Silvercrest Asset Management Group LLC Cuts Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Silvercrest Asset Management Group LLC trimmed its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 10.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 77,081 shares of the company’s stock after selling 9,200 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Church & Dwight were worth $5,632,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Northern Trust Corp grew its position in Church & Dwight by 2.7% during the 1st quarter. Northern Trust Corp now owns 2,948,593 shares of the company’s stock valued at $210,028,000 after purchasing an additional 77,370 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Church & Dwight by 45.7% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 412,431 shares of the company’s stock valued at $30,132,000 after acquiring an additional 129,350 shares during the last quarter. GAM Holding AG boosted its holdings in shares of Church & Dwight by 7.2% during the 1st quarter. GAM Holding AG now owns 191,881 shares of the company’s stock valued at $13,668,000 after acquiring an additional 12,882 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Church & Dwight by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,139,618 shares of the company’s stock valued at $74,943,000 after acquiring an additional 23,690 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of Church & Dwight by 18.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 250,972 shares of the company’s stock valued at $17,836,000 after acquiring an additional 38,946 shares during the last quarter. 81.29% of the stock is currently owned by institutional investors.

In other news, VP Rick Spann bought 1,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were bought at an average price of $72.07 per share, for a total transaction of $72,070.00. Following the purchase, the vice president now owns 4,973 shares in the company, valued at $358,404.11. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Craigie sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $80.31, for a total transaction of $321,240.00. Following the sale, the director now owns 9,806 shares in the company, valued at approximately $787,519.86. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 8,704 shares of company stock worth $621,301 and have sold 90,418 shares worth $7,198,251. 2.00% of the stock is currently owned by company insiders.

CHD has been the topic of a number of recent analyst reports. SunTrust Banks raised their price target on shares of Church & Dwight to $80.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Zacks Investment Research downgraded shares of Church & Dwight from a “buy” rating to a “hold” rating and set a $77.00 price target on the stock. in a report on Thursday, May 30th. Oppenheimer reaffirmed a “buy” rating on shares of Church & Dwight in a report on Tuesday, September 10th. Jefferies Financial Group set a $86.00 price target on shares of Church & Dwight and gave the company a “buy” rating in a report on Friday, September 13th. Finally, Stifel Nicolaus raised their price target on shares of Church & Dwight from $71.00 to $74.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $71.34.

Shares of NYSE:CHD traded up $0.19 during trading on Thursday, hitting $73.00. The company’s stock had a trading volume of 79,812 shares, compared to its average volume of 1,983,018. The company has a 50-day moving average of $76.83 and a 200-day moving average of $73.98. Church & Dwight Co., Inc. has a 12 month low of $54.46 and a 12 month high of $80.99. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.78 and a quick ratio of 0.44. The firm has a market cap of $17.88 billion, a price-to-earnings ratio of 32.11, a P/E/G ratio of 3.35 and a beta of 0.14.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. Church & Dwight had a net margin of 14.24% and a return on equity of 24.57%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the business earned $0.49 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, research analysts anticipate that Church & Dwight Co., Inc. will post 2.48 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Wednesday, August 14th. Church & Dwight’s payout ratio is 40.09%.

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

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