Renaissance Technologies LLC Boosts Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Renaissance Technologies LLC increased its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 214.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 514,200 shares of the company’s stock after purchasing an additional 350,800 shares during the period. Renaissance Technologies LLC’s holdings in Church & Dwight were worth $37,567,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHD. Thoroughbred Financial Services LLC lifted its holdings in Church & Dwight by 7,373.9% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,044,333 shares of the company’s stock worth $104,433,000 after purchasing an additional 1,030,360 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Church & Dwight by 70.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,640,801 shares of the company’s stock worth $116,874,000 after purchasing an additional 677,488 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Church & Dwight by 13.4% in the 4th quarter. Geode Capital Management LLC now owns 3,403,820 shares of the company’s stock worth $223,470,000 after purchasing an additional 403,357 shares in the last quarter. Columbus Circle Investors lifted its holdings in Church & Dwight by 116.4% in the 2nd quarter. Columbus Circle Investors now owns 353,856 shares of the company’s stock worth $25,853,000 after purchasing an additional 190,347 shares in the last quarter. Finally, State of Tennessee Treasury Department lifted its holdings in Church & Dwight by 39.7% in the 1st quarter. State of Tennessee Treasury Department now owns 625,332 shares of the company’s stock worth $44,543,000 after purchasing an additional 177,719 shares in the last quarter. 82.34% of the stock is currently owned by institutional investors.

In related news, Director Robert D. Leblanc sold 10,000 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $78.34, for a total transaction of $783,400.00. Following the sale, the director now owns 49,702 shares in the company, valued at approximately $3,893,654.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven P. Cugine sold 22,200 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $79.89, for a total value of $1,773,558.00. Following the sale, the executive vice president now owns 46,466 shares in the company, valued at approximately $3,712,168.74. The disclosure for this sale can be found here. Insiders have sold a total of 90,418 shares of company stock worth $7,198,251 in the last 90 days. 2.00% of the stock is currently owned by insiders.



Several analysts have recently issued reports on the company. Zacks Investment Research cut Church & Dwight from a “buy” rating to a “hold” rating and set a $77.00 price objective on the stock. in a report on Thursday, May 30th. Jefferies Financial Group set a $86.00 price objective on Church & Dwight and gave the stock a “buy” rating in a report on Wednesday, August 21st. Stifel Nicolaus upped their price objective on Church & Dwight from $71.00 to $74.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Oppenheimer reaffirmed a “buy” rating on shares of Church & Dwight in a report on Tuesday. Finally, SunTrust Banks upped their price objective on Church & Dwight to $80.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. Church & Dwight currently has a consensus rating of “Hold” and a consensus price target of $71.34.

Shares of CHD traded up $0.93 during mid-day trading on Thursday, hitting $72.80. 183,245 shares of the stock were exchanged, compared to its average volume of 1,570,787. The company has a market cap of $17.76 billion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 3.41 and a beta of 0.14. Church & Dwight Co., Inc. has a 52-week low of $54.46 and a 52-week high of $80.99. The firm has a 50-day moving average of $77.19 and a two-hundred day moving average of $73.79. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.44 and a current ratio of 0.78.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. Church & Dwight had a return on equity of 24.57% and a net margin of 14.24%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the firm posted $0.49 EPS. Church & Dwight’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, sell-side analysts predict that Church & Dwight Co., Inc. will post 2.48 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a dividend of $0.228 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.91 annualized dividend and a yield of 1.25%. Church & Dwight’s payout ratio is presently 40.09%.

About Church & Dwight

Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.

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

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