Raymond James Financial Services Advisors Inc. Raises Position in Church & Dwight Company, Inc. (CHD)

Raymond James Financial Services Advisors Inc. increased its holdings in Church & Dwight Company, Inc. (NYSE:CHD) by 3.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,253 shares of the company’s stock after acquiring an additional 8,100 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.09% of Church & Dwight worth $11,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CHD. BlackRock Inc. increased its stake in shares of Church & Dwight by 2,267.4% in the 1st quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock worth $970,569,000 after acquiring an additional 18,639,877 shares in the last quarter. State Street Corp increased its stake in shares of Church & Dwight by 23.1% in the 1st quarter. State Street Corp now owns 14,762,551 shares of the company’s stock worth $736,228,000 after acquiring an additional 2,769,003 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Church & Dwight by 158.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,791,900 shares of the company’s stock worth $92,964,000 after acquiring an additional 1,099,670 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Church & Dwight by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 27,439,085 shares of the company’s stock worth $1,368,388,000 after acquiring an additional 1,054,013 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Church & Dwight by 48.6% in the 2nd quarter. Franklin Resources Inc. now owns 1,487,434 shares of the company’s stock worth $77,168,000 after acquiring an additional 486,634 shares in the last quarter. Institutional investors own 79.57% of the company’s stock.

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In other Church & Dwight news, Director Robert D. Leblanc sold 9,718 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $49.84, for a total value of $484,345.12. Following the completion of the transaction, the director now directly owns 56,497 shares in the company, valued at $2,815,810.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven P. Cugine sold 177,940 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 46,348 shares of the company’s stock, valued at $2,331,304.40. The disclosure for this sale can be found here. Insiders sold 198,858 shares of company stock valued at $9,996,631 over the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Shares of Church & Dwight Company, Inc. (NYSE CHD) traded up 0.11% during mid-day trading on Wednesday, reaching $47.43. 173,857 shares of the company traded hands. The stock has a market capitalization of $11.83 billion, a PE ratio of 36.40 and a beta of 0.60. Church & Dwight Company, Inc. has a 52 week low of $42.56 and a 52 week high of $54.18. The firm has a 50 day moving average of $49.11 and a 200-day moving average of $50.74.

Church & Dwight (NYSE:CHD) last announced its earnings results on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. The business had revenue of $898.00 million during the quarter, compared to the consensus estimate of $903.87 million. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. On average, equities research analysts expect that Church & Dwight Company, Inc. will post $1.93 EPS for the current fiscal year.

Several brokerages recently issued reports on CHD. Zacks Investment Research upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Friday, July 7th. Jefferies Group LLC reiterated a “buy” rating and issued a $59.00 price target on shares of Church & Dwight in a research note on Tuesday, June 13th. BMO Capital Markets set a $50.00 price target on shares of Church & Dwight and gave the stock a “hold” rating in a research note on Monday, July 17th. UBS AG reissued a “sell” rating and set a $48.00 price objective (up from $46.00) on shares of Church & Dwight in a research report on Tuesday, July 18th. Finally, KeyCorp reissued a “hold” rating on shares of Church & Dwight in a research report on Friday, August 25th. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $51.26.

About Church & Dwight

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.

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

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