Rothschild Asset Management Inc. decreased its stake in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 15.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 11,888 shares of the company’s stock after selling 2,093 shares during the period. Rothschild Asset Management Inc.’s holdings in Church & Dwight were worth $617,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CHD. BlackRock Inc. boosted its stake in Church & Dwight by 2,267.4% in the first quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock valued at $970,569,000 after buying an additional 18,639,877 shares during the period. State Street Corp boosted its stake in Church & Dwight by 23.1% in the first quarter. State Street Corp now owns 14,762,551 shares of the company’s stock valued at $736,228,000 after buying an additional 2,769,003 shares during the period. Vanguard Group Inc. boosted its stake in Church & Dwight by 4.0% in the first quarter. Vanguard Group Inc. now owns 27,439,085 shares of the company’s stock valued at $1,368,388,000 after buying an additional 1,054,013 shares during the period. Renaissance Technologies LLC boosted its stake in Church & Dwight by 974.9% in the first quarter. Renaissance Technologies LLC now owns 692,230 shares of the company’s stock valued at $34,522,000 after buying an additional 627,830 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in Church & Dwight by 46.2% in the first quarter. UBS Asset Management Americas Inc. now owns 1,531,483 shares of the company’s stock valued at $76,375,000 after buying an additional 483,620 shares during the period. 82.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of Church & Dwight Company, Inc. (CHD) opened at 49.58 on Friday. The firm has a market capitalization of $12.37 billion, a price-to-earnings ratio of 29.32 and a beta of 0.57. Church & Dwight Company, Inc. has a 12-month low of $42.56 and a 12-month high of $54.18. The firm has a 50-day moving average of $52.30 and a 200 day moving average of $50.49.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Friday, August 11th. Church & Dwight’s dividend payout ratio is currently 44.97%.

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CHD has been the topic of a number of recent research reports. Morgan Stanley cut shares of Church & Dwight from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 16th. Zacks Investment Research cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. BidaskClub raised shares of Church & Dwight from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $58.00 price objective (up from $54.00) on shares of Church & Dwight in a research note on Tuesday, April 18th. Finally, Bank of America Corporation raised their price objective on shares of Church & Dwight from $51.00 to $53.00 and gave the company an “underperform” rating in a research note on Monday, July 10th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $51.07.

In other news, EVP Steven P. Cugine sold 177,940 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.30, for a total value of $8,950,382.00. Following the sale, 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 at the SEC website. Also, Director Robert D. Leblanc sold 9,718 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 56,497 shares in the company, valued at $2,815,810.48. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

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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