Church & Dwight Co., Inc. (NYSE:CHD) Holdings Cut by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 27.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 232,816 shares of the company’s stock after selling 87,726 shares during the quarter. Ameriprise Financial Inc. owned about 0.09% of Church & Dwight worth $11,278,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Westpac Banking Corp lifted its stake in Church & Dwight by 636.4% in the third quarter. Westpac Banking Corp now owns 115,863 shares of the company’s stock valued at $5,614,000 after buying an additional 100,129 shares during the period. Sterling Capital Management LLC lifted its stake in Church & Dwight by 4.0% in the second quarter. Sterling Capital Management LLC now owns 7,070 shares of the company’s stock valued at $367,000 after buying an additional 270 shares during the period. Huntington National Bank lifted its stake in Church & Dwight by 3.1% in the third quarter. Huntington National Bank now owns 726,553 shares of the company’s stock valued at $35,202,000 after buying an additional 21,739 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Church & Dwight by 2.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 832,247 shares of the company’s stock valued at $43,177,000 after buying an additional 21,399 shares during the period. Finally, Koch Industries Inc. acquired a new position in Church & Dwight in the second quarter valued at approximately $271,000. 79.87% of the stock is currently owned by institutional investors.

In related news, CEO Matthew Farrell purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average price of $43.83 per share, for a total transaction of $219,150.00. Following the completion of the acquisition, the chief executive officer now owns 103,685 shares of the company’s stock, valued at approximately $4,544,513.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard A. Dierker purchased 1,146 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were bought at an average price of $43.66 per share, with a total value of $50,034.36. Following the acquisition, the chief financial officer now directly owns 6,411 shares of the company’s stock, valued at approximately $279,904.26. The disclosure for this purchase can be found here. Corporate insiders own 2.00% of the company’s stock.

Several brokerages have issued reports on CHD. Zacks Investment Research raised Church & Dwight from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Tuesday. Macquarie began coverage on Church & Dwight in a research note on Friday, September 15th. They issued a “neutral” rating and a $52.00 price target on the stock. Wells Fargo & Co boosted their price target on Church & Dwight from $47.00 to $52.00 and gave the company a “market perform” rating in a research note on Thursday, January 4th. Jefferies Group reissued a “buy” rating and issued a $62.00 price target on shares of Church & Dwight in a research note on Thursday, January 4th. Finally, Deutsche Bank initiated coverage on Church & Dwight in a research note on Wednesday, December 13th. They issued a “buy” rating and a $54.00 price target on the stock. Five analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $50.70.

Church & Dwight Co., Inc. (NYSE CHD) traded down $0.43 during midday trading on Thursday, hitting $49.37. The stock had a trading volume of 1,670,000 shares, compared to its average volume of 1,960,000. The company has a market capitalization of $12,340.00, a P/E ratio of 28.37, a price-to-earnings-growth ratio of 2.70 and a beta of 0.56. Church & Dwight Co., Inc. has a 52-week low of $43.21 and a 52-week high of $54.18. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 1.05.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Church & Dwight had a return on equity of 24.82% and a net margin of 12.32%. The firm had revenue of $967.90 million during the quarter, compared to the consensus estimate of $937.20 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 11.2% on a year-over-year basis. equities analysts expect that Church & Dwight Co., Inc. will post 1.92 EPS for the current year.

Church & Dwight announced that its Board of Directors has initiated a stock buyback program on Thursday, November 2nd that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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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.

Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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