Pittenger & Anderson Inc. cut its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,565 shares of the company’s stock after selling 1,800 shares during the period. Pittenger & Anderson Inc.’s holdings in Church & Dwight were worth $3,379,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC purchased a new stake in Church & Dwight in the first quarter worth $106,000. Bartlett & Co. LLC grew its stake in Church & Dwight by 937.5% in the second quarter. Bartlett & Co. LLC now owns 1,992 shares of the company’s stock worth $106,000 after purchasing an additional 1,800 shares during the period. Summit Trail Advisors LLC grew its stake in Church & Dwight by 3,720.6% in the first quarter. Summit Trail Advisors LLC now owns 119,660 shares of the company’s stock worth $120,000 after purchasing an additional 116,528 shares during the period. Fort L.P. purchased a new stake in Church & Dwight in the second quarter worth $129,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in Church & Dwight in the second quarter worth $148,000. 85.04% of the stock is currently owned by hedge funds and other institutional investors.

Church & Dwight stock opened at $59.55 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.46 and a current ratio of 0.79. Church & Dwight Co., Inc. has a 12 month low of $43.21 and a 12 month high of $59.74. The firm has a market capitalization of $14.58 billion, a price-to-earnings ratio of 30.70, a P/E/G ratio of 2.60 and a beta of 0.38.

Church & Dwight (NYSE:CHD) last released 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. Church & Dwight had a return on equity of 25.21% and a net margin of 20.29%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. research analysts predict that Church & Dwight Co., Inc. will post 2.28 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Wednesday, August 15th were issued a $0.2175 dividend. This represents a $0.87 annualized dividend and a yield of 1.46%. The ex-dividend date was Tuesday, August 14th. Church & Dwight’s dividend payout ratio (DPR) is 44.85%.

In other Church & Dwight news, Director Robert K. Shearer sold 16,718 shares of the business’s 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 sale, the director now directly owns 45,826 shares of the company’s stock, valued at $2,649,659.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew Farrell sold 19,864 shares of the business’s stock in a transaction on Thursday, June 21st. The stock was sold at an average price of $50.66, for a total value of $1,006,310.24. Following the completion of the sale, the chief executive officer now directly owns 104,070 shares in the company, valued at $5,272,186.20. The disclosure for this sale can be found here. Insiders sold 510,691 shares of company stock worth $28,946,904 over the last three months. Corporate insiders own 2.00% of the company’s stock.

Several equities research analysts recently weighed in on the company. BMO Capital Markets upped their price target on Church & Dwight from $47.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, August 3rd. They noted that the move was a valuation call. ValuEngine raised Church & Dwight from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research raised Church & Dwight from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Monday, May 21st. UBS Group assumed coverage on Church & Dwight in a research note on Thursday, July 19th. They issued a “neutral” rating and a $57.00 price target on the stock. Finally, Stifel Nicolaus upped their price target on Church & Dwight from $48.00 to $52.00 and gave the stock a “hold” rating in a research note on Friday, August 3rd. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Church & Dwight presently has an average rating of “Hold” and a consensus price target of $54.00.

Church & Dwight Profile

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.

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

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