Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,450 shares of the company’s stock, valued at approximately $109,000.
A number of other institutional investors also recently modified their holdings of the stock. Invesco Ltd. increased its holdings in Church & Dwight by 116.9% during the second quarter. Invesco Ltd. now owns 5,393,316 shares of the company’s stock valued at $394,035,000 after buying an additional 2,906,844 shares during the last quarter. BlackRock Inc. increased its stake in shares of Church & Dwight by 5.9% in the second quarter. BlackRock Inc. now owns 20,701,434 shares of the company’s stock worth $1,512,447,000 after purchasing an additional 1,151,283 shares in the last quarter. Thoroughbred Financial Services LLC increased its stake in shares of Church & Dwight by 7,373.9% in the second 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. Nuveen Asset Management LLC increased its stake in shares of Church & Dwight by 15,518.4% in the second quarter. Nuveen Asset Management LLC now owns 869,631 shares of the company’s stock worth $63,535,000 after purchasing an additional 864,063 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Church & Dwight by 10.2% in the second quarter. Morgan Stanley now owns 5,981,868 shares of the company’s stock worth $437,037,000 after purchasing an additional 556,109 shares in the last quarter. Institutional investors own 81.29% of the company’s stock.
In other Church & Dwight news, Director James Craigie sold 4,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $80.31, for a total transaction of $321,240.00. Following the completion of the transaction, the director now owns 9,806 shares in the company, valued at $787,519.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew Farrell acquired 7,000 shares of the stock in a transaction on Monday, September 16th. The shares were acquired at an average price of $71.32 per share, with a total value of $499,240.00. Following the transaction, the chief executive officer now directly owns 111,362 shares of the company’s stock, valued at $7,942,337.84. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 8,704 shares of company stock valued at $621,301 and have sold 90,418 shares valued at $7,198,251. Company insiders own 2.00% of the company’s stock.
Church & Dwight (NYSE:CHD) last posted its 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. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Church & Dwight had a net margin of 14.24% and a return on equity of 24.57%. Church & Dwight’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the company posted $0.49 earnings per share. On average, equities research analysts forecast that Church & Dwight Co., Inc. will post 2.49 earnings per share for the current year.
A number of analysts have recently issued reports on the stock. ValuEngine cut shares of Church & Dwight from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Bank of America raised shares of Church & Dwight from a “neutral” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Friday, September 27th. Stifel Nicolaus increased their price objective on shares of Church & Dwight from $71.00 to $74.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Oppenheimer reissued a “buy” rating on shares of Church & Dwight in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group set a $86.00 target price on shares of Church & Dwight and gave the company a “buy” rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. Church & Dwight currently has a consensus rating of “Hold” and an average price target of $71.93.
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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