Cidel Asset Management Inc. Sells 162,694 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Cidel Asset Management Inc. lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 96.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,605 shares of the company’s stock after selling 162,694 shares during the quarter. Cidel Asset Management Inc.’s holdings in Church & Dwight were worth $685,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. First Pacific Financial lifted its holdings in shares of Church & Dwight by 4.6% during the 2nd quarter. First Pacific Financial now owns 11,252 shares of the company’s stock valued at $1,167,000 after purchasing an additional 491 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Church & Dwight by 1.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 209,697 shares of the company’s stock valued at $21,741,000 after purchasing an additional 1,976 shares in the last quarter. KFG Wealth Management LLC increased its position in shares of Church & Dwight by 3.1% during the 2nd quarter. KFG Wealth Management LLC now owns 4,703 shares of the company’s stock worth $488,000 after purchasing an additional 142 shares during the last quarter. Bellecapital International Ltd. raised its stake in shares of Church & Dwight by 0.5% during the 2nd quarter. Bellecapital International Ltd. now owns 32,132 shares of the company’s stock worth $3,331,000 after purchasing an additional 169 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Church & Dwight by 0.9% in the 2nd quarter. Blue Trust Inc. now owns 68,854 shares of the company’s stock valued at $7,182,000 after acquiring an additional 629 shares during the period. 86.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CHD. Stifel Nicolaus dropped their price target on Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a report on Monday, August 5th. Barclays boosted their target price on shares of Church & Dwight from $80.00 to $82.00 and gave the company an “underweight” rating in a research report on Tuesday, August 6th. Evercore ISI lowered 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 research report on Monday, August 5th. Morgan Stanley cut their price objective on shares of Church & Dwight from $114.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, BNP Paribas started coverage on shares of Church & Dwight in a report on Monday, June 24th. They set a “neutral” rating and a $114.00 target price on the stock. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Church & Dwight presently has an average rating of “Hold” and a consensus price target of $106.58.

Insider Activity

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

Church & Dwight Price Performance

CHD stock traded up $0.88 on Tuesday, reaching $101.04. 334,529 shares of the company’s stock were exchanged, compared to its average volume of 1,365,734. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. Church & Dwight Co., Inc. has a twelve month low of $82.25 and a twelve month high of $110.31. The firm has a market cap of $24.74 billion, a PE ratio of 32.01, a P/E/G ratio of 3.37 and a beta of 0.52. The stock has a fifty day moving average of $103.43 and a 200-day moving average of $103.60.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.09. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 EPS. As a group, equities analysts predict that Church & Dwight Co., Inc. will post 3.43 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be given a $0.2838 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.12%. Church & Dwight’s payout ratio is currently 35.87%.

About Church & Dwight

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.