State of New Jersey Common Pension Fund D lessened its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 14.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 620,000 shares of the company’s stock after selling 105,000 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Church & Dwight were worth $36,810,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CHD. OppenheimerFunds Inc. increased its holdings in Church & Dwight by 80,441.5% in the 2nd quarter. OppenheimerFunds Inc. now owns 5,905,303 shares of the company’s stock worth $313,926,000 after acquiring an additional 5,897,971 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Church & Dwight by 45.0% in the 2nd quarter. Wells Fargo & Company MN now owns 3,428,959 shares of the company’s stock worth $182,283,000 after acquiring an additional 1,064,241 shares in the last quarter. Compass Capital Management Inc. purchased a new stake in Church & Dwight in the 2nd quarter worth $29,544,000. Boston Advisors LLC increased its holdings in Church & Dwight by 348.1% in the 2nd quarter. Boston Advisors LLC now owns 622,943 shares of the company’s stock worth $33,116,000 after acquiring an additional 483,922 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its holdings in Church & Dwight by 37.1% in the 2nd quarter. Glenmede Trust Co. NA now owns 1,782,003 shares of the company’s stock worth $94,731,000 after acquiring an additional 482,109 shares in the last quarter. 85.09% of the stock is owned by institutional investors.

Church & Dwight stock opened at $58.51 on Wednesday. Church & Dwight Co., Inc. has a 52-week low of $43.21 and a 52-week high of $60.42. The firm has a market cap of $14.57 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 2.60 and a beta of 0.38. The company has a quick ratio of 0.46, a current ratio of 0.79 and a debt-to-equity ratio of 0.81.

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

A number of research firms have recently issued reports on CHD. ValuEngine raised shares of Church & Dwight from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Royal Bank of Canada upped their target price on shares of Church & Dwight to $60.00 and gave the stock a “fair value” rating in a report on Friday, August 3rd. Stifel Nicolaus upped their target price on shares of Church & Dwight from $48.00 to $52.00 and gave the stock a “hold” rating in a report on Friday, August 3rd. BMO Capital Markets upped their target price on shares of Church & Dwight from $47.00 to $55.00 and gave the stock a “hold” rating in a report on Friday, August 3rd. They noted that the move was a valuation call. Finally, Societe Generale lowered shares of Church & Dwight from a “buy” rating to a “hold” rating and set a $54.00 target price for the company. in a report on Tuesday, August 7th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $55.47.

In other news, EVP Steven P. Cugine sold 30,000 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $57.24, for a total transaction of $1,717,200.00. Following the transaction, the executive vice president now owns 58,948 shares of the company’s stock, valued at approximately $3,374,183.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Arthur B. Winkleblack sold 8,058 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $55.94, for a total transaction of $450,764.52. Following the transaction, the director now directly owns 75,187 shares in the company, valued at approximately $4,205,960.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 473,800 shares of company stock worth $27,051,358. Corporate insiders own 2.00% of the company’s stock.

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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