Amalgamated Bank Acquires 9,733 Shares of Church & Dwight Company, Inc. (CHD)

Amalgamated Bank boosted its holdings in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 50.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,187 shares of the company’s stock after buying an additional 9,733 shares during the quarter. Amalgamated Bank’s holdings in Church & Dwight were worth $1,514,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tredje AP fonden bought a new stake in Church & Dwight during the second quarter valued at approximately $140,000. Westside Investment Management Inc. bought a new stake in Church & Dwight during the first quarter valued at approximately $149,000. Parallel Advisors LLC grew its position in Church & Dwight by 53.5% during the first quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock valued at $161,000 after buying an additional 1,150 shares during the period. Van ECK Associates Corp grew its position in Church & Dwight by 8.2% during the first quarter. Van ECK Associates Corp now owns 3,803 shares of the company’s stock valued at $190,000 after buying an additional 288 shares during the period. Finally, Quantitative Systematic Strategies LLC bought a new stake in Church & Dwight during the second quarter valued at approximately $203,000. Institutional investors own 79.57% of the company’s stock.

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 shares were sold at an average price of $50.30, for a total transaction of $8,950,382.00. Following the completion of the transaction, the executive vice president now directly owns 46,348 shares of the company’s stock, valued at approximately $2,331,304.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert D. Leblanc sold 9,718 shares of Church & Dwight stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $49.84, for a total transaction of $484,345.12. Following the transaction, the director now directly owns 56,497 shares of the company’s stock, valued at $2,815,810.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 198,858 shares of company stock valued at $9,996,631. Insiders own 2.00% of the company’s stock.

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Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $898.00 million during the quarter, compared to analyst estimates of $903.87 million. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS.

The company also recently announced 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. This represents a $0.76 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Friday, August 11th. Church & Dwight’s dividend payout ratio (DPR) is 44.97%.

Several brokerages recently issued reports on CHD. BidaskClub lowered shares of Church & Dwight from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Thursday, June 1st. Jefferies Group LLC restated a “buy” rating and set a $63.00 target price on shares of Church & Dwight in a research report on Thursday, August 3rd. Barclays PLC set a $49.00 target price on shares of Church & Dwight and gave the company a “sell” rating in a research report on Sunday, August 6th. Finally, Macquarie began coverage on shares of Church & Dwight in a research report on Friday, September 15th. They set a “neutral” rating and a $52.00 target price for the company. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. Church & Dwight has a consensus rating of “Hold” and a consensus target price of $51.24.

Church & Dwight 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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