Duality Advisers LP acquired a new stake in Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 76,792 shares of the company’s stock, valued at approximately $5,486,000. Church & Dwight comprises approximately 0.6% of Duality Advisers LP’s holdings, making the stock its 8th largest position.
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Several other large investors also recently modified their holdings of the business. Metis Global Partners LLC lifted its position in shares of Church & Dwight by 7.2% during the second quarter. an additional 280 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Church & Dwight by 16.5% in the 2nd quarter. Fifth Third Bancorp now owns 17,725 shares of the company’s stock valued at $1,642,000 after acquiring an additional 2,505 shares during the last quarter. Brown Advisory Inc. increased its holdings in shares of Church & Dwight by 11.2% in the 2nd quarter. Brown Advisory Inc. now owns 105,127 shares of the company’s stock valued at $9,741,000 after . KBC Group NV raised its position in shares of Church & Dwight by 8.7% during the 2nd quarter. KBC Group NV now owns 33,099 shares of the c ompany’s stock valued at $3,067,000 after acquiring an additional 2,650 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its stake in Church & Dwight by 4.0% during the second quarter. Boston Trust Walden Corp now owns 571,027 shares of the company’s stock worth $52,911,000 after purchasing an additional 21,736 shares during the last quarter. 80.86% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have weighed in on CHD. Oppenheimer dropped their target price on shares of Church & Dwight to $85.00 in a report on Thursday, September 29th. JPMorgan Chase & Co. lifted their target price on Church & Dwight from $75.00 to $81.00 and gave the company an “underweight” rating in a research note on Friday, January 13th. Wells Fargo & Company increased their target price on Church & Dwight from $82.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Evercore ISI started coverage on shares of Church & Dwight in a report on Monday, October 17th. They set an “in-line” rating for the company. Finally, Morgan Stanley raised shares of Church & Dwight from an “equal weight ” rating to an “overweight” rating and increased their price objective for the stock from $82.00 to $91.00 in a report on Tuesday. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rat ing to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $88.40.
Church & Dwight Price Performance
Shares of NYSE CHD opened at $80.55 on Friday. The firm has a 50-day moving average of $80.39 and a two-hundred day moving average of $81.59. The company has a market capitalization of $19.64 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 3.90 and a beta of 0.45. 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 twelve month low of $70.16 and a twelve month high of $105.28.
Church & Dwight (NYSE:CHD – Get Rating) last posted its quarterly earnings results 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 net margin of 13.88% and a return on equity of 21.23%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the business posted $0.80 earnings per share . The firm’s quarterly revenue was up .4% compared to the same quarter last year. As a group, analysts expect that Church & Dwight Co., Inc. will post 2.95 earnings per share for the current fiscal year.
Church & Dwight Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Investors of record on Tuesday, November 15th were given a $0.2625 dividend. The ex-dividend date of this dividend was Monday, November 14th. dividend on an annualized basis and a dividend yield of 1.30%. Church & Dwight’s dividend payout ratio (DPR) is 35.12%.
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, nasals and pletups, moisturizers.
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