Public Employees Retirement System of Ohio lessened its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 230,174 shares of the company’s stock after selling 7,670 shares during the period. Public Employees Retirement System of Ohio owned about 0.09% of Church & Dwight worth $12,236,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. OppenheimerFunds Inc. increased its stake in Church & Dwight by 80,441.5% during the 2nd quarter. OppenheimerFunds Inc. now owns 5,905,303 shares of the company’s stock worth $313,926,000 after buying an additional 5,897,971 shares in the last quarter. Wells Fargo & Company MN increased its stake in Church & Dwight by 45.0% during the 2nd quarter. Wells Fargo & Company MN now owns 3,428,959 shares of the company’s stock worth $182,283,000 after buying an additional 1,064,241 shares in the last quarter. Compass Capital Management Inc. purchased a new stake in Church & Dwight during the 2nd quarter worth approximately $29,544,000. Boston Advisors LLC increased its stake in Church & Dwight by 348.1% during the 2nd quarter. Boston Advisors LLC now owns 622,943 shares of the company’s stock worth $33,116,000 after buying an additional 483,922 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its stake in Church & Dwight by 37.1% during the 2nd quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock worth $94,731,000 after buying an additional 482,109 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

In related news, VP Richard A. Dierker sold 33,900 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $57.24, for a total value of $1,940,436.00. Following the transaction, the vice president now directly owns 25,376 shares in the company, valued at $1,452,522.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert K. Shearer sold 16,718 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $57.82, for a total value of $966,634.76. Following the completion of the transaction, the director now owns 45,826 shares in the company, valued at $2,649,659.32. The disclosure for this sale can be found here. Insiders sold 482,314 shares of company stock worth $27,500,642 over the last quarter. 2.00% of the stock is currently owned by insiders.

CHD has been the subject of several research reports. ValuEngine upgraded Church & Dwight from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Jefferies Financial Group reiterated a “buy” rating and set a $55.00 price objective on shares of Church & Dwight in a research note on Sunday, June 10th. Zacks Investment Research upgraded Church & Dwight from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Friday, June 1st. Royal Bank of Canada boosted their target price on Church & Dwight to $60.00 and gave the stock a “fair value” rating in a report on Friday, August 3rd. Finally, Societe Generale cut Church & Dwight from a “buy” rating to a “hold” rating and set a $54.00 target price on the stock. in a report on Tuesday, August 7th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $55.07.

Shares of Church & Dwight stock opened at $59.10 on Tuesday. The company has a market cap of $14.73 billion, a PE ratio of 28.19, a P/E/G ratio of 2.63 and a beta of 0.38. Church & Dwight Co., Inc. has a 1-year low of $43.21 and a 1-year high of $60.39. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.46 and a current ratio of 0.79.

Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, August 2nd. The company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Church & Dwight had a return on equity of 25.21% and a net margin of 20.29%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. analysts expect that Church & Dwight Co., Inc. will post 2.28 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Wednesday, August 15th were issued a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Tuesday, August 14th. Church & Dwight’s dividend payout ratio is currently 44.85%.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing 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 analgesic products 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; and water flossers and replacement showerheads under the WATERPIK brand.

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

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