Commerce Bank Sells 2,055 Shares of Church & Dwight Co., Inc. (CHD)

Commerce Bank lessened its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,537 shares of the company’s stock after selling 2,055 shares during the period. Commerce Bank’s holdings in Church & Dwight were worth $6,444,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Copeland Capital Management LLC lifted its holdings in shares of Church & Dwight by 0.3% in the third quarter. Copeland Capital Management LLC now owns 331,955 shares of the company’s stock valued at $19,708,000 after purchasing an additional 1,148 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Church & Dwight by 45.4% in the third quarter. Private Advisor Group LLC now owns 33,538 shares of the company’s stock valued at $1,991,000 after purchasing an additional 10,475 shares in the last quarter. Penobscot Investment Management Company Inc. lifted its holdings in shares of Church & Dwight by 3.9% in the third quarter. Penobscot Investment Management Company Inc. now owns 59,315 shares of the company’s stock valued at $3,521,000 after purchasing an additional 2,230 shares in the last quarter. Moody National Bank Trust Division lifted its holdings in shares of Church & Dwight by 985.2% in the third quarter. Moody National Bank Trust Division now owns 168,375 shares of the company’s stock valued at $9,996,000 after purchasing an additional 152,860 shares in the last quarter. Finally, First National Trust Co lifted its holdings in shares of Church & Dwight by 17.0% in the third quarter. First National Trust Co now owns 62,877 shares of the company’s stock valued at $3,733,000 after purchasing an additional 9,144 shares in the last quarter. 85.19% of the stock is currently owned by institutional investors.

In related news, Director Arthur B. Winkleblack sold 8,058 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $55.94, for a total transaction of $450,764.52. Following the completion of the transaction, the director now owns 75,187 shares of the company’s stock, valued at $4,205,960.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert D. Leblanc sold 17,544 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $55.90, for a total transaction of $980,709.60. Following the transaction, the director now directly owns 66,903 shares of the company’s stock, valued at approximately $3,739,877.70. The disclosure for this sale can be found here. Insiders have sold 658,140 shares of company stock valued at $40,360,431 in the last ninety days. 2.00% of the stock is currently owned by company insiders.

Shares of CHD opened at $67.88 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 0.77. The company has a market cap 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 Co., Inc. has a 1 year low of $43.42 and a 1 year high of $67.91.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.58 EPS for the quarter, topping the 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 business posted $0.49 earnings per share. Church & Dwight’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts predict that Church & Dwight Co., Inc. will post 2.28 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be given a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a yield of 1.28%. The ex-dividend date is Wednesday, November 14th. Church & Dwight’s dividend payout ratio (DPR) is 44.85%.

CHD has been the topic of several recent analyst reports. Bank of America upped their price objective on shares of Church & Dwight from $51.00 to $55.00 and gave the company an “underperform” rating in a research note on Monday, July 16th. UBS Group initiated coverage on shares of Church & Dwight in a research note on Thursday, July 19th. They set a “neutral” rating and a $57.00 price objective on the stock. Oppenheimer upped their price objective on shares of Church & Dwight from $54.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, July 19th. BMO Capital Markets upped their price objective on shares of Church & Dwight from $47.00 to $55.00 and gave the company a “hold” rating in a research note on Friday, August 3rd. They noted that the move was a valuation call. Finally, Royal Bank of Canada upped their price objective on shares of Church & Dwight to $60.00 and gave the company a “fair value” rating in a research note on Friday, August 3rd. Five analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $58.47.

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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.

See Also: Price to Earnings Ratio (PE) Basics

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

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