Pittenger & Anderson Inc. decreased its stake in Church & Dwight Company, Inc. (NYSE:CHD) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,050 shares of the company’s stock after selling 1,380 shares during the period. Pittenger & Anderson Inc.’s holdings in Church & Dwight were worth $2,856,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Tredje AP fonden bought a new position in Church & Dwight in the 2nd quarter valued at approximately $140,000. Westside Investment Management Inc. bought a new position in Church & Dwight in the 1st quarter valued at approximately $149,000. Parallel Advisors LLC lifted its stake in Church & Dwight by 53.5% in the 1st quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock valued at $161,000 after purchasing an additional 1,150 shares during the last quarter. Clean Yield Group bought a new position in Church & Dwight in the 1st quarter valued at approximately $178,000. Finally, Van ECK Associates Corp lifted its stake in Church & Dwight by 8.2% in the 1st quarter. Van ECK Associates Corp now owns 3,803 shares of the company’s stock valued at $190,000 after purchasing an additional 288 shares during the last quarter. 79.65% of the stock is owned by institutional investors and hedge funds.
Church & Dwight Company, Inc. (CHD) traded up 1.03% during trading on Friday, hitting $50.17. 1,183,679 shares of the stock traded hands. The stock has a market cap of $12.52 billion, a PE ratio of 29.67 and a beta of 0.60. The company has a 50-day moving average price of $50.39 and a 200-day moving average price of $50.92. Church & Dwight Company, Inc. has a 12 month low of $42.56 and a 12 month high of $54.18.
Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. The firm had revenue of $898.00 million during the quarter, compared to analyst estimates of $903.87 million. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. Equities research analysts expect that Church & Dwight Company, Inc. will post $1.93 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were issued a $0.19 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.53%. Church & Dwight’s payout ratio is 44.97%.
Several equities analysts recently commented on the stock. BidaskClub downgraded shares of Church & Dwight from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Macquarie assumed coverage on shares of Church & Dwight in a research note on Friday. They issued a “neutral” rating and a $52.00 price objective for the company. Zacks Investment Research raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Thursday, June 1st. Jefferies Group LLC reissued a “buy” rating and issued a $63.00 price objective on shares of Church & Dwight in a research note on Thursday, August 3rd. Finally, Barclays PLC set a $49.00 price objective on shares of Church & Dwight and gave the company a “sell” rating in a research note on Sunday, August 6th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $51.14.
In related news, Director Robert D. Leblanc sold 9,718 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $49.84, for a total transaction of $484,345.12. Following the completion of the sale, the director now directly owns 56,497 shares in the company, valued at approximately $2,815,810.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven P. Cugine sold 177,940 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.30, for a total transaction of $8,950,382.00. Following the sale, the executive vice president now owns 46,348 shares of the company’s stock, valued at $2,331,304.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 198,858 shares of company stock valued at $9,996,631. Company insiders own 2.00% of the company’s stock.
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Church & Dwight Profile
Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.
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