Bath Savings Trust Co Cuts Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Bath Savings Trust Co reduced its position in Church & Dwight Co., Inc. (NYSE:CHD) by 1.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,117 shares of the company’s stock after selling 2,592 shares during the period. Church & Dwight accounts for about 2.2% of Bath Savings Trust Co’s investment portfolio, making the stock its 12th biggest position. Bath Savings Trust Co’s holdings in Church & Dwight were worth $22,318,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC purchased a new stake in shares of Church & Dwight during the 1st quarter worth approximately $26,000. Crewe Advisors LLC purchased a new stake in Church & Dwight during the first quarter valued at $28,000. Roble Belko & Company Inc bought a new position in Church & Dwight during the first quarter valued at $31,000. Rothschild Investment LLC purchased a new position in shares of Church & Dwight in the 2nd quarter worth $31,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Church & Dwight in the 2nd quarter worth about $33,000. 86.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on CHD. Barclays lifted their price target on Church & Dwight from $80.00 to $82.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 6th. Evercore ISI cut their target price on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research report on Monday, August 5th. BNP Paribas initiated coverage on Church & Dwight in a research report on Monday, June 24th. They issued a “neutral” rating and a $114.00 price target for the company. TD Cowen assumed coverage on shares of Church & Dwight in a research report on Tuesday, July 23rd. They set a “buy” rating and a $116.00 price objective on the stock. Finally, Wells Fargo & Company lowered their target price on shares of Church & Dwight from $116.00 to $108.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $107.25.

Insider Activity

In related news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction on Monday, August 5th. The stock was 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 in the company, valued at $429,179.03. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.00% of the company’s stock.

Church & Dwight Price Performance

Shares of CHD stock opened at $99.15 on Tuesday. The stock’s 50-day moving average is $102.35 and its 200 day moving average is $104.16. Church & Dwight Co., Inc. has a 1-year low of $82.25 and a 1-year high of $110.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98. The company has a market cap of $24.27 billion, a P/E ratio of 31.48, a PEG ratio of 3.74 and a beta of 0.54.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, August 2nd. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.09. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. Research analysts predict that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were given a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Thursday, August 15th. Church & Dwight’s payout ratio is presently 35.87%.

Church & Dwight Company Profile

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.