WD Rutherford LLC lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 37.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,618 shares of the company’s stock after selling 12,453 shares during the period. WD Rutherford LLC’s holdings in Church & Dwight were worth $1,807,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank purchased a new stake in shares of Church & Dwight in the second quarter worth about $303,907,000. Thrivent Financial for Lutherans increased its position in shares of Church & Dwight by 3,269.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 896,306 shares of the company’s stock worth $86,134,000 after purchasing an additional 869,705 shares during the last quarter. Invesco Ltd. raised its position in shares of Church & Dwight by 25.1% during the 2nd quarter. Invesco Ltd. now owns 3,510,113 shares of the company’s stock valued at $337,357,000 after acquiring an additional 703,171 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Church & Dwight by 526.6% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 648,870 shares of the company’s stock valued at $62,363,000 after buying an additional 545,318 shares during the period. Finally, Scopus Asset Management L.P. acquired a new stake in shares of Church & Dwight during the 2nd quarter worth approximately $52,050,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.
Church & Dwight Trading Down 1.9%
CHD stock opened at $83.86 on Thursday. Church & Dwight Co., Inc. has a fifty-two week low of $81.33 and a fifty-two week high of $116.46. The stock has a market capitalization of $20.14 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 3.95 and a beta of 0.46. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.09 and a quick ratio of 0.66. The business has a fifty day moving average price of $84.49 and a 200 day moving average price of $89.66.
Church & Dwight Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were paid 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 (DPR) is currently 37.11%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. Jefferies Financial Group set a $102.00 price target on Church & Dwight in a research report on Tuesday, December 16th. Bank of America reduced their price objective on Church & Dwight from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Raymond James Financial upgraded shares of Church & Dwight from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research report on Monday. Oppenheimer set a $100.00 target price on Church & Dwight and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $100.00 price target (down from $102.00) on shares of Church & Dwight in a research note on Wednesday, December 10th. Ten analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $99.10.
View Our Latest Research Report on Church & Dwight
About Church & Dwight
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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