Church & Dwight Co., Inc. (NYSE:CHD) Holdings Lessened by Watch Point Trust Co

Watch Point Trust Co lowered its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,510 shares of the company’s stock after selling 200 shares during the quarter. Church & Dwight accounts for about 3.3% of Watch Point Trust Co’s investment portfolio, making the stock its 3rd largest position. Watch Point Trust Co’s holdings in Church & Dwight were worth $6,283,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Church & Dwight by 1.9% during the second quarter. Vanguard Group Inc. now owns 29,006,550 shares of the company’s stock valued at $2,119,218,000 after buying an additional 531,679 shares during the last quarter. BlackRock Inc. raised its position in shares of Church & Dwight by 5.9% during the second quarter. BlackRock Inc. now owns 20,701,434 shares of the company’s stock valued at $1,512,447,000 after buying an additional 1,151,283 shares during the last quarter. Morgan Stanley raised its position in shares of Church & Dwight by 10.2% during the second quarter. Morgan Stanley now owns 5,981,868 shares of the company’s stock valued at $437,037,000 after buying an additional 556,109 shares during the last quarter. Invesco Ltd. raised its position in shares of Church & Dwight by 116.9% during the second quarter. Invesco Ltd. now owns 5,393,316 shares of the company’s stock valued at $394,035,000 after buying an additional 2,906,844 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Church & Dwight by 3.9% during the second quarter. Northern Trust Corp now owns 3,063,245 shares of the company’s stock valued at $223,801,000 after buying an additional 114,652 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

CHD traded up $0.39 during trading hours on Friday, hitting $67.58. The company’s stock had a trading volume of 1,637,067 shares, compared to its average volume of 1,614,998. The business’s 50-day moving average price is $73.41 and its 200-day moving average price is $74.97. Church & Dwight Co., Inc. has a 12 month low of $59.64 and a 12 month high of $80.99. The stock has a market cap of $16.51 billion, a price-to-earnings ratio of 29.77, a P/E/G ratio of 3.09 and a beta of 0.12. The company has a current ratio of 0.80, a quick ratio of 0.46 and a debt-to-equity ratio of 0.71.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.05. Church & Dwight had a net margin of 14.33% and a return on equity of 24.91%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the business posted $0.58 earnings per share. Church & Dwight’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts forecast that Church & Dwight Co., Inc. will post 2.48 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.2275 dividend. This represents a $0.91 annualized dividend and a yield of 1.35%. The ex-dividend date is Thursday, November 14th. Church & Dwight’s dividend payout ratio is presently 40.09%.

In other Church & Dwight news, Director Bradley C. Irwin sold 16,718 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $78.96, for a total transaction of $1,320,053.28. Following the transaction, the director now owns 62,197 shares in the company, valued at $4,911,075.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew Farrell acquired 7,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were purchased at an average price of $71.32 per share, for a total transaction of $499,240.00. Following the transaction, the chief executive officer now directly owns 111,362 shares of the company’s stock, valued at $7,942,337.84. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 9,004 shares of company stock worth $641,458 and sold 90,418 shares worth $7,198,251. Insiders own 2.00% of the company’s stock.

Several equities research analysts have recently issued reports on CHD shares. Jefferies Financial Group set a $86.00 price objective on shares of Church & Dwight and gave the company a “buy” rating in a research report on Friday, September 13th. Citigroup upgraded shares of Church & Dwight from a “sell” rating to a “neutral” rating and set a $71.00 price objective on the stock in a research report on Friday, November 1st. Bank of America upgraded shares of Church & Dwight from a “neutral” rating to a “buy” rating and set a $83.00 price objective on the stock in a research report on Friday, September 27th. Oppenheimer set a $85.00 price objective on shares of Church & Dwight and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, ValuEngine cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $73.47.

About Church & Dwight

Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.

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

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