Fairfield Bush & CO. Grows Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)
Fairfield Bush & CO. increased its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,860 shares of the company’s stock after buying an additional 650 shares during the quarter. Church & Dwight comprises about 1.3% of Fairfield Bush & CO.’s holdings, making the stock its 21st largest position. Fairfield Bush & CO.’s holdings in Church & Dwight were worth $3,136,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC acquired a new stake in Church & Dwight in the fourth quarter valued at about $26,000. Pacitti Group Inc. acquired a new stake in shares of Church & Dwight during the 4th quarter valued at approximately $26,000. Busey Wealth Management acquired a new stake in shares of Church & Dwight during the 4th quarter valued at approximately $30,000. Valeo Financial Advisors LLC lifted its position in shares of Church & Dwight by 1,019.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 470 shares of the company’s stock valued at $32,000 after acquiring an additional 428 shares during the period. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Church & Dwight during the 1st quarter worth approximately $37,000. 81.48% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CMO Britta Bomhard sold 59,260 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $73.60, for a total value of $4,361,536.00. Following the completion of the transaction, the chief marketing officer now directly owns 59,923 shares in the company, valued at $4,410,332.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ravichandra Krishnamu Saligram sold 16,000 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $71.60, for a total transaction of $1,145,600.00. Following the sale, the director now directly owns 61,154 shares of the company’s stock, valued at $4,378,626.40. The disclosure for this sale can be found here. Insiders sold 362,660 shares of company stock valued at $26,145,808 over the last quarter. Insiders own 2.00% of the company’s stock.
NYSE CHD traded down $0.73 on Wednesday, hitting $75.14. The stock had a trading volume of 77,957 shares, compared to its average volume of 1,529,173. Church & Dwight Co., Inc. has a one year low of $47.98 and a one year high of $80.99. The company has a quick ratio of 0.81, a current ratio of 1.03 and a debt-to-equity ratio of 0.64. The stock has a market cap of $18.52 billion, a price-to-earnings ratio of 28.48, a P/E/G ratio of 3.38 and a beta of 0.32. The company’s 50-day moving average is $72.21 and its two-hundred day moving average is $70.82.
Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.77 by $0.06. Church & Dwight had a net margin of 14.96% and a return on equity of 24.62%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. Church & Dwight’s quarterly revenue was up 11.5% on a year-over-year basis. On average, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 2.72 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, May 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 38.87%.
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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