Washington Trust Bank Continues to Hold Position in Church & Dwight Company, Inc. (NYSE:CHD)

Washington Trust Bank held its position in shares of Church & Dwight Company, Inc. (NYSE:CHD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,065 shares of the company’s stock at the end of the second quarter. Washington Trust Bank’s holdings in Church & Dwight were worth $211,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Church & Dwight by 4.0% in the first quarter. Vanguard Group Inc. now owns 27,439,085 shares of the company’s stock valued at $1,368,388,000 after buying an additional 1,054,013 shares during the last quarter. BlackRock Inc. raised its position in shares of Church & Dwight by 2,267.4% in the first quarter. BlackRock Inc. now owns 19,461,970 shares of the company’s stock worth $970,569,000 after buying an additional 18,639,877 shares in the last quarter. State Street Corp raised its position in shares of Church & Dwight by 23.1% in the first quarter. State Street Corp now owns 14,762,551 shares of the company’s stock worth $736,228,000 after buying an additional 2,769,003 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Church & Dwight by 7.7% in the first quarter. Geode Capital Management LLC now owns 2,900,524 shares of the company’s stock worth $144,473,000 after buying an additional 208,604 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Church & Dwight by 13.1% in the first quarter. Swiss National Bank now owns 2,209,816 shares of the company’s stock worth $110,204,000 after buying an additional 255,900 shares in the last quarter. 80.62% of the stock is currently owned by institutional investors.

Church & Dwight Company, Inc. (CHD) traded up 0.40% on Friday, reaching $50.05. The company’s stock had a trading volume of 1,130,327 shares. The company has a market cap of $12.49 billion, a P/E ratio of 29.60 and a beta of 0.57. Church & Dwight Company, Inc. has a 12 month low of $42.56 and a 12 month high of $54.18. The stock’s 50 day moving average price is $51.83 and its 200 day moving average price is $50.67.

Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, August 3rd. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $898 million for the quarter, compared to the consensus estimate of $903.87 million. Church & Dwight had a net margin of 12.39% and a return on equity of 24.21%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. Equities research analysts forecast that Church & Dwight Company, Inc. will post $1.93 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Friday, August 11th. Church & Dwight’s dividend payout ratio (DPR) is 44.97%.

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Several brokerages recently weighed in on CHD. Zacks Investment Research downgraded Church & Dwight from a “buy” rating to a “hold” rating in a research note on Thursday, May 18th. Jefferies Group LLC reiterated a “buy” rating and issued a $63.00 price objective (up previously from $60.00) on shares of Church & Dwight in a research report on Tuesday, July 18th. BidaskClub downgraded Church & Dwight from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $45.00 price objective on shares of Church & Dwight in a research report on Friday, May 5th. Finally, Bank of America Corporation raised their target price on Church & Dwight from $51.00 to $53.00 and gave the stock an “underperform” rating in a research report on Monday, July 10th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. Church & Dwight has an average rating of “Hold” and an average target price of $51.07.

In other Church & Dwight news, EVP Steven P. Cugine sold 177,940 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 46,348 shares of the company’s stock, valued at approximately $2,331,304.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert D. Leblanc sold 9,718 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $49.84, for a total transaction of $484,345.12. Following the transaction, the director now directly owns 56,497 shares in the company, valued at approximately $2,815,810.48. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

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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