Church & Dwight Company, Inc. (CHD) Shares Bought by Welch & Forbes LLC
Welch & Forbes LLC increased its stake in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 2.3% during the second quarter, Holdings Channel reports. The institutional investor owned 380,925 shares of the company’s stock after buying an additional 8,516 shares during the period. Welch & Forbes LLC’s holdings in Church & Dwight were worth $19,763,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the stock. Westside Investment Management Inc. bought a new position in Church & Dwight during the first quarter valued at approximately $149,000. Parallel Advisors LLC boosted its position in 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 in the last quarter. Clean Yield Group bought a new position in Church & Dwight during the first quarter valued at approximately $178,000. Van ECK Associates Corp boosted its position in 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 in the last quarter. Finally, FTB Advisors Inc. boosted its position in Church & Dwight by 2,069.4% in the first quarter. FTB Advisors Inc. now owns 3,905 shares of the company’s stock valued at $195,000 after buying an additional 3,725 shares in the last quarter. Institutional investors and hedge funds own 82.10% of the company’s stock.
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Shares of Church & Dwight Company, Inc. (CHD) opened at 51.77 on Friday. Church & Dwight Company, Inc. has a one year low of $42.56 and a one year high of $54.18. The company has a market capitalization of $12.90 billion, a PE ratio of 28.29 and a beta of 0.57. The company has a 50-day moving average of $52.83 and a 200-day moving average of $50.32.
Church & Dwight (NYSE:CHD) last released its earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $898 million during the quarter, compared to the consensus estimate of $903.87 million. Church & Dwight had a net margin of 13.56% and a return on equity of 24.11%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. On average, analysts anticipate that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Friday, August 11th. Church & Dwight’s dividend payout ratio (DPR) is currently 41.64%.
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Several research firms have recently commented on CHD. UBS AG restated a “sell” rating and set a $46.00 price target (up from $45.00) on shares of Church & Dwight in a report on Friday, May 5th. Zacks Investment Research cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a report on Monday. Jefferies Group LLC restated a “buy” rating and set a $63.00 price target on shares of Church & Dwight in a report on Thursday. BMO Capital Markets set a $50.00 price target on shares of Church & Dwight and gave the company a “hold” rating in a report on Monday, July 17th. Finally, BidaskClub cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. Church & Dwight has an average rating of “Hold” and an average price target of $51.22.
About Church & Dwight
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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