M&T Bank Corp raised its holdings in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 0.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,150 shares of the company’s stock after buying an additional 110 shares during the quarter. M&T Bank Corp owned about 0.05% of Church & Dwight worth $7,011,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. MML Investors Services LLC lifted its holdings in shares of Church & Dwight by 10.5% during the second quarter. MML Investors Services LLC now owns 13,166 shares of the company’s stock worth $683,000 after buying an additional 1,255 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Church & Dwight by 1.3% during the second quarter. Vanguard Group Inc. now owns 27,784,350 shares of the company’s stock worth $1,441,451,000 after buying an additional 345,265 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Church & Dwight by 10.1% during the second quarter. D.A. Davidson & CO. now owns 149,537 shares of the company’s stock worth $7,757,000 after buying an additional 13,675 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Church & Dwight by 60.2% during the second quarter. Mutual of America Capital Management LLC now owns 75,191 shares of the company’s stock worth $3,901,000 after buying an additional 28,258 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Church & Dwight by 2.8% during the second quarter. New York State Common Retirement Fund now owns 939,241 shares of the company’s stock worth $48,728,000 after buying an additional 25,340 shares during the last quarter. Institutional investors own 79.57% of the company’s stock.

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Church & Dwight Company, Inc. (NYSE CHD) opened at 48.61 on Friday. The company has a 50 day moving average price of $50.14 and a 200-day moving average price of $50.94. Church & Dwight Company, Inc. has a 52 week low of $42.56 and a 52 week high of $54.18. The firm has a market capitalization of $12.13 billion, a price-to-earnings ratio of 28.75 and a beta of 0.60.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The business had revenue of $898.00 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 firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $0.85 EPS. Equities analysts predict that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were issued a dividend of $0.19 per share. The ex-dividend date was Friday, August 11th. This represents a $0.76 annualized dividend and a yield of 1.56%. Church & Dwight’s payout ratio is currently 44.97%.

In related news, EVP Steven P. Cugine sold 177,940 shares of Church & Dwight stock in a transaction that occurred on 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 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 accessible through the SEC website. Also, Director Robert D. Leblanc sold 9,718 shares of Church & Dwight stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $49.84, for a total value of $484,345.12. Following the sale, the director now directly owns 56,497 shares of the company’s stock, valued at $2,815,810.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 198,858 shares of company stock valued at $9,996,631. 2.00% of the stock is currently owned by insiders.

A number of brokerages have recently commented on CHD. BMO Capital Markets set a $50.00 price target on Church & Dwight and gave the stock a “hold” rating in a report on Monday, July 17th. Jefferies Group LLC reiterated a “buy” rating and set a $63.00 price target (up from $60.00) on shares of Church & Dwight in a report on Tuesday, July 18th. UBS AG reiterated a “sell” rating and set a $48.00 price target (up from $46.00) on shares of Church & Dwight in a report on Tuesday, July 18th. Zacks Investment Research lowered Church & Dwight from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, BidaskClub upgraded Church & Dwight from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $51.24.

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.

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

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