DB Fitzpatrick & Co Inc Sells 5,799 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

DB Fitzpatrick & Co Inc cut its holdings in Church & Dwight Co., Inc. (NYSE:CHDGet Rating) by 47.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,552 shares of the company’s stock after selling 5,799 shares during the quarter. DB Fitzpatrick & Co Inc’s holdings in Church & Dwight were worth $651,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new position in Church & Dwight in the 4th quarter valued at approximately $29,000. Evolution Advisers Inc. bought a new position in Church & Dwight in the 4th quarter valued at approximately $30,000. Riverview Trust Co bought a new position in Church & Dwight in the 1st quarter valued at approximately $30,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in Church & Dwight in the 4th quarter valued at approximately $35,000. Finally, US Asset Management LLC purchased a new stake in Church & Dwight during the 1st quarter valued at $36,000. 84.81% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on CHD shares. The Goldman Sachs Group decreased their target price on shares of Church & Dwight from $105.00 to $101.00 in a research note on Tuesday, March 29th. Barclays decreased their target price on shares of Church & Dwight from $81.00 to $77.00 and set an “underweight” rating for the company in a research note on Monday, May 23rd. Wells Fargo & Company upped their price objective on Church & Dwight from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 28th. StockNews.com initiated coverage on Church & Dwight in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Morgan Stanley upped their price objective on Church & Dwight from $80.00 to $86.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 12th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Church & Dwight has a consensus rating of “Hold” and an average target price of $98.42.

NYSE CHD opened at $94.25 on Tuesday. The company has a market cap of $22.88 billion, a P/E ratio of 28.91, a P/E/G ratio of 3.73 and a beta of 0.39. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.33 and a current ratio of 0.65. The business’s 50 day moving average price is $91.51 and its 200-day moving average price is $97.16. Church & Dwight Co., Inc. has a fifty-two week low of $80.34 and a fifty-two week high of $105.28.

Church & Dwight (NYSE:CHDGet Rating) last released its earnings results on Thursday, April 28th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.07. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Church & Dwight had a return on equity of 22.29% and a net margin of 15.46%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS. As a group, equities analysts predict that Church & Dwight Co., Inc. will post 3.15 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Monday, May 16th were given a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Friday, May 13th. Church & Dwight’s dividend payout ratio is currently 32.21%.

In other news, Director Bradley C. Irwin sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $97.86, for a total transaction of $685,020.00. Following the transaction, the director now owns 41,636 shares of the company’s stock, valued at approximately $4,074,498.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.70% of the company’s stock.

About Church & Dwight (Get Rating)

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through 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; 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 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 replacement showerheads under the WATERPIK brand; FLAWLESS products; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.

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

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