Davis R M Inc. cut its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 11.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,570 shares of the company’s stock after selling 950 shares during the period. Davis R M Inc.’s holdings in Church & Dwight were worth $449,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Global Retirement Partners LLC boosted its holdings in Church & Dwight by 24.0% in the 2nd quarter. Global Retirement Partners LLC now owns 9,124 shares of the company’s stock valued at $485,000 after purchasing an additional 1,765 shares during the period. Glenmede Trust Co. NA boosted its holdings in Church & Dwight by 37.1% in the 2nd quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock valued at $94,731,000 after purchasing an additional 482,109 shares during the period. Centaurus Financial Inc. bought a new stake in Church & Dwight in the 2nd quarter valued at $164,000. Suntrust Banks Inc. boosted its holdings in Church & Dwight by 15.0% in the 1st quarter. Suntrust Banks Inc. now owns 17,404 shares of the company’s stock valued at $875,000 after purchasing an additional 2,267 shares during the period. Finally, Gabelli Funds LLC boosted its holdings in Church & Dwight by 1.7% in the 2nd quarter. Gabelli Funds LLC now owns 256,400 shares of the company’s stock valued at $13,630,000 after purchasing an additional 4,200 shares during the period. 85.09% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Steven P. Cugine sold 30,000 shares of Church & Dwight stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $57.24, for a total transaction of $1,717,200.00. Following the completion of the transaction, the executive vice president now directly owns 58,948 shares of the company’s stock, valued at approximately $3,374,183.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bradley C. Irwin sold 32,000 shares of Church & Dwight stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $57.30, for a total transaction of $1,833,600.00. Following the transaction, the director now directly owns 60,726 shares of the company’s stock, valued at $3,479,599.80. The disclosure for this sale can be found here. Insiders have sold a total of 473,800 shares of company stock valued at $27,051,358 over the last three months. 2.00% of the stock is currently owned by insiders.
A number of brokerages have weighed in on CHD. ValuEngine raised shares of Church & Dwight from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Zacks Investment Research downgraded shares of Church & Dwight from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Deutsche Bank downgraded shares of Church & Dwight from a “hold” rating to a “sell” rating and set a $51.00 price objective for the company. in a report on Wednesday, October 10th. Oppenheimer raised their price objective on shares of Church & Dwight from $60.00 to $66.00 and gave the stock an “outperform” rating in a report on Thursday, September 27th. Finally, Atlantic Securities assumed coverage on shares of Church & Dwight in a report on Thursday, September 20th. They set an “overweight” rating and a $70.00 price objective for the company. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $55.47.
NYSE:CHD opened at $59.07 on Friday. The stock has a market cap of $14.57 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 2.60 and a beta of 0.38. Church & Dwight Co., Inc. has a 52 week low of $43.21 and a 52 week high of $60.42. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 0.81.
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. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. Church & Dwight had a net margin of 20.29% and a return on equity of 25.21%. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS. On average, equities research analysts expect that Church & Dwight Co., Inc. will post 2.28 EPS for the current 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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