Pennsylvania Trust Co boosted its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 307.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,024 shares of the company’s stock after buying an additional 24,922 shares during the period. Pennsylvania Trust Co’s holdings in Church & Dwight were worth $1,961,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. OppenheimerFunds Inc. lifted its holdings in Church & Dwight by 80,441.5% in the second quarter. OppenheimerFunds Inc. now owns 5,905,303 shares of the company’s stock worth $313,926,000 after buying an additional 5,897,971 shares during the period. Wells Fargo & Company MN lifted its holdings in Church & Dwight by 45.0% in the second quarter. Wells Fargo & Company MN now owns 3,428,959 shares of the company’s stock worth $182,283,000 after buying an additional 1,064,241 shares during the period. FMR LLC lifted its holdings in Church & Dwight by 7.4% in the second quarter. FMR LLC now owns 2,758,699 shares of the company’s stock worth $146,652,000 after buying an additional 190,608 shares during the period. Glenmede Trust Co. NA lifted its holdings in Church & Dwight by 37.1% in the second quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock worth $94,731,000 after buying an additional 482,109 shares during the period. Finally, Swiss National Bank lifted its holdings in Church & Dwight by 0.7% in the second quarter. Swiss National Bank now owns 1,690,016 shares of the company’s stock worth $89,841,000 after buying an additional 12,300 shares during the period. Institutional investors and hedge funds own 85.09% of the company’s stock.
CHD has been the subject of several research analyst reports. Morgan Stanley raised their price objective on shares of Church & Dwight from $46.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, August 3rd. Royal Bank of Canada raised their target price on shares of Church & Dwight to $60.00 and gave the company a “fair value” rating in a research note on Friday, August 3rd. Zacks Investment Research downgraded shares of Church & Dwight from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Bank of America raised their target price on shares of Church & Dwight from $51.00 to $55.00 and gave the company an “underperform” rating in a research note on Monday, July 16th. Finally, Oppenheimer raised their target price on shares of Church & Dwight from $54.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, July 19th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $55.47.
Church & Dwight (NYSE:CHD) last announced its earnings results on Thursday, August 2nd. The company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. Church & Dwight had a net margin of 20.29% and a return on equity of 25.21%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. On average, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 2.28 EPS for the current year.
In related news, Director Arthur B. Winkleblack sold 8,058 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $55.94, for a total transaction of $450,764.52. Following the completion of the sale, the director now owns 75,187 shares of the company’s stock, valued at $4,205,960.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert K. Shearer sold 16,718 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $57.82, for a total transaction of $966,634.76. Following the sale, the director now directly owns 45,826 shares of the company’s stock, valued at approximately $2,649,659.32. The disclosure for this sale can be found here. Insiders have sold 473,800 shares of company stock valued at $27,051,358 in the last three months. 2.00% of the stock is owned by insiders.
Church & Dwight Profile
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.
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