Ironwood Investment Management LLC Has $981,000 Position in Church & Dwight Co., Inc. (NYSE:CHD)

Ironwood Investment Management LLC lessened its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 1.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,463 shares of the company’s stock after selling 115 shares during the quarter. Ironwood Investment Management LLC’s holdings in Church & Dwight were worth $981,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP boosted its stake in shares of Church & Dwight by 4,121.9% in the 2nd quarter. Quarry LP now owns 1,351 shares of the company’s stock valued at $140,000 after purchasing an additional 1,319 shares in the last quarter. Front Row Advisors LLC bought a new position in shares of Church & Dwight in the second quarter worth about $203,000. Creative Planning increased its holdings in shares of Church & Dwight by 3.5% in the second quarter. Creative Planning now owns 52,856 shares of the company’s stock valued at $5,480,000 after purchasing an additional 1,772 shares in the last quarter. Ascent Group LLC raised its position in Church & Dwight by 17.7% in the 2nd quarter. Ascent Group LLC now owns 23,902 shares of the company’s stock worth $2,478,000 after purchasing an additional 3,591 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its holdings in Church & Dwight by 626.4% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 108,240 shares of the company’s stock worth $11,222,000 after buying an additional 93,340 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. TD Cowen assumed coverage on Church & Dwight in a research report on Tuesday, July 23rd. They set a “buy” rating and a $116.00 target price for the company. BNP Paribas began coverage on Church & Dwight in a research note on Monday, June 24th. They set a “neutral” rating and a $114.00 price objective on the stock. Wells Fargo & Company lowered their price target on Church & Dwight from $116.00 to $108.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Barclays lifted their price objective on Church & Dwight from $80.00 to $82.00 and gave the company an “underweight” rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. decreased their price objective on Church & Dwight from $101.00 to $97.00 and set an “underweight” rating for the company in a research report on Monday, August 5th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $107.25.

Church & Dwight Stock Up 1.4 %

NYSE:CHD opened at $104.39 on Monday. Church & Dwight Co., Inc. has a twelve month low of $82.25 and a twelve month high of $110.31. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average price is $102.10 and its two-hundred day moving average price is $104.20. The firm has a market capitalization of $25.56 billion, a price-to-earnings ratio of 33.14, a price-to-earnings-growth ratio of 3.86 and a beta of 0.54.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.09. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. Equities research analysts expect that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were issued a $0.2838 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.14 annualized dividend and a yield of 1.09%. Church & Dwight’s dividend payout ratio is currently 35.87%.

Insider Buying and Selling at Church & Dwight

In other news, EVP Barry A. Bruno sold 59,328 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at $429,179.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics 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; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.