Zurcher Kantonalbank Zurich Cantonalbank Has $18.09 Million Position in Church & Dwight Co., Inc. (NYSE:CHD)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 16.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 191,350 shares of the company’s stock after purchasing an additional 26,506 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Church & Dwight were worth $18,094,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Chilton Capital Management LLC raised its position in Church & Dwight by 50.0% in the fourth quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock worth $31,000 after purchasing an additional 110 shares in the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new position in Church & Dwight in the third quarter worth about $38,000. PSI Advisors LLC acquired a new position in Church & Dwight in the third quarter worth about $39,000. Money Concepts Capital Corp raised its position in Church & Dwight by 468.2% in the fourth quarter. Money Concepts Capital Corp now owns 625 shares of the company’s stock worth $50,000 after purchasing an additional 515 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in Church & Dwight in the fourth quarter worth about $62,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Price Performance

CHD opened at $103.20 on Friday. Church & Dwight Co., Inc. has a one year low of $82.25 and a one year high of $105.67. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.64. The company’s 50 day simple moving average is $101.90 and its 200-day simple moving average is $96.41. The stock has a market capitalization of $25.17 billion, a P/E ratio of 33.95, a price-to-earnings-growth ratio of 3.43 and a beta of 0.53.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, February 2nd. The company reported $0.65 EPS for the quarter, meeting the consensus estimate of $0.65. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the firm earned $0.62 earnings per share. Church & Dwight’s revenue was up 6.4% compared to the same quarter last year. Sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were paid a dividend of $0.2838 per share. This is a boost from Church & Dwight’s previous quarterly dividend of $0.27. This represents a $1.14 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Wednesday, February 14th. Church & Dwight’s dividend payout ratio is 37.17%.

Wall Street Analyst Weigh In

CHD has been the subject of several recent research reports. Stifel Nicolaus increased their price target on shares of Church & Dwight from $91.00 to $99.00 and gave the stock a “hold” rating in a research report on Monday, February 5th. Bank of America increased their price target on shares of Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday. Barclays increased their price target on shares of Church & Dwight from $80.00 to $83.00 and gave the stock an “underweight” rating in a research report on Friday, April 12th. Argus raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research note on Friday, February 23rd. Finally, UBS Group upped their price objective on shares of Church & Dwight from $99.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $103.27.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, CEO Matthew Farrell sold 275,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $103.83, for a total value of $28,553,250.00. Following the transaction, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at $11,703,613.77. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Church & Dwight news, EVP Barry A. Bruno sold 9,926 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total value of $1,037,763.30. Following the transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at $451,551.45. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Matthew Farrell sold 275,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the completion of the transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at $11,703,613.77. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 373,052 shares of company stock valued at $38,603,796. 2.00% of the stock is currently owned by insiders.

Church & Dwight Company 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.