Envestnet Asset Management Inc. Sells 9,659 Shares of Church & Dwight Company, Inc. (CHD)

Envestnet Asset Management Inc. trimmed its holdings in shares of Church & Dwight Company, Inc. (NYSE:CHD) by 29.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,170 shares of the company’s stock after selling 9,659 shares during the period. Envestnet Asset Management Inc.’s holdings in Church & Dwight were worth $1,122,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Westpac Banking Corp lifted its stake in Church & Dwight by 636.4% in the 3rd quarter. Westpac Banking Corp now owns 115,863 shares of the company’s stock valued at $5,614,000 after purchasing an additional 100,129 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Church & Dwight by 4.0% in the 2nd quarter. Sterling Capital Management LLC now owns 7,070 shares of the company’s stock valued at $367,000 after purchasing an additional 270 shares during the last quarter. Huntington National Bank lifted its stake in Church & Dwight by 3.1% in the 3rd quarter. Huntington National Bank now owns 726,553 shares of the company’s stock valued at $35,202,000 after purchasing an additional 21,739 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Church & Dwight by 2.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 832,247 shares of the company’s stock valued at $43,177,000 after purchasing an additional 21,399 shares during the last quarter. Finally, Koch Industries Inc. acquired a new stake in Church & Dwight in the 2nd quarter valued at about $271,000. Institutional investors own 79.87% of the company’s stock.

In related news, CFO Richard A. Dierker acquired 1,146 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was purchased at an average cost of $43.66 per share, for a total transaction of $50,034.36. Following the completion of the transaction, the chief financial officer now directly owns 6,411 shares of the company’s stock, valued at approximately $279,904.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Matthew Farrell acquired 5,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were bought at an average price of $43.83 per share, with a total value of $219,150.00. Following the completion of the transaction, the chief executive officer now directly owns 103,685 shares of the company’s stock, valued at $4,544,513.55. The disclosure for this purchase can be found here. Company insiders own 2.00% of the company’s stock.

Several brokerages recently issued reports on CHD. Deutsche Bank began coverage on shares of Church & Dwight in a research note on Wednesday, December 13th. They issued a “buy” rating and a $54.00 target price for the company. Societe Generale upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Wednesday, November 29th. They noted that the move was a valuation call. Oppenheimer reiterated a “hold” rating on shares of Church & Dwight in a research note on Wednesday, November 8th. Barclays cut their target price on shares of Church & Dwight from $49.00 to $43.00 and set an “underweight” rating for the company in a research note on Tuesday, November 7th. Finally, BMO Capital Markets cut their target price on shares of Church & Dwight from $50.00 to $45.00 and set a “market perform” rating for the company in a research note on Monday, November 6th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $50.45.

Shares of Church & Dwight Company, Inc. (NYSE CHD) opened at $49.22 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. The stock has a market cap of $12,311.32, a P/E ratio of 26.48, a price-to-earnings-growth ratio of 2.88 and a beta of 0.56. Church & Dwight Company, Inc. has a 1 year low of $43.21 and a 1 year high of $54.18.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. The firm had revenue of $967.90 million during the quarter, compared to the consensus estimate of $937.20 million. Church & Dwight had a net margin of 12.32% and a return on equity of 24.82%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. sell-side analysts anticipate that Church & Dwight Company, Inc. will post 1.92 EPS for the current fiscal year.

Church & Dwight declared that its Board of Directors has approved a stock buyback program on Thursday, November 2nd that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, November 14th. This represents a $0.76 annualized dividend and a yield of 1.54%. Church & Dwight’s dividend payout ratio (DPR) is presently 43.68%.

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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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