Principal Financial Group Inc. Boosts Stake in Church & Dwight Company, Inc. (CHD)

Principal Financial Group Inc. increased its position in Church & Dwight Company, Inc. (NYSE:CHD) by 11.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 440,905 shares of the company’s stock after purchasing an additional 45,203 shares during the period. Principal Financial Group Inc. owned 0.18% of Church & Dwight worth $22,874,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Somerset Trust Co lifted its holdings in shares of Church & Dwight by 0.4% in the 2nd quarter. Somerset Trust Co now owns 10,661 shares of the company’s stock valued at $553,000 after purchasing an additional 44 shares during the last quarter. Boston Financial Mangement LLC lifted its holdings in shares of Church & Dwight by 1.4% in the 1st quarter. Boston Financial Mangement LLC now owns 4,970 shares of the company’s stock valued at $248,000 after purchasing an additional 70 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of Church & Dwight by 1.0% in the 1st quarter. Flagship Harbor Advisors LLC now owns 8,812 shares of the company’s stock valued at $440,000 after purchasing an additional 86 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Church & Dwight by 3.2% in the 1st quarter. Pacer Advisors Inc. now owns 4,896 shares of the company’s stock valued at $244,000 after purchasing an additional 154 shares during the last quarter. Finally, Atria Investments LLC lifted its holdings in shares of Church & Dwight by 2.5% in the 2nd quarter. Atria Investments LLC now owns 6,491 shares of the company’s stock valued at $337,000 after purchasing an additional 158 shares during the last quarter. 79.65% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Company, Inc. (CHD) opened at 49.62 on Tuesday. Church & Dwight Company, Inc. has a 52 week low of $42.56 and a 52 week high of $54.18. The stock has a market capitalization of $12.38 billion, a P/E ratio of 29.34 and a beta of 0.60. The stock’s 50 day moving average price is $50.75 and its 200-day moving average price is $50.95.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02. The company had revenue of $898 million for the quarter, compared to analysts’ expectations of $903.87 million. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. Equities research analysts expect that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were issued a dividend of $0.19 per share. The ex-dividend date was Friday, August 11th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.53%. Church & Dwight’s dividend payout ratio (DPR) is presently 44.97%.

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In other news, EVP Steven P. Cugine sold 177,940 shares of Church & Dwight stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $50.30, for a total transaction of $8,950,382.00. Following the sale, the executive vice president now owns 46,348 shares of the company’s stock, valued at $2,331,304.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Steven J. Katz sold 11,200 shares of Church & Dwight stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $50.17, for a total value of $561,904.00. Following the sale, the vice president now directly owns 4,458 shares in the company, valued at approximately $223,657.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 198,858 shares of company stock worth $9,996,631. Corporate insiders own 2.00% of the company’s stock.

Several analysts have commented on the company. Zacks Investment Research downgraded Church & Dwight from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $59.00 price objective on shares of Church & Dwight in a research note on Tuesday, June 13th. BMO Capital Markets set a $50.00 price objective on Church & Dwight and gave the company a “hold” rating in a research note on Monday, July 17th. Morgan Stanley downgraded Church & Dwight from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 16th. Finally, UBS AG reaffirmed a “sell” rating and set a $48.00 price objective (up from $46.00) on shares of Church & Dwight in a research note on Tuesday, July 18th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company’s stock. Church & Dwight presently has an average rating of “Hold” and a consensus price target of $51.07.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.

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

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