State of Alaska Department of Revenue raised its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 7.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 105,095 shares of the company’s stock after buying an additional 7,028 shares during the quarter. State of Alaska Department of Revenue’s holdings in Church & Dwight were worth $6,237,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of CHD. OppenheimerFunds Inc. lifted its stake in Church & Dwight by 80,441.5% during the second quarter. OppenheimerFunds Inc. now owns 5,905,303 shares of the company’s stock valued at $313,926,000 after buying an additional 5,897,971 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Church & Dwight by 45.0% during the second quarter. Wells Fargo & Company MN now owns 3,428,959 shares of the company’s stock valued at $182,283,000 after buying an additional 1,064,241 shares in the last quarter. Compass Capital Management Inc. purchased a new stake in Church & Dwight during the second quarter valued at about $29,544,000. Boston Advisors LLC lifted its stake in Church & Dwight by 348.1% during the second quarter. Boston Advisors LLC now owns 622,943 shares of the company’s stock valued at $33,116,000 after buying an additional 483,922 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in Church & Dwight by 37.1% during the second quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock valued at $94,731,000 after buying an additional 482,109 shares in the last quarter. 85.09% of the stock is owned by institutional investors.
In related news, Director Robert K. Shearer sold 16,718 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $57.82, for a total value of $966,634.76. Following the transaction, the director now owns 45,826 shares in the company, valued at $2,649,659.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Richard A. Dierker sold 33,900 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $57.24, for a total value of $1,940,436.00. Following the completion of the transaction, the vice president now owns 25,376 shares in the company, valued at approximately $1,452,522.24. The disclosure for this sale can be found here. Insiders sold 473,800 shares of company stock worth $27,051,358 in the last 90 days. 2.00% of the stock is currently owned by corporate insiders.
A number of equities analysts have recently weighed in on the company. ValuEngine upgraded Church & Dwight from a “sell” rating to a “hold” rating in a report on Wednesday, June 20th. Royal Bank of Canada upped their target price on Church & Dwight to $60.00 and gave the company a “fair value” rating in a report on Friday, August 3rd. UBS Group assumed coverage on Church & Dwight in a report on Thursday, July 19th. They issued a “neutral” rating and a $57.00 target price on the stock. Atlantic Securities assumed coverage on Church & Dwight in a report on Thursday, September 20th. They issued an “overweight” rating and a $70.00 target price on the stock. Finally, Zacks Investment Research downgraded Church & Dwight from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Church & Dwight currently has a consensus rating of “Hold” and an average price target of $55.47.
Shares of CHD opened at $56.07 on Friday. The stock has a market capitalization of $14.57 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 2.60 and a beta of 0.38. Church & Dwight Co., Inc. has a fifty-two week low of $43.21 and a fifty-two week high of $60.42. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.46 and a current ratio of 0.79.
Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Thursday, August 2nd. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Church & Dwight had a return on equity of 25.21% and a net margin of 20.29%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. The firm’s revenue was up 14.5% on a year-over-year basis. On average, sell-side analysts expect that Church & Dwight Co., Inc. will post 2.28 EPS for the current fiscal year.
About Church & Dwight
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; and water flossers and replacement showerheads under the WATERPIK brand.
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