DE Burlo Group Inc. Has $2.08 Million Position in Church & Dwight Co., Inc. (CHD)
DE Burlo Group Inc. lowered its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 45.8% in the fourth quarter, HoldingsChannel reports. The firm owned 41,400 shares of the company’s stock after selling 35,000 shares during the quarter. DE Burlo Group Inc.’s holdings in Church & Dwight were worth $2,077,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Sandy Spring Bank boosted its stake in Church & Dwight by 138.4% in the third quarter. Sandy Spring Bank now owns 2,756 shares of the company’s stock valued at $133,000 after acquiring an additional 1,600 shares in the last quarter. Ledyard National Bank boosted its stake in Church & Dwight by 176.3% in the fourth quarter. Ledyard National Bank now owns 2,923 shares of the company’s stock valued at $147,000 after acquiring an additional 1,865 shares in the last quarter. Hermes Investment Management Ltd. acquired a new position in Church & Dwight in the fourth quarter valued at $206,000. MUFG Americas Holdings Corp acquired a new position in Church & Dwight in the third quarter valued at $218,000. Finally, Delaney Dennis R acquired a new position in Church & Dwight in the fourth quarter valued at $241,000. Hedge funds and other institutional investors own 78.62% of the company’s stock.
Several equities analysts have issued reports on the stock. UBS Group upgraded shares of Church & Dwight from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 7th. Morgan Stanley upped their price objective on shares of Church & Dwight from $46.00 to $48.00 and gave the company an “underweight” rating in a research note on Wednesday, February 7th. BMO Capital Markets upped their price objective on shares of Church & Dwight from $45.00 to $47.00 and gave the company a “hold” rating in a research note on Tuesday, February 6th. Stifel Nicolaus upped their price objective on shares of Church & Dwight from $46.00 to $48.00 and gave the company a “hold” rating in a research note on Tuesday, February 6th. Finally, Royal Bank of Canada upped their price objective on shares of Church & Dwight to $51.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 6th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $51.40.
Church & Dwight (NYSE:CHD) last announced its earnings results on Monday, February 5th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. Church & Dwight had a net margin of 19.69% and a return on equity of 24.95%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the firm earned $0.44 earnings per share. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. research analysts expect that Church & Dwight Co., Inc. will post 2.27 EPS for the current fiscal year.
Church & Dwight announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 2nd that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.2175 per share. This is an increase from Church & Dwight’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.87 annualized dividend and a dividend yield of 1.79%. Church & Dwight’s dividend payout ratio is 26.03%.
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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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