Los Angeles Capital Management & Equity Research Inc. Has $17.21 Million Position in Church & Dwight Co., Inc. (CHD)

Los Angeles Capital Management & Equity Research Inc. cut its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 2.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 289,936 shares of the company’s stock after selling 6,890 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Church & Dwight were worth $17,214,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Bartlett & Co. LLC boosted its stake in shares of Church & Dwight by 937.5% in the second quarter. Bartlett & Co. LLC now owns 1,992 shares of the company’s stock valued at $106,000 after buying an additional 1,800 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Church & Dwight in the third quarter valued at approximately $107,000. Fort L.P. purchased a new stake in shares of Church & Dwight in the second quarter valued at approximately $129,000. Global Trust Asset Management LLC purchased a new stake in shares of Church & Dwight in the third quarter valued at approximately $142,000. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of Church & Dwight in the second quarter valued at approximately $148,000. Hedge funds and other institutional investors own 85.19% of the company’s stock.

CHD opened at $65.55 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 0.77. The firm has a market cap of $16.28 billion, a price-to-earnings ratio of 33.79, a PEG ratio of 2.87 and a beta of 0.31. Church & Dwight Co., Inc. has a one year low of $43.96 and a one year high of $67.93.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. Church & Dwight had a return on equity of 25.00% and a net margin of 20.25%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the business earned $0.49 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. On average, equities analysts anticipate that Church & Dwight Co., Inc. will post 2.28 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be given a $0.2175 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.87 annualized dividend and a dividend yield of 1.33%. Church & Dwight’s dividend payout ratio is currently 44.85%.

In other news, Director James Craigie sold 300,000 shares of the company’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $66.43, for a total value of $19,929,000.00. Following the sale, the director now directly owns 327,577 shares in the company, valued at $21,760,940.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert K. Shearer sold 16,718 shares of the company’s stock in a transaction 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 sale, 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 650,082 shares of company stock worth $39,909,666 over the last 90 days. Company insiders own 2.00% of the company’s stock.

CHD has been the topic of a number of analyst reports. ValuEngine upgraded Church & Dwight from a “hold” rating to a “buy” rating in a research note on Wednesday, September 12th. Jefferies Financial Group boosted their target price on Church & Dwight from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Monday, October 29th. Royal Bank of Canada boosted their target price on Church & Dwight to $60.00 and gave the stock a “fair value” rating in a research report on Friday, August 3rd. Stifel Nicolaus boosted their target price on Church & Dwight from $48.00 to $52.00 and gave the stock a “hold” rating in a research report on Friday, August 3rd. Finally, BMO Capital Markets boosted their target price on Church & Dwight from $47.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, August 3rd. They noted that the move was a valuation call. Five 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. The company currently has an average rating of “Hold” and a consensus target price of $58.88.

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Church & Dwight Company Profile

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.

Further Reading: Discover Your Risk Tolerance

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

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