TD Asset Management Inc Reduces Stake in Church & Dwight Co., Inc. (NYSE:CHD)

TD Asset Management Inc lowered its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 36.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 77,459 shares of the company’s stock after selling 43,481 shares during the quarter. TD Asset Management Inc’s holdings in Church & Dwight were worth $7,764,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nemes Rush Group LLC purchased a new stake in Church & Dwight in the 2nd quarter worth approximately $27,000. Quintet Private Bank Europe S.A. bought a new position in shares of Church & Dwight in the 1st quarter worth approximately $30,000. Tradition Wealth Management LLC bought a new position in shares of Church & Dwight in the 1st quarter worth approximately $35,000. Old North State Trust LLC raised its position in shares of Church & Dwight by 88.6% in the 1st quarter. Old North State Trust LLC now owns 796 shares of the company’s stock worth $37,000 after acquiring an additional 374 shares in the last quarter. Finally, Clear Street Markets LLC raised its position in shares of Church & Dwight by 93.9% in the 1st quarter. Clear Street Markets LLC now owns 477 shares of the company’s stock worth $42,000 after acquiring an additional 231 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CHD shares. Deutsche Bank Aktiengesellschaft increased their target price on Church & Dwight from $107.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Barclays decreased their target price on Church & Dwight from $82.00 to $76.00 and set an “underweight” rating for the company in a research report on Thursday, October 12th. Citigroup decreased their target price on Church & Dwight from $105.00 to $94.00 and set a “neutral” rating for the company in a research report on Wednesday, October 11th. TheStreet lowered Church & Dwight from a “b-” rating to a “c” rating in a research report on Friday, November 3rd. Finally, Royal Bank of Canada raised their price objective on Church & Dwight from $91.00 to $94.00 and gave the company a “sector perform” rating in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and a consensus target price of $95.25.

Church & Dwight Stock Down 1.0 %

Church & Dwight stock opened at $91.45 on Tuesday. The firm has a market cap of $22.53 billion, a price-to-earnings ratio of 52.26, a PEG ratio of 3.78 and a beta of 0.50. The stock has a fifty day simple moving average of $91.13 and a two-hundred day simple moving average of $94.20. Church & Dwight Co., Inc. has a 12 month low of $76.24 and a 12 month high of $100.52. The company has a current ratio of 1.47, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, November 3rd. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.06. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.44 billion. Church & Dwight had a return on equity of 20.55% and a net margin of 7.57%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 EPS. Equities analysts predict that Church & Dwight Co., Inc. will post 3.16 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a $0.2725 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 1.19%. Church & Dwight’s dividend payout ratio (DPR) is currently 62.29%.

Insider Transactions at Church & Dwight

In other news, CEO Matthew Farrell sold 132,881 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $96.00, for a total value of $12,756,576.00. Following the transaction, the chief executive officer now directly owns 112,444 shares in the company, valued at approximately $10,794,624. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

Church & Dwight Profile

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.