OLD National Bancorp IN Trims Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

OLD National Bancorp IN reduced its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,538 shares of the company’s stock after selling 405 shares during the quarter. OLD National Bancorp IN’s holdings in Church & Dwight were worth $1,093,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Church & Dwight by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock valued at $2,861,865,000 after buying an additional 354,946 shares in the last quarter. Capital International Investors boosted its stake in Church & Dwight by 1.0% in the 1st quarter. Capital International Investors now owns 9,097,575 shares of the company’s stock worth $948,968,000 after purchasing an additional 92,862 shares in the last quarter. Norges Bank bought a new position in Church & Dwight in the 4th quarter worth about $259,967,000. ProShare Advisors LLC boosted its stake in Church & Dwight by 1.8% in the 1st quarter. ProShare Advisors LLC now owns 1,783,412 shares of the company’s stock worth $186,028,000 after purchasing an additional 31,145 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Church & Dwight by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,349,676 shares of the company’s stock worth $127,625,000 after purchasing an additional 25,034 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. BNP Paribas assumed coverage on shares of Church & Dwight in a report on Monday, June 24th. They set a “neutral” rating and a $114.00 price target on the stock. Bank of America raised their price target on shares of Church & Dwight from $100.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Church & Dwight from $109.00 to $112.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Evercore ISI dropped their price target on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a report on Monday. Finally, HSBC raised their price target on shares of Church & Dwight from $110.00 to $114.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Church & Dwight has an average rating of “Hold” and a consensus target price of $106.58.

Church & Dwight Stock Performance

NYSE CHD traded up $0.01 during trading hours on Friday, reaching $102.22. The stock had a trading volume of 1,451,047 shares, compared to its average volume of 1,376,401. The stock has a fifty day moving average of $104.32 and a 200 day moving average of $103.51. The stock has a market cap of $25.03 billion, a P/E ratio of 32.45, a price-to-earnings-growth ratio of 3.39 and a beta of 0.52. Church & Dwight Co., Inc. has a 52-week low of $82.25 and a 52-week high of $110.31. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.53.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, August 2nd. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.09. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Church & Dwight’s revenue for the quarter was up 3.9% on a year-over-year basis. Sell-side analysts predict that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current year.

Church & Dwight Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, August 15th. Church & Dwight’s payout ratio is 35.87%.

Insider Transactions at Church & Dwight

In related news, EVP Barry A. Bruno sold 59,328 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $429,179.03. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 20,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $107.67, for a total value of $2,153,400.00. Following the completion of the sale, the director now directly owns 13,793 shares in the company, valued at approximately $1,485,092.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Barry A. Bruno sold 59,328 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the sale, the executive vice president now owns 4,319 shares of the company’s stock, valued at $429,179.03. The disclosure for this sale can be found here. Insiders sold a total of 220,722 shares of company stock valued at $23,139,816 in the last three months. 2.00% of the stock is currently owned by company insiders.

Church & Dwight Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics 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; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.