Oppenheimer & Co. Inc. Lowers Holdings in Church & Dwight Co., Inc. (CHD)

Oppenheimer & Co. Inc. lessened its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 10.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 111,192 shares of the company’s stock after selling 13,316 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Church & Dwight were worth $6,601,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Global Retirement Partners LLC boosted its stake 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 valued at $485,000 after purchasing an additional 1,765 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Church & Dwight by 37.1% in the 2nd quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock valued at $94,731,000 after purchasing an additional 482,109 shares during the last quarter. Centaurus Financial Inc. bought a new position in shares of Church & Dwight in the 2nd quarter valued at about $164,000. Suntrust Banks Inc. boosted its stake in shares of Church & Dwight by 15.0% in the 1st quarter. Suntrust Banks Inc. now owns 17,404 shares of the company’s stock valued at $875,000 after purchasing an additional 2,267 shares during the last quarter. Finally, Gabelli Funds LLC boosted its stake in shares of Church & Dwight by 1.7% in the 2nd quarter. Gabelli Funds LLC now owns 256,400 shares of the company’s stock valued at $13,630,000 after purchasing an additional 4,200 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Church & Dwight stock opened at $58.03 on Friday. Church & Dwight Co., Inc. has a fifty-two week low of $43.21 and a fifty-two week high of $61.28. The company has a market cap of $14.55 billion, a P/E ratio of 27.83, a PEG ratio of 2.60 and a beta of 0.38. 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 (NYSE:CHD) last released its quarterly earnings data on Thursday, August 2nd. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. Church & Dwight had a net margin of 20.29% and a return on equity of 25.21%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm earned $0.41 EPS. Church & Dwight’s quarterly revenue was up 14.5% compared to the same quarter last year. Analysts expect that Church & Dwight Co., Inc. will post 2.28 EPS for the current fiscal year.

Several research analysts have recently issued reports on the stock. ValuEngine raised shares of Church & Dwight from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Zacks Investment Research lowered shares of Church & Dwight from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Deutsche Bank lowered shares of Church & Dwight from a “hold” rating to a “sell” rating and set a $51.00 target price on the stock. in a research note on Wednesday, October 10th. Oppenheimer raised their target price on shares of Church & Dwight from $60.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, September 27th. Finally, Atlantic Securities assumed coverage on shares of Church & Dwight in a research note on Thursday, September 20th. They issued an “overweight” rating and a $70.00 target price on the stock. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Church & Dwight has an average rating of “Hold” and an average price target of $55.47.

In related news, CAO Steven J. Katz sold 19,760 shares of Church & Dwight stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $57.12, for a total transaction of $1,128,691.20. Following the transaction, the chief accounting officer now owns 21,018 shares of the company’s stock, valued at approximately $1,200,548.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Richard A. Dierker sold 33,900 shares of Church & Dwight stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $57.24, for a total transaction of $1,940,436.00. Following the transaction, the vice president now directly owns 25,376 shares in the company, valued at approximately $1,452,522.24. The disclosure for this sale can be found here. Insiders have sold a total of 473,800 shares of company stock worth $27,051,358 in the last three months. 2.00% of the stock is owned by insiders.

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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