Weather Gauge Advisory LLC lessened its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 11.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,825 shares of the company’s stock after selling 506 shares during the period. Weather Gauge Advisory LLC’s holdings in Church & Dwight were worth $296,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Orion Portfolio Solutions LLC acquired a new stake in shares of Church & Dwight in the fourth quarter valued at approximately $26,000. Meeder Asset Management Inc. raised its holdings in shares of Church & Dwight by 59.2% during the 1st quarter. Meeder Asset Management Inc. now owns 414 shares of the company’s stock worth $27,000 after buying an additional 154 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Church & Dwight by 1,019.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 470 shares of the company’s stock worth $32,000 after buying an additional 428 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in Church & Dwight in the first quarter valued at about $37,000. Finally, Prestige Wealth Management Group LLC grew its position in Church & Dwight by 49.9% in the first quarter. Prestige Wealth Management Group LLC now owns 601 shares of the company’s stock valued at $39,000 after acquiring an additional 200 shares during the last quarter. 81.40% of the stock is currently owned by institutional investors.
In related news, EVP Steven P. Cugine sold 20,800 shares of the business’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $82.89, for a total value of $1,724,112.00. Following the transaction, the executive vice president now owns 45,262 shares in the company, valued at $3,751,767.18. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Richard A. Dierker sold 25,060 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $75.74, for a total transaction of $1,898,044.40. Following the completion of the transaction, the vice president now owns 32,713 shares in the company, valued at approximately $2,477,682.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 465,225 shares of company stock worth $34,149,197. 2.00% of the stock is owned by insiders.
Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.06. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. Church & Dwight had a return on equity of 24.62% and a net margin of 14.96%. The business’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.70 EPS. As a group, research analysts predict that Church & Dwight Co., Inc. will post 2.73 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Church & Dwight from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Friday, May 1st. Oppenheimer raised their target price on shares of Church & Dwight from $83.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. Barclays lowered their price target on shares of Church & Dwight from $65.00 to $55.00 and set an “underweight” rating for the company in a report on Thursday, March 26th. Morgan Stanley increased their price target on Church & Dwight from $74.00 to $81.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Credit Suisse Group raised Church & Dwight from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $74.00 to $85.00 in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $76.33.
Church & Dwight Company Profile
Church & Dwight Co, Inc engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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