Church & Dwight Co., Inc. (CHD) Position Lessened by DNB Asset Management AS

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DNB Asset Management AS lessened its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 11.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,570 shares of the company’s stock after selling 5,926 shares during the period. DNB Asset Management AS’s holdings in Church & Dwight were worth $3,175,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CHD. Bank of America Corp DE raised its position in Church & Dwight by 4.5% during the fourth quarter. Bank of America Corp DE now owns 2,657,043 shares of the company’s stock valued at $174,728,000 after purchasing an additional 113,257 shares in the last quarter. First Financial Bank Trust Division raised its position in Church & Dwight by 1.7% during the fourth quarter. First Financial Bank Trust Division now owns 88,740 shares of the company’s stock valued at $5,835,000 after purchasing an additional 1,513 shares in the last quarter. Natixis Advisors L.P. raised its position in Church & Dwight by 5.3% during the fourth quarter. Natixis Advisors L.P. now owns 51,434 shares of the company’s stock valued at $3,382,000 after purchasing an additional 2,579 shares in the last quarter. Davis R M Inc. raised its position in Church & Dwight by 42.0% during the fourth quarter. Davis R M Inc. now owns 10,753 shares of the company’s stock valued at $707,000 after purchasing an additional 3,183 shares in the last quarter. Finally, Bank of Montreal Can raised its position in Church & Dwight by 23.2% during the fourth quarter. Bank of Montreal Can now owns 355,259 shares of the company’s stock valued at $23,363,000 after purchasing an additional 66,927 shares in the last quarter. Institutional investors own 82.50% of the company’s stock.

Shares of NYSE:CHD opened at $73.89 on Monday. Church & Dwight Co., Inc. has a 12-month low of $44.87 and a 12-month high of $74.14. The stock has a market cap of $18.13 billion, a PE ratio of 32.55, a P/E/G ratio of 3.58 and a beta of 0.23. The company has a current ratio of 0.81, a quick ratio of 0.52 and a debt-to-equity ratio of 0.61.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Tuesday, February 5th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). Church & Dwight had a net margin of 13.72% and a return on equity of 24.80%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business posted $0.52 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, analysts anticipate that Church & Dwight Co., Inc. will post 2.46 EPS for the current year.

CHD has been the topic of a number of research reports. Morgan Stanley set a $58.00 price target on Church & Dwight and gave the company a “sell” rating in a research report on Thursday, December 20th. Zacks Investment Research downgraded Church & Dwight from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Goldman Sachs Group upgraded Church & Dwight from a “sell” rating to a “neutral” rating and set a $61.00 price target on the stock in a research report on Tuesday, February 5th. Deutsche Bank upgraded Church & Dwight from a “sell” rating to a “hold” rating and set a $60.46 price target on the stock in a research report on Wednesday, February 6th. Finally, Oppenheimer restated an “outperform” rating and set a $73.00 price target on shares of Church & Dwight in a research report on Wednesday, February 6th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $66.40.

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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 baking soda, cat litter, carpet deodorization, and laundry detergent under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergent, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH; and home pregnancy and ovulation test kits under the FIRST RESPONSE brand.

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

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