TD Asset Management Inc Decreases Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

TD Asset Management Inc decreased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 146,185 shares of the company’s stock after selling 1,817 shares during the period. TD Asset Management Inc’s holdings in Church & Dwight were worth $15,156,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CHD. Norges Bank purchased a new stake in Church & Dwight in the 4th quarter valued at approximately $259,967,000. Capital International Investors lifted its stake in Church & Dwight by 39.2% in the 4th quarter. Capital International Investors now owns 9,004,713 shares of the company’s stock valued at $851,414,000 after buying an additional 2,533,877 shares in the last quarter. Capital Research Global Investors purchased a new stake in Church & Dwight in the 1st quarter valued at approximately $69,384,000. Vanguard Group Inc. lifted its stake in Church & Dwight by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock valued at $2,861,865,000 after buying an additional 354,946 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Church & Dwight by 26.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,334,950 shares of the company’s stock valued at $126,233,000 after buying an additional 277,017 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Trading Up 0.4 %

CHD stock opened at $105.60 on Tuesday. The company has a market cap of $25.85 billion, a price-to-earnings ratio of 33.52, a PEG ratio of 3.55 and a beta of 0.54. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $102.25 and a 200-day simple moving average of $104.05. Church & Dwight Co., Inc. has a 52 week low of $82.25 and a 52 week high of $110.31.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.09. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the firm earned $0.92 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts expect that Church & Dwight Co., Inc. will post 3.43 EPS for the current year.

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a $0.2838 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.14 annualized dividend and a yield of 1.07%. Church & Dwight’s dividend payout ratio is currently 35.87%.

Analyst Upgrades and Downgrades

CHD has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on Church & Dwight from $101.00 to $97.00 and set an “underweight” rating on the stock in a research note on Monday, August 5th. Morgan Stanley downgraded Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target for the company. in a report on Monday. BNP Paribas assumed coverage on Church & Dwight in a report on Monday, June 24th. They issued a “neutral” rating and a $114.00 price target for the company. Stifel Nicolaus cut 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. Finally, Barclays boosted their price target on Church & Dwight from $80.00 to $82.00 and gave the company an “underweight” rating in a report on Tuesday, August 6th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $106.58.

Insider Activity at Church & Dwight

In related news, EVP Barry A. Bruno sold 59,328 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the sale, the executive vice president now directly owns 4,319 shares in the company, valued at approximately $429,179.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Church & Dwight news, CFO Richard A. Dierker sold 86,740 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $106.56, for a total value of $9,243,014.40. Following the completion of the transaction, the chief financial officer now directly owns 7,634 shares of the company’s stock, valued at approximately $813,479.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 completion of the transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at $429,179.03. The disclosure for this sale can be found here. In the last three months, insiders sold 200,722 shares of company stock worth $20,986,416. Corporate insiders own 2.00% of the company’s stock.

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.