Financial Enhancement Group LLC lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 10.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,333 shares of the company’s stock after selling 2,336 shares during the quarter. Financial Enhancement Group LLC’s holdings in Church & Dwight were worth $1,028,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Carnick & Kubik Group LLC boosted its holdings in Church & Dwight by 4.5% in the second quarter. Carnick & Kubik Group LLC now owns 20,422 shares of the company’s stock worth $1,086,000 after purchasing an additional 885 shares during the period. Portland Global Advisors LLC boosted its holdings in Church & Dwight by 1.8% in the second quarter. Portland Global Advisors LLC now owns 54,134 shares of the company’s stock worth $2,878,000 after purchasing an additional 962 shares during the period. Hugh Johnson Advisors LLC boosted its holdings in Church & Dwight by 0.7% in the second quarter. Hugh Johnson Advisors LLC now owns 140,099 shares of the company’s stock worth $7,448,000 after purchasing an additional 976 shares during the period. MainStreet Investment Advisors LLC boosted its holdings in Church & Dwight by 6.6% in the second quarter. MainStreet Investment Advisors LLC now owns 17,152 shares of the company’s stock worth $912,000 after purchasing an additional 1,066 shares during the period. Finally, Wendell David Associates Inc. boosted its holdings in Church & Dwight by 0.5% in the second quarter. Wendell David Associates Inc. now owns 215,063 shares of the company’s stock worth $11,433,000 after purchasing an additional 1,070 shares during the period. 81.14% of the stock is owned by institutional investors and hedge funds.

In other Church & Dwight news, Director Robert D. Leblanc sold 17,544 shares of the firm’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $55.90, for a total value of $980,709.60. Following the sale, the director now directly owns 66,903 shares in the company, valued at $3,739,877.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arthur B. Winkleblack sold 8,058 shares of the firm’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $55.94, for a total value of $450,764.52. Following the completion of the sale, the director now owns 75,187 shares in the company, valued at $4,205,960.78. The disclosure for this sale can be found here. Insiders sold 230,539 shares of company stock worth $12,492,550 over the last quarter. 2.00% of the stock is currently owned by company insiders.

CHD stock opened at $57.15 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.46 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $13.68 billion, a price-to-earnings ratio of 29.46, a P/E/G ratio of 2.44 and a beta of 0.43. Church & Dwight Co., Inc. has a 1 year low of $43.21 and a 1 year high of $58.03.

Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, August 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company 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 firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the business posted $0.41 earnings per share. analysts predict that Church & Dwight Co., Inc. will post 2.28 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Wednesday, August 15th will be paid a $0.2175 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Tuesday, August 14th. Church & Dwight’s payout ratio is 44.85%.

A number of research firms have commented on CHD. Royal Bank of Canada lifted their price objective on shares of Church & Dwight to $60.00 and gave the stock a “fair value” rating in a report on Friday, August 3rd. ValuEngine raised shares of Church & Dwight from a “sell” rating to a “hold” rating in a report on Wednesday, June 20th. Barclays set a $46.00 price objective on shares of Church & Dwight and gave the stock a “sell” rating in a report on Thursday, May 3rd. BMO Capital Markets lifted their price objective 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, Stifel Nicolaus lifted their price objective 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. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $54.00.

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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