Strs Ohio lowered its stake in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 31.7% during the second quarter, Holdings Channel reports. The institutional investor owned 96,402 shares of the company’s stock after selling 44,757 shares during the period. Strs Ohio’s holdings in Church & Dwight were worth $5,001,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Congress Asset Management Co. MA raised its stake in Church & Dwight by 9.3% in the second quarter. Congress Asset Management Co. MA now owns 1,503,970 shares of the company’s stock worth $78,026,000 after buying an additional 127,469 shares in the last quarter. Moody Lynn & Lieberson LLC raised its stake in Church & Dwight by 114.6% in the second quarter. Moody Lynn & Lieberson LLC now owns 46,275 shares of the company’s stock worth $2,401,000 after buying an additional 24,714 shares in the last quarter. Hartford Investment Management Co. raised its stake in Church & Dwight by 64.6% in the second quarter. Hartford Investment Management Co. now owns 104,664 shares of the company’s stock worth $5,430,000 after buying an additional 41,064 shares in the last quarter. Boston Advisors LLC raised its stake in Church & Dwight by 1.1% in the second quarter. Boston Advisors LLC now owns 107,000 shares of the company’s stock worth $5,551,000 after buying an additional 1,129 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Church & Dwight by 26.4% in the second quarter. Russell Investments Group Ltd. now owns 405,252 shares of the company’s stock worth $21,025,000 after buying an additional 84,632 shares in the last quarter. Hedge funds and other institutional investors own 82.05% of the company’s stock.

Shares of Church & Dwight Company, Inc. (NYSE:CHD) opened at 50.39 on Monday. The firm has a 50-day moving average of $52.83 and a 200 day moving average of $50.32. Church & Dwight Company, Inc. has a 1-year low of $42.56 and a 1-year high of $54.18. The stock has a market cap of $12.56 billion, a price-to-earnings ratio of 27.54 and a beta of 0.57.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a $0.19 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.76 annualized dividend and a yield of 1.51%. Church & Dwight’s dividend payout ratio (DPR) is presently 44.97%.

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A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Church & Dwight from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. UBS AG restated a “sell” rating and issued a $46.00 target price (up previously from $45.00) on shares of Church & Dwight in a report on Friday, May 5th. Jefferies Group LLC restated a “buy” rating and issued a $59.00 target price on shares of Church & Dwight in a report on Tuesday, June 13th. BMO Capital Markets set a $50.00 target price on shares of Church & Dwight and gave the stock a “hold” rating in a report on Monday, July 17th. Finally, Morgan Stanley lowered shares of Church & Dwight from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 16th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $50.90.

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.

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

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