Stance Capital LLC bought a new stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,393 shares of the company’s stock, valued at approximately $1,287,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in Church & Dwight by 1.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 353,960 shares of the company’s stock worth $38,968,000 after purchasing an additional 5,367 shares during the period. Boston Trust Walden Corp lifted its holdings in shares of Church & Dwight by 7.8% in the 2nd quarter. Boston Trust Walden Corp now owns 201,620 shares of the company’s stock valued at $19,378,000 after buying an additional 14,523 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Church & Dwight by 5.7% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 521,963 shares of the company’s stock worth $50,166,000 after acquiring an additional 28,201 shares during the period. Triton Financial Group Inc acquired a new stake in Church & Dwight during the second quarter worth about $1,277,000. Finally, Acadian Asset Management LLC raised its position in Church & Dwight by 121.9% during the second quarter. Acadian Asset Management LLC now owns 547,601 shares of the company’s stock valued at $52,618,000 after acquiring an additional 300,785 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.
Church & Dwight Stock Up 1.2%
Shares of CHD opened at $84.59 on Monday. The stock has a 50 day moving average price of $85.34 and a 200 day moving average price of $91.30. Church & Dwight Co., Inc. has a one year low of $81.33 and a one year high of $116.46. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.66 and a current ratio of 1.09. The stock has a market capitalization of $20.31 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 4.24 and a beta of 0.46.
Church & Dwight Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were issued a $0.295 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.18 dividend on an annualized basis and a yield of 1.4%. Church & Dwight’s dividend payout ratio is presently 37.11%.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on CHD shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Church & Dwight in a research note on Monday, December 8th. Argus lowered their target price on shares of Church & Dwight from $110.00 to $102.00 and set a “buy” rating on the stock in a research note on Thursday, December 4th. Barclays set a $82.00 target price on Church & Dwight and gave the company an “underweight” rating in a research report on Tuesday, November 4th. Wells Fargo & Company reduced their price target on Church & Dwight from $108.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Finally, Bank of America dropped their price objective on Church & Dwight from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $99.22.
Read Our Latest Analysis on CHD
Church & Dwight Company Profile
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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, 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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