Nippon Life Global Investors Americas Inc. cut its position in Church & Dwight Company, Inc. (NYSE:CHD) by 7.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,810 shares of the company’s stock after selling 8,010 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Church & Dwight were worth $5,386,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Conning Inc. increased its position in shares of Church & Dwight by 0.7% in the first quarter. Conning Inc. now owns 6,190 shares of the company’s stock worth $309,000 after buying an additional 40 shares in the last quarter. Somerset Trust Co increased its position in shares of Church & Dwight by 0.4% in the second quarter. Somerset Trust Co now owns 10,661 shares of the company’s stock worth $553,000 after buying an additional 44 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of Church & Dwight by 0.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 18,180 shares of the company’s stock worth $907,000 after buying an additional 50 shares in the last quarter. Boston Financial Mangement LLC increased its position in shares of Church & Dwight by 1.4% in the first quarter. Boston Financial Mangement LLC now owns 4,970 shares of the company’s stock worth $248,000 after buying an additional 70 shares in the last quarter. Finally, Flagship Harbor Advisors LLC increased its position in shares of Church & Dwight by 1.0% in the first quarter. Flagship Harbor Advisors LLC now owns 8,812 shares of the company’s stock worth $440,000 after buying an additional 86 shares in the last quarter. Institutional investors own 82.05% of the company’s stock.

Shares of Church & Dwight Company, Inc. (NYSE:CHD) opened at 49.62 on Friday. The stock’s 50 day moving average is $52.21 and its 200 day moving average is $50.52. The stock has a market cap of $12.38 billion, a P/E ratio of 29.34 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.

Church & Dwight (NYSE:CHD) last released its earnings results on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The company had revenue of $898 million during the quarter, compared to analysts’ expectations of $903.87 million. Church & Dwight had a return on equity of 24.21% and a net margin of 12.39%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 EPS. Analysts predict that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid 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 of this dividend is Friday, August 11th. Church & Dwight’s dividend payout ratio (DPR) is currently 44.97%.

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A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Church & Dwight from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. 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. UBS AG reiterated a “sell” rating and issued a $46.00 price target (up previously from $45.00) on shares of Church & Dwight in a research note on Friday, May 5th. 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. Finally, Morgan Stanley downgraded shares of Church & Dwight from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, May 16th. 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 company. The stock currently has an average rating of “Hold” and a consensus price target of $51.07.

In other news, Director Robert D. Leblanc sold 9,718 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total transaction of $484,345.12. Following the completion of the transaction, the director now directly owns 56,497 shares in the company, valued at approximately $2,815,810.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Steven P. Cugine sold 177,940 shares of the stock in a transaction that occurred 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 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. Corporate insiders own 2.00% of the company’s stock.

Church & Dwight Company 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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