Carderock Capital Management Inc. reduced its position in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 7.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 94,314 shares of the company’s stock after selling 8,019 shares during the quarter. Church & Dwight accounts for about 2.1% of Carderock Capital Management Inc.’s investment portfolio, making the stock its 18th biggest holding. Carderock Capital Management Inc.’s holdings in Church & Dwight were worth $4,570,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CHD. YorkBridge Wealth Partners LLC boosted its holdings in shares of Church & Dwight by 5.6% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,032 shares of the company’s stock valued at $106,000 after acquiring an additional 108 shares during the last quarter. Sandy Spring Bank lifted its holdings in Church & Dwight by 138.4% during the third quarter. Sandy Spring Bank now owns 2,756 shares of the company’s stock valued at $133,000 after purchasing an additional 1,600 shares in the last quarter. Tredje AP fonden purchased a new position in Church & Dwight during the second quarter valued at approximately $140,000. Acrospire Investment Management LLC lifted its holdings in Church & Dwight by 274.8% during the second quarter. Acrospire Investment Management LLC now owns 3,137 shares of the company’s stock valued at $163,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Church & Dwight by 9.6% during the second quarter. Parallel Advisors LLC now owns 3,616 shares of the company’s stock valued at $193,000 after buying an additional 317 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.

CHD has been the topic of several research reports. Morgan Stanley reduced their price target on shares of Church & Dwight from $49.00 to $46.00 and set an “underweight” rating on the stock in a research report on Friday, November 3rd. Jefferies Group cut their price objective on shares of Church & Dwight from $63.00 to $58.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. Macquarie began coverage on shares of Church & Dwight in a research note on Friday, September 15th. They set a “neutral” rating and a $52.00 target price for the company. Goldman Sachs Group reissued a “sell” rating on shares of Church & Dwight in a research note on Wednesday, October 4th. Finally, Barclays lowered their target price on shares of Church & Dwight from $49.00 to $43.00 and set an “underweight” rating for the company in a research note on Tuesday, November 7th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. Church & Dwight presently has an average rating of “Hold” and an average price target of $49.83.

Shares of Church & Dwight Company, Inc. (NYSE CHD) opened at $48.40 on Monday. Church & Dwight Company, Inc. has a one year low of $43.21 and a one year high of $54.18. The firm has a market cap of $12,096.38, a PE ratio of 26.02, a P/E/G ratio of 2.83 and a beta of 0.56. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.08.

Church & Dwight (NYSE:CHD) last announced its earnings results on Thursday, November 2nd. The company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. The business had revenue of $967.90 million during the quarter, compared to the consensus estimate of $937.20 million. Church & Dwight had a net margin of 12.32% and a return on equity of 24.82%. The firm’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. analysts anticipate that Church & Dwight Company, Inc. will post 1.92 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were issued a $0.19 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.76 dividend on an annualized basis and a yield of 1.57%. Church & Dwight’s dividend payout ratio is presently 43.68%.

Church & Dwight declared that its Board of Directors has approved a share buyback program on Thursday, November 2nd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

In other news, CFO Richard A. Dierker bought 1,146 shares of Church & Dwight stock in a transaction on Tuesday, November 7th. The stock was acquired at an average cost of $43.66 per share, for a total transaction of $50,034.36. Following the completion of the acquisition, the chief financial officer now owns 6,411 shares of the company’s stock, valued at approximately $279,904.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew Farrell bought 5,000 shares of Church & Dwight stock in a transaction on Monday, November 6th. The stock was purchased at an average price of $43.83 per share, with a total value of $219,150.00. Following the completion of the acquisition, the chief executive officer now directly owns 103,685 shares of the company’s stock, valued at approximately $4,544,513.55. The disclosure for this purchase can be found here. Insiders own 2.00% of the company’s stock.

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About Church & Dwight

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.

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

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