Northern Trust Corp Purchases 114,652 Shares of Church & Dwight Co., Inc. (NYSE:CHD)
Northern Trust Corp increased its position in Church & Dwight Co., Inc. (NYSE:CHD) by 3.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,063,245 shares of the company’s stock after buying an additional 114,652 shares during the quarter. Northern Trust Corp owned 1.24% of Church & Dwight worth $223,801,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of CHD. Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Church & Dwight by 45.7% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 412,431 shares of the company’s stock valued at $30,132,000 after purchasing an additional 129,350 shares during the period. GAM Holding AG increased its stake in Church & Dwight by 7.2% during the first quarter. GAM Holding AG now owns 191,881 shares of the company’s stock worth $13,668,000 after acquiring an additional 12,882 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Church & Dwight by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,139,618 shares of the company’s stock worth $74,943,000 after purchasing an additional 23,690 shares during the period. Great West Life Assurance Co. Can raised its holdings in Church & Dwight by 18.4% in the first quarter. Great West Life Assurance Co. Can now owns 250,972 shares of the company’s stock valued at $17,836,000 after buying an additional 38,946 shares during the period. Finally, Zions Bancorporation N.A. purchased a new position in Church & Dwight in the first quarter valued at about $303,000. Institutional investors own 82.34% of the company’s stock.
In other news, Director James Craigie sold 4,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $80.31, for a total transaction of $321,240.00. Following the transaction, the director now owns 9,806 shares in the company, valued at approximately $787,519.86. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Maynadier Patrick D. De sold 37,500 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $80.00, for a total transaction of $3,000,000.00. Following the transaction, the executive vice president now owns 47,231 shares in the company, valued at approximately $3,778,480. The disclosure for this sale can be found here. Insiders have sold a total of 90,418 shares of company stock valued at $7,198,251 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.
Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. Church & Dwight had a return on equity of 24.57% and a net margin of 14.24%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the company posted $0.49 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, analysts forecast that Church & Dwight Co., Inc. will post 2.48 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Wednesday, August 14th. Church & Dwight’s dividend payout ratio is currently 40.09%.
A number of equities research analysts have weighed in on CHD shares. Zacks Investment Research lowered Church & Dwight from a “buy” rating to a “hold” rating and set a $77.00 price objective for the company. in a research note on Thursday, May 30th. Jefferies Financial Group set a $86.00 price target on shares of Church & Dwight and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Stifel Nicolaus upped their price target on shares of Church & Dwight from $71.00 to $74.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Finally, SunTrust Banks boosted their price target on Church & Dwight to $80.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $71.34.
Church & Dwight Company 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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