Church & Dwight Co., Inc. (NYSE:CHD) Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp increased its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 1.0% during the fourth quarter, Holdings Channel reports. The firm owned 13,387 shares of the company’s stock after purchasing an additional 132 shares during the period. Fifth Third Bancorp’s holdings in Church & Dwight were worth $1,402,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Public Sector Pension Investment Board lifted its position in shares of Church & Dwight by 69.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 9,448 shares of the company’s stock valued at $980,000 after acquiring an additional 3,882 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Church & Dwight during the second quarter worth $33,000. Creative Planning lifted its holdings in shares of Church & Dwight by 3.5% during 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 during the last quarter. Quarry LP boosted its position 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 during the period. Finally, Kimelman & Baird LLC purchased a new position in Church & Dwight in the 2nd quarter worth about $46,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Stock Performance

CHD stock opened at $107.61 on Wednesday. The company has a market capitalization of $26.36 billion, a price-to-earnings ratio of 48.26, a P/E/G ratio of 3.29 and a beta of 0.58. The firm has a 50 day moving average of $106.69 and a two-hundred day moving average of $104.11. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a 12 month low of $96.09 and a 12 month high of $113.50.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the business posted $0.74 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on CHD. JPMorgan Chase & Co. upped their price objective on shares of Church & Dwight from $99.00 to $107.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. TD Cowen raised their price objective on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Wells Fargo & Company lifted their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Barclays increased their target price on Church & Dwight from $85.00 to $90.00 and gave the company an “underweight” rating in a report on Friday, January 17th. Finally, Stifel Nicolaus dropped their price target on Church & Dwight from $105.00 to $103.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $110.61.

Insider Activity at Church & Dwight

In other news, CEO Matthew Farrell sold 300,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total value of $31,152,000.00. Following the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at approximately $11,704,740.96. This trade represents a 72.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Joseph James Longo sold 7,780 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $112.44, for a total value of $874,783.20. Following the transaction, the chief accounting officer now directly owns 400 shares of the company’s stock, valued at $44,976. This represents a 95.11 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 593,035 shares of company stock valued at $62,282,808. Corporate insiders own 2.00% of the company’s stock.

About Church & Dwight

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. 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.