Canandaigua National Bank & Trust Co. cut its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 12.0% in the third quarter, HoldingsChannel.com reports. The fund owned 8,008 shares of the company’s stock after selling 1,092 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Church & Dwight were worth $475,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of CHD. Harvest Fund Management Co. Ltd acquired a new stake in shares of Church & Dwight in the third quarter valued at about $107,000. Bartlett & Co. LLC raised its position in shares of Church & Dwight by 937.5% in the second quarter. Bartlett & Co. LLC now owns 1,992 shares of the company’s stock valued at $106,000 after buying an additional 1,800 shares during the last quarter. Global Trust Asset Management LLC acquired a new stake in shares of Church & Dwight in the third quarter valued at about $142,000. Fort L.P. acquired a new stake in shares of Church & Dwight in the second quarter valued at about $129,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Church & Dwight in the second quarter valued at about $148,000. Institutional investors own 85.19% of the company’s stock.
Shares of CHD opened at $67.88 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 0.77. Church & Dwight Co., Inc. has a 12-month low of $43.42 and a 12-month high of $67.91. The stock has a market capitalization of $16.21 billion, a P/E ratio of 29.76, a PEG ratio of 2.87 and a beta of 0.31.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. Church & Dwight had a net margin of 20.25% and a return on equity of 25.00%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Church & Dwight’s quarterly revenue was up 7.2% on a year-over-year basis. Equities research analysts anticipate that Church & Dwight Co., Inc. will post 2.28 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be issued a $0.2175 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Wednesday, November 14th. Church & Dwight’s dividend payout ratio is currently 44.85%.
A number of equities research analysts have recently commented on CHD shares. Morgan Stanley increased their target price on shares of Church & Dwight from $46.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, August 3rd. Royal Bank of Canada increased their target price on shares of Church & Dwight to $60.00 and gave the company a “fair value” rating in a research report on Friday, August 3rd. BMO Capital Markets increased their target price on shares of Church & Dwight from $55.00 to $62.00 and gave the company a “hold” rating in a research report on Friday, November 2nd. Zacks Investment Research cut shares of Church & Dwight from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Church & Dwight from $58.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, November 2nd. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $58.47.
In related news, Director Arthur B. Winkleblack sold 8,058 shares of the company’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $55.94, for a total value of $450,764.52. Following the completion of the sale, the director now owns 75,187 shares of the company’s stock, valued at $4,205,960.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert K. Shearer sold 16,718 shares of the stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $57.82, for a total transaction of $966,634.76. Following the transaction, the director now directly owns 45,826 shares of the company’s stock, valued at approximately $2,649,659.32. The disclosure for this sale can be found here. Insiders sold 658,140 shares of company stock valued at $40,360,431 in the last three months. 2.00% of the stock is currently owned by insiders.
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Church & Dwight Profile
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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