Huntington National Bank Has $14.45 Million Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)
Huntington National Bank lowered its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 5.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 186,889 shares of the company’s stock after selling 11,775 shares during the quarter. Huntington National Bank owned about 0.08% of Church & Dwight worth $14,447,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of CHD. Van ECK Associates Corp increased its stake in shares of Church & Dwight by 10.2% during the first quarter. Van ECK Associates Corp now owns 10,384 shares of the company’s stock worth $666,000 after acquiring an additional 958 shares during the period. AXA raised its stake in shares of Church & Dwight by 6.2% in the 1st quarter. AXA now owns 297,235 shares of the company’s stock valued at $19,076,000 after acquiring an additional 17,243 shares during the period. Ellevest Inc. raised its stake in shares of Church & Dwight by 6.3% in the 2nd quarter. Ellevest Inc. now owns 3,679 shares of the company’s stock valued at $284,000 after acquiring an additional 219 shares during the period. State Street Corp grew its holdings in Church & Dwight by 1.2% during the 1st quarter. State Street Corp now owns 13,291,718 shares of the company’s stock valued at $853,062,000 after purchasing an additional 159,378 shares in the last quarter. Finally, PGGM Investments acquired a new stake in Church & Dwight during the 2nd quarter valued at $7,772,000. 81.40% of the stock is owned by institutional investors.
In related news, EVP Steven P. Cugine sold 14,990 shares of Church & Dwight stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $79.89, for a total value of $1,197,551.10. Following the completion of the sale, the executive vice president now owns 39,452 shares of the company’s stock, valued at $3,151,820.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven P. Cugine sold 20,800 shares of Church & Dwight stock in a transaction on Friday, July 10th. The stock was sold at an average price of $82.89, for a total value of $1,724,112.00. Following the completion of the sale, the executive vice president now directly owns 45,262 shares of the company’s stock, valued at approximately $3,751,767.18. The disclosure for this sale can be found here. In the last three months, insiders sold 265,225 shares of company stock valued at $19,915,197. Corporate insiders own 2.00% of the company’s stock.
Church & Dwight (NYSE:CHD) last released its earnings results on Friday, July 31st. The company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.14. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Church & Dwight had a return on equity of 24.62% and a net margin of 14.96%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 EPS. On average, research analysts forecast that Church & Dwight Co., Inc. will post 2.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Thursday, August 13th. Church & Dwight’s payout ratio is 38.87%.
A number of equities research analysts recently weighed in on CHD shares. JPMorgan Chase & Co. raised their price target on shares of Church & Dwight from $68.00 to $74.00 and gave the company an “underweight” rating in a report on Thursday, July 16th. Royal Bank of Canada reissued a “hold” rating and set a $65.00 price objective on shares of Church & Dwight in a report on Thursday. SunTrust Banks raised their price target on shares of Church & Dwight from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Stifel Nicolaus raised their price target on shares of Church & Dwight from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. Finally, Credit Suisse Group upgraded shares of Church & Dwight from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $74.00 to $85.00 in a research report on Thursday, June 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $78.71.
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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