Somerset Trust Co Cuts Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Somerset Trust Co decreased its holdings in Church & Dwight Co., Inc. (NYSE:CHDFree Report) by 6.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,356 shares of the company’s stock after selling 217 shares during the period. Somerset Trust Co’s holdings in Church & Dwight were worth $350,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. CWM LLC boosted its stake in shares of Church & Dwight by 40.7% in the 1st quarter. CWM LLC now owns 12,701 shares of the company’s stock valued at $1,325,000 after purchasing an additional 3,671 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Church & Dwight in the 4th quarter valued at $35,000. Nomura Holdings Inc. boosted its stake in shares of Church & Dwight by 442.1% in the 4th quarter. Nomura Holdings Inc. now owns 14,148 shares of the company’s stock valued at $1,338,000 after purchasing an additional 11,538 shares in the last quarter. HighPoint Advisor Group LLC purchased a new stake in shares of Church & Dwight in the 4th quarter valued at $255,000. Finally, M3 Advisory Group LLC purchased a new stake in Church & Dwight during the 4th quarter valued at $200,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CHD. Deutsche Bank Aktiengesellschaft increased their price target on shares of Church & Dwight from $109.00 to $112.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. The Goldman Sachs Group began coverage on shares of Church & Dwight in a research report on Friday, March 1st. They set a “buy” rating and a $110.00 price target for the company. Barclays dropped their price target on shares of Church & Dwight from $83.00 to $82.00 and set an “underweight” rating for the company in a research report on Monday, May 6th. HSBC increased their price target on shares of Church & Dwight from $110.00 to $114.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Finally, Argus increased their price target on shares of Church & Dwight from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Church & Dwight currently has a consensus rating of “Hold” and a consensus price target of $106.19.

Check Out Our Latest Analysis on Church & Dwight

Insider Activity

In related news, Director Penry W. Price sold 7,752 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $105.47, for a total value of $817,603.44. Following the completion of the sale, the director now directly owns 25,692 shares of the company’s stock, valued at $2,709,735.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Penry W. Price sold 7,752 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $105.47, for a total value of $817,603.44. Following the completion of the sale, the director now directly owns 25,692 shares of the company’s stock, valued at $2,709,735.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert K. Shearer sold 13,200 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $106.36, for a total transaction of $1,403,952.00. Following the completion of the sale, the director now directly owns 29,108 shares of the company’s stock, valued at $3,095,926.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 182,346 shares of company stock valued at $19,465,948. 1.40% of the stock is currently owned by company insiders.

Church & Dwight Price Performance

NYSE:CHD traded up $0.61 during trading hours on Wednesday, hitting $109.91. 1,084,326 shares of the stock traded hands, compared to its average volume of 1,159,081. The company has a market cap of $26.88 billion, a price-to-earnings ratio of 34.89, a price-to-earnings-growth ratio of 3.57 and a beta of 0.51. Church & Dwight Co., Inc. has a 1 year low of $82.25 and a 1 year high of $110.31. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average price of $106.17 and a 200 day moving average price of $101.30.

Church & Dwight (NYSE:CHDGet Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share. Sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.46 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Tuesday, May 14th. Church & Dwight’s dividend payout ratio is currently 35.87%.

Church & Dwight Company Profile

(Free Report)

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics 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; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.

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

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