, February 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $67.89.
NYSE CHD opened at $74.14 on Thursday. Church & Dwight Co., Inc. has a one year low of $46.15 and a one year high of $74.99. The stock has a market capitalization of $18.22 billion, a P/E ratio of 32.66, a price-to-earnings-growth ratio of 3.48 and a beta of 0.24. The company has a quick ratio of 0.45, a current ratio of 0.81 and a debt-to-equity ratio of 0.60.
Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.66 by $0.04. Church & Dwight had a return on equity of 24.62% and a net margin of 14.02%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company earned $0.63 EPS. Church & Dwight’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, sell-side analysts expect that Church & Dwight Co., Inc. will post 2.48 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.2275 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.23%. Church & Dwight’s dividend payout ratio is currently 40.09%.
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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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