GW Henssler & Associates Ltd. cut its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 3.5% in the second quarter, Holdings Channel reports. The fund owned 35,627 shares of the company’s stock after selling 1,283 shares during the period. GW Henssler & Associates Ltd.’s holdings in Church & Dwight were worth $1,894,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Suntrust Banks Inc. grew its holdings in shares of Church & Dwight by 15.0% during the 1st quarter. Suntrust Banks Inc. now owns 17,404 shares of the company’s stock worth $875,000 after purchasing an additional 2,267 shares during the period. Cornerstone Wealth Management LLC purchased a new position in shares of Church & Dwight during the 2nd quarter worth $817,000. Massey Quick Simon & CO. LLC grew its holdings in shares of Church & Dwight by 100.0% during the 1st quarter. Massey Quick Simon & CO. LLC now owns 4,500 shares of the company’s stock worth $227,000 after purchasing an additional 2,250 shares during the period. State of Alaska Department of Revenue boosted its holdings in Church & Dwight by 8.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 98,067 shares of the company’s stock valued at $5,211,000 after acquiring an additional 7,470 shares during the period. Finally, Iberiabank Corp boosted its holdings in Church & Dwight by 20.9% during the 2nd quarter. Iberiabank Corp now owns 6,339 shares of the company’s stock valued at $337,000 after acquiring an additional 1,094 shares during the period. 81.16% of the stock is owned by institutional investors and hedge funds.

Shares of Church & Dwight opened at $55.74 on Friday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.79 and a quick ratio of 0.46. The stock has a market capitalization of $13.73 billion, a PE ratio of 26.26, a P/E/G ratio of 2.45 and a beta of 0.43. Church & Dwight Co., Inc. has a 1 year low of $43.21 and a 1 year high of $58.03.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Church & Dwight had a return on equity of 25.21% and a net margin of 20.29%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. sell-side analysts expect that Church & Dwight Co., Inc. will post 2.28 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Wednesday, August 15th will be paid a $0.2175 dividend. This represents a $0.87 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Tuesday, August 14th. Church & Dwight’s payout ratio is presently 44.85%.

CHD has been the subject of a number of research analyst reports. Bank of America raised their target price on Church & Dwight from $51.00 to $55.00 and gave the company an “underperform” rating in a report on Monday, July 16th. Stifel Nicolaus raised their target price on Church & Dwight from $48.00 to $52.00 and gave the company a “hold” rating in a report on Friday, August 3rd. Barclays set a $46.00 target price on Church & Dwight and gave the company a “sell” rating in a report on Thursday, May 3rd. Zacks Investment Research upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Monday, May 21st. Finally, Oppenheimer raised their target price on Church & Dwight from $54.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, July 19th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. Church & Dwight presently has an average rating of “Hold” and an average target price of $54.00.

In other news, Director Bradley C. Irwin sold 32,000 shares of Church & Dwight stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $57.30, for a total value of $1,833,600.00. Following the completion of the transaction, the director now owns 60,726 shares in the company, valued at approximately $3,479,599.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Steven J. Katz sold 19,760 shares of Church & Dwight stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $57.12, for a total value of $1,128,691.20. Following the completion of the transaction, the chief accounting officer now owns 21,018 shares of the company’s stock, valued at approximately $1,200,548.16. The disclosure for this sale can be found here. Insiders sold a total of 204,937 shares of company stock valued at $11,061,076 in the last quarter. Company insiders own 2.00% of the company’s stock.

Church & Dwight Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products 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; and water flossers and replacement showerheads under the WATERPIK brand.

Further Reading: Stock Symbols, CUSIP and Other Stock Identifiers

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

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