Iberiabank Corp Buys 931 Shares of Church & Dwight Co., Inc. (CHD)

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Iberiabank Corp raised its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 14.7% during the third quarter, Holdings Channel reports. The fund owned 7,270 shares of the company’s stock after buying an additional 931 shares during the period. Iberiabank Corp’s holdings in Church & Dwight were worth $432,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OppenheimerFunds Inc. lifted its holdings in shares of Church & Dwight by 80,441.5% during the second quarter. OppenheimerFunds Inc. now owns 5,905,303 shares of the company’s stock valued at $313,926,000 after purchasing an additional 5,897,971 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Church & Dwight by 45.0% during the second quarter. Wells Fargo & Company MN now owns 3,428,959 shares of the company’s stock valued at $182,283,000 after purchasing an additional 1,064,241 shares in the last quarter. FMR LLC lifted its holdings in shares of Church & Dwight by 7.4% during the second quarter. FMR LLC now owns 2,758,699 shares of the company’s stock valued at $146,652,000 after purchasing an additional 190,608 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Church & Dwight by 37.1% during the second quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock valued at $94,731,000 after purchasing an additional 482,109 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Church & Dwight by 0.7% during the second quarter. Swiss National Bank now owns 1,690,016 shares of the company’s stock valued at $89,841,000 after purchasing an additional 12,300 shares in the last quarter. 85.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CHD opened at $56.07 on Friday. 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 $14.57 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 2.60 and a beta of 0.38. Church & Dwight Co., Inc. has a 52 week low of $43.21 and a 52 week high of $60.42.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 earnings per share. As a group, research analysts anticipate that Church & Dwight Co., Inc. will post 2.28 earnings per share for the current fiscal year.

A number of research analysts have weighed in on the company. Bank of America increased their target price on Church & Dwight from $55.00 to $58.00 and gave the company an “underperform” rating in a report on Thursday, October 4th. BMO Capital Markets increased their target price on Church & Dwight from $47.00 to $55.00 and gave the company a “hold” rating in a report on Friday, August 3rd. They noted that the move was a valuation call. Atlantic Securities assumed coverage on Church & Dwight in a report on Thursday, September 20th. They issued an “overweight” rating and a $70.00 target price on the stock. ValuEngine raised Church & Dwight from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Finally, Deutsche Bank downgraded Church & Dwight from a “hold” rating to a “sell” rating and set a $51.00 target price on the stock. in a report on Wednesday. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. Church & Dwight has a consensus rating of “Hold” and an average price target of $55.47.

In other Church & Dwight news, Director Arthur B. Winkleblack sold 8,058 shares of the company’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $55.94, for a total value of $450,764.52. Following the completion of the sale, the director now owns 75,187 shares in the company, valued at $4,205,960.78. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert K. Shearer sold 16,718 shares of the company’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $57.82, for a total value of $966,634.76. Following the completion of the sale, the director now owns 45,826 shares of the company’s stock, valued at approximately $2,649,659.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 473,800 shares of company stock valued at $27,051,358. Company 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. 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.

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

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