Mitsubishi UFJ Trust & Banking Corp Increases Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Church & Dwight Co., Inc. (NYSE:CHDFree Report) by 0.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 232,943 shares of the company’s stock after purchasing an additional 241 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.09% of Church & Dwight worth $21,345,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Nemes Rush Group LLC purchased a new stake in Church & Dwight during the 2nd quarter worth approximately $27,000. Covestor Ltd lifted its stake in Church & Dwight by 82.2% during the 2nd quarter. Covestor Ltd now owns 359 shares of the company’s stock valued at $36,000 after acquiring an additional 162 shares during the period. PSI Advisors LLC acquired a new stake in Church & Dwight during the 3rd quarter valued at approximately $39,000. Money Concepts Capital Corp lifted its stake in Church & Dwight by 468.2% during the 4th quarter. Money Concepts Capital Corp now owns 625 shares of the company’s stock valued at $50,000 after acquiring an additional 515 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new stake in Church & Dwight during the 2nd quarter valued at approximately $59,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Church & Dwight Stock Performance

NYSE:CHD opened at $98.83 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.64 and a current ratio of 1.08. The company has a fifty day moving average of $95.93 and a two-hundred day moving average of $93.95. The stock has a market capitalization of $24.35 billion, a PE ratio of 32.51, a P/E/G ratio of 3.41 and a beta of 0.54. Church & Dwight Co., Inc. has a fifty-two week low of $81.79 and a fifty-two week high of $103.21.

Church & Dwight (NYSE:CHDGet Free Report) last posted its quarterly earnings data on Friday, February 2nd. The company reported $0.65 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.65. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the business posted $0.62 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, research analysts forecast that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.2838 per share. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, February 14th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.15%. Church & Dwight’s dividend payout ratio is presently 35.86%.

Insider Transactions at Church & Dwight

In other news, EVP Rene Hemsey sold 9,280 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total transaction of $930,041.60. Following the completion of the sale, the executive vice president now owns 6,373 shares of the company’s stock, valued at $638,702.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Rene Hemsey sold 9,280 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total transaction of $930,041.60. Following the completion of the sale, the executive vice president now owns 6,373 shares of the company’s stock, valued at $638,702.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Read sold 4,500 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $96.00, for a total transaction of $432,000.00. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CHD has been the subject of several research reports. Bank of America upgraded shares of Church & Dwight from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $85.00 to $100.00 in a research note on Friday, December 15th. UBS Group lifted their price objective on shares of Church & Dwight from $99.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. JPMorgan Chase & Co. lifted their price objective on shares of Church & Dwight from $87.00 to $95.00 and gave the company an “underweight” rating in a research note on Thursday, January 18th. Jefferies Financial Group assumed coverage on shares of Church & Dwight in a research note on Monday, November 13th. They issued a “hold” rating and a $99.00 target price for the company. Finally, Raymond James upgraded shares of Church & Dwight from an “underperform” rating to a “market perform” rating in a research note on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $100.43.

Check Out Our Latest Analysis on Church & Dwight

Church & Dwight Profile

(Free Report)

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in 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; 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 showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.

Further Reading

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

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