Fort L.P. bought a new stake in Church & Dwight Co., Inc. (NYSE:CHD) during the second quarter, HoldingsChannel.com reports. The fund bought 2,428 shares of the company’s stock, valued at approximately $129,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Republic Investment Management Inc. lifted its position in shares of Church & Dwight by 10.8% in the 2nd quarter. First Republic Investment Management Inc. now owns 216,503 shares of the company’s stock worth $11,510,000 after acquiring an additional 21,139 shares during the period. OppenheimerFunds Inc. lifted its position in shares of Church & Dwight by 80,441.5% in the 2nd quarter. OppenheimerFunds Inc. now owns 5,905,303 shares of the company’s stock worth $313,926,000 after acquiring an additional 5,897,971 shares during the period. Global Retirement Partners LLC lifted its position in shares of Church & Dwight by 24.0% in the 2nd quarter. Global Retirement Partners LLC now owns 9,124 shares of the company’s stock worth $485,000 after acquiring an additional 1,765 shares during the period. Korea Investment CORP lifted its position in shares of Church & Dwight by 20.8% in the 2nd quarter. Korea Investment CORP now owns 137,032 shares of the company’s stock worth $7,285,000 after acquiring an additional 23,600 shares during the period. Finally, Commonwealth Bank of Australia lifted its position in shares of Church & Dwight by 2,151.9% in the 2nd quarter. Commonwealth Bank of Australia now owns 20,290 shares of the company’s stock worth $1,074,000 after acquiring an additional 19,389 shares during the period. 85.03% of the stock is currently owned by hedge funds and other institutional investors.

Church & Dwight stock opened at $58.69 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 0.81. The company has a market cap of $14.26 billion, a P/E ratio of 30.25, a P/E/G ratio of 2.55 and a beta of 0.38. Church & Dwight Co., Inc. has a one year low of $43.21 and a one year high of $58.94.

Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, August 2nd. The company reported $0.49 EPS for the quarter, topping the Thomson Reuters’ 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 return on equity of 25.21% and a net margin of 20.29%. Church & Dwight’s revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the company earned $0.41 EPS. equities research analysts forecast that Church & Dwight Co., Inc. will post 2.28 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Wednesday, August 15th were given a dividend of $0.2175 per share. The ex-dividend date was Tuesday, August 14th. This represents a $0.87 annualized dividend and a dividend yield of 1.48%. Church & Dwight’s dividend payout ratio (DPR) is presently 44.85%.

In other Church & Dwight news, Director Robert K. Shearer sold 16,718 shares of Church & Dwight stock in a transaction on Monday, August 20th. The stock was sold at an average price of $57.82, for a total value of $966,634.76. Following the completion of the transaction, the director now owns 45,826 shares in the company, valued at approximately $2,649,659.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Matthew Farrell sold 19,278 shares of Church & Dwight stock in a transaction on Friday, June 15th. The shares were sold at an average price of $50.13, for a total value of $966,406.14. Following the completion of the transaction, the insider now owns 104,070 shares of the company’s stock, valued at approximately $5,217,029.10. The disclosure for this sale can be found here. Insiders have sold a total of 529,969 shares of company stock valued at $29,913,310 in the last 90 days. 2.00% of the stock is owned by corporate insiders.

CHD has been the subject of a number of research reports. Bank of America raised their price objective on Church & Dwight from $51.00 to $55.00 and gave the stock an “underperform” rating in a research report on Monday, July 16th. Stifel Nicolaus raised their price objective on Church & Dwight from $48.00 to $52.00 and gave the stock a “hold” rating in a research report on Friday, August 3rd. Zacks Investment Research upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Monday, May 21st. Oppenheimer raised their price objective on Church & Dwight from $54.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, July 19th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $55.00 price objective on shares of Church & Dwight in a research report on Sunday, June 10th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $54.00.

About Church & Dwight

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.

Read More: Closed-End Mutual Funds (CEFs)

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

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