Church & Dwight Company, Inc. (CHD) Position Trimmed by Scotia Capital Inc.

Scotia Capital Inc. trimmed its position in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,859 shares of the company’s stock after selling 495 shares during the period. Scotia Capital Inc.’s holdings in Church & Dwight were worth $2,794,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Church & Dwight by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 27,784,350 shares of the company’s stock valued at $1,441,451,000 after purchasing an additional 345,265 shares in the last quarter. BlackRock Inc. grew its holdings in Church & Dwight by 2,267.4% during the 1st quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock valued at $970,569,000 after purchasing an additional 18,639,877 shares in the last quarter. State Street Corp grew its holdings in Church & Dwight by 23.1% during the 1st quarter. State Street Corp now owns 14,762,551 shares of the company’s stock valued at $736,228,000 after purchasing an additional 2,769,003 shares in the last quarter. Bessemer Group Inc. grew its holdings in Church & Dwight by 1.2% during the 2nd quarter. Bessemer Group Inc. now owns 4,814,253 shares of the company’s stock valued at $249,764,000 after purchasing an additional 55,092 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Church & Dwight by 7.7% during the 1st quarter. Geode Capital Management LLC now owns 2,900,524 shares of the company’s stock valued at $144,473,000 after purchasing an additional 208,604 shares in the last quarter. 79.57% of the stock is owned by institutional investors and hedge funds.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The firm had revenue of $898.00 million for the quarter, compared to analyst estimates of $903.87 million. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS.

In other Church & Dwight news, Director Robert D. Leblanc sold 9,718 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $49.84, for a total value of $484,345.12. Following the sale, the director now owns 56,497 shares of the company’s stock, valued at approximately $2,815,810.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven P. Cugine sold 177,940 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.30, for a total transaction of $8,950,382.00. Following the completion of the sale, the executive vice president now directly owns 46,348 shares in the company, valued at approximately $2,331,304.40. The disclosure for this sale can be found here. Insiders sold a total of 198,858 shares of company stock worth $9,996,631 in the last three months. Insiders own 2.00% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $63.00 price target (up from $60.00) on shares of Church & Dwight in a report on Tuesday, July 18th. UBS AG reaffirmed a “sell” rating and set a $48.00 price target (up from $46.00) on shares of Church & Dwight in a report on Tuesday, July 18th. BMO Capital Markets set a $50.00 price target on shares of Church & Dwight and gave the company a “hold” rating in a report on Monday, July 17th. Zacks Investment Research lowered shares of Church & Dwight from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, BidaskClub raised shares of Church & Dwight from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $51.26.

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About Church & Dwight

Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company’s segments include Consumer Domestic, Consumer International and Specialty Products Division (SPD). The Company also sells specialty products to industrial customers and distributors.

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

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