Ballentine Partners LLC Acquires Shares of 3,746 Church & Dwight Co., Inc. (CHD)

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Ballentine Partners LLC acquired a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 3,746 shares of the company’s stock, valued at approximately $223,000.

Other large investors have also recently made changes to their positions in the company. Bartlett & Co. LLC grew its holdings in shares of Church & Dwight by 937.5% during the 2nd quarter. Bartlett & Co. LLC now owns 1,992 shares of the company’s stock worth $106,000 after purchasing an additional 1,800 shares in the last quarter. Global Trust Asset Management LLC bought a new position in shares of Church & Dwight during the 3rd quarter worth approximately $142,000. Fort L.P. bought a new position in shares of Church & Dwight during the 2nd quarter worth approximately $129,000. Piedmont Investment Advisors LLC bought a new position in shares of Church & Dwight during the 2nd quarter worth approximately $148,000. Finally, Edge Wealth Management LLC lifted its position in shares of Church & Dwight by 5,600.0% during the 2nd quarter. Edge Wealth Management LLC now owns 2,850 shares of the company’s stock worth $152,000 after buying an additional 2,800 shares during the period. 84.98% of the stock is currently owned by institutional investors.

Shares of CHD opened at $59.37 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 0.81. Church & Dwight Co., Inc. has a 52-week low of $43.21 and a 52-week high of $61.28. The firm has a market capitalization of $14.78 billion, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 2.64 and a beta of 0.38.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Thursday, November 15th will be given a $0.2175 dividend. This represents a $0.87 annualized dividend and a yield of 1.47%. Church & Dwight’s payout ratio is 44.85%.

In other Church & Dwight news, CAO Steven J. Katz sold 19,760 shares of Church & Dwight stock in a transaction on Monday, August 6th. The stock was 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 in the company, valued at approximately $1,200,548.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bradley C. Irwin sold 32,000 shares of Church & Dwight stock in a transaction on Monday, August 6th. The shares were 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 of the company’s stock, valued at approximately $3,479,599.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 473,800 shares of company stock valued at $27,051,358. Corporate insiders own 2.00% of the company’s stock.

CHD has been the subject of several analyst reports. Bank of America raised their target price on Church & Dwight from $51.00 to $55.00 and gave the stock an “underperform” rating in a research report on Monday, July 16th. UBS Group initiated coverage on Church & Dwight in a research report on Thursday, July 19th. They set a “neutral” rating and a $57.00 target price for the company. Oppenheimer raised their target price on Church & Dwight from $54.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, July 19th. BMO Capital Markets raised their target price on Church & Dwight from $47.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, August 3rd. They noted that the move was a valuation call. Finally, Royal Bank of Canada raised their target price on Church & Dwight to $60.00 and gave the stock a “fair value” rating in a research report on Friday, August 3rd. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $56.33.

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.

Read More: Closed-End Mutual Funds (CEFs)

Want to see what other hedge funds are holding CHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Church & Dwight Co., Inc. (NYSE:CHD).

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

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