Arjuna Capital boosted its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 12.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 39,004 shares of the company’s stock after purchasing an additional 4,307 shares during the quarter. Church & Dwight comprises about 2.1% of Arjuna Capital’s holdings, making the stock its 12th biggest holding. Arjuna Capital’s holdings in Church & Dwight were worth $2,778,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in CHD. Bank of America Corp DE raised its stake in Church & Dwight by 4.5% during the 4th quarter. Bank of America Corp DE now owns 2,657,043 shares of the company’s stock worth $174,728,000 after acquiring an additional 113,257 shares during the period. Sigma Planning Corp raised its stake in Church & Dwight by 3.3% during the 1st quarter. Sigma Planning Corp now owns 8,425 shares of the company’s stock worth $600,000 after acquiring an additional 271 shares during the period. Moreno Evelyn V bought a new stake in Church & Dwight during the 1st quarter worth approximately $214,000. Northern Trust Corp raised its position in shares of Church & Dwight by 2.7% during the first quarter. Northern Trust Corp now owns 2,948,593 shares of the company’s stock valued at $210,028,000 after buying an additional 77,370 shares during the last quarter. Finally, Natixis Advisors L.P. raised its position in shares of Church & Dwight by 5.3% during the fourth quarter. Natixis Advisors L.P. now owns 51,434 shares of the company’s stock valued at $3,382,000 after buying an additional 2,579 shares during the last quarter. 82.03% of the stock is currently owned by institutional investors.
In other Church & Dwight news, Director Bradley C. Irwin sold 13,172 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $72.58, for a total value of $956,023.76. Following the completion of the transaction, the director now directly owns 49,898 shares in the company, valued at $3,621,596.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven P. Cugine sold 15,540 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $78.63, for a total transaction of $1,221,910.20. Following the completion of the transaction, the executive vice president now owns 30,866 shares of the company’s stock, valued at $2,426,993.58. The disclosure for this sale can be found here. Insiders sold 159,516 shares of company stock valued at $11,866,800 over the last quarter. 2.00% of the stock is currently owned by corporate insiders.
Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.04. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.04 billion. Church & Dwight had a return on equity of 24.62% and a net margin of 14.02%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. On average, research analysts predict that Church & Dwight Co., Inc. will post 2.48 earnings per share for the current fiscal year.
Several research firms have recently issued reports on CHD. Zacks Investment Research upgraded shares of Church & Dwight from a “sell” rating to a “hold” rating in a research report on Thursday, March 28th. SunTrust Banks raised their target price on shares of Church & Dwight from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Citigroup lowered shares of Church & Dwight from a “neutral” rating to a “sell” rating and set a $73.80 target price for the company. in a report on Thursday, May 2nd. Wells Fargo & Co reissued a “hold” rating and issued a $70.00 target price on shares of Church & Dwight in a report on Thursday, May 2nd. Finally, BMO Capital Markets raised their target price on shares of Church & Dwight to $75.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $67.94.
About Church & Dwight
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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