Fiduciary Trust Co. lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 522,385 shares of the company’s stock after selling 12,652 shares during the period. Church & Dwight accounts for 1.0% of Fiduciary Trust Co.’s investment portfolio, making the stock its 21st largest position. Fiduciary Trust Co.’s holdings in Church & Dwight were worth $37,210,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Strategic Financial Services Inc boosted its stake in Church & Dwight by 0.4% during the first quarter. Strategic Financial Services Inc now owns 35,536 shares of the company’s stock worth $2,531,000 after buying an additional 145 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in Church & Dwight by 27.2% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 735 shares of the company’s stock worth $48,000 after buying an additional 157 shares during the last quarter. Tompkins Financial Corp boosted its stake in Church & Dwight by 3.5% during the first quarter. Tompkins Financial Corp now owns 4,937 shares of the company’s stock worth $293,000 after buying an additional 169 shares during the last quarter. HCR Wealth Advisors boosted its stake in Church & Dwight by 1.4% during the fourth quarter. HCR Wealth Advisors now owns 12,385 shares of the company’s stock worth $814,000 after buying an additional 170 shares during the last quarter. Finally, Sandy Spring Bank boosted its stake in Church & Dwight by 7.3% during the first quarter. Sandy Spring Bank now owns 2,561 shares of the company’s stock worth $182,000 after buying an additional 175 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors.
In related news, EVP Steven P. Cugine sold 14,500 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $74.21, for a total transaction of $1,076,045.00. Following the transaction, the executive vice president now owns 38,766 shares of the company’s stock, valued at approximately $2,876,824.86. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Britta Bomhard sold 27,000 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $73.43, for a total value of $1,982,610.00. Following the transaction, the vice president now directly owns 32,219 shares in the company, valued at approximately $2,365,841.17. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,672 shares of company stock worth $7,527,799. 2.00% of the stock is owned by corporate insiders.
Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, May 2nd. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the company earned $0.63 EPS. Church & Dwight’s revenue was up 3.8% on a year-over-year basis. Equities analysts forecast that Church & Dwight Co., Inc. will post 2.48 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a dividend of $0.2275 per share. This represents a $0.91 annualized dividend and a yield of 1.23%. The ex-dividend date is Tuesday, May 14th. Church & Dwight’s payout ratio is 40.09%.
Several equities analysts have recently commented on CHD shares. Goldman Sachs Group raised Church & Dwight from a “sell” rating to a “neutral” rating and set a $61.00 price target on the stock in a research note on Tuesday, February 5th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $62.00 price target on shares of Church & Dwight in a research note on Thursday, February 21st. Zacks Investment Research lowered Church & Dwight from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $73.00 price target on shares of Church & Dwight in a research note on Wednesday, February 6th. Finally, Bank of America raised Church & Dwight from an “underperform” rating to a “neutral” rating and set a $75.00 price target on the stock in a research note on Friday, March 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. Church & Dwight has an average rating of “Hold” and a consensus price target of $67.89.
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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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