First Citizens Bank & Trust Co. Boosts Position in Church & Dwight Co., Inc. (CHD)

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First Citizens Bank & Trust Co. increased its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 839.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,170 shares of the company’s stock after purchasing an additional 43,045 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Church & Dwight were worth $2,860,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Bartlett & Co. LLC raised its holdings in shares of Church & Dwight by 937.5% in the 2nd quarter. Bartlett & Co. LLC now owns 1,992 shares of the company’s stock worth $106,000 after purchasing an additional 1,800 shares during the period. Summit Trail Advisors LLC raised its holdings in shares of Church & Dwight by 3,720.6% in the 1st quarter. Summit Trail Advisors LLC now owns 119,660 shares of the company’s stock worth $120,000 after purchasing an additional 116,528 shares during the period. Fort L.P. bought a new stake in Church & Dwight during the 2nd quarter valued at $129,000. Global Trust Asset Management LLC bought a new stake in Church & Dwight during the 3rd quarter valued at $142,000. Finally, Piedmont Investment Advisors LLC bought a new stake in Church & Dwight during the 2nd quarter valued at $148,000. 85.09% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on the stock. ValuEngine raised shares of Church & Dwight from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Zacks Investment Research cut shares of Church & Dwight from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Deutsche Bank cut shares of Church & Dwight from a “hold” rating to a “sell” rating and set a $51.00 target price on the stock. in a report on Wednesday, October 10th. Oppenheimer boosted their target price on shares of Church & Dwight from $60.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, September 27th. Finally, Atlantic Securities assumed coverage on shares of Church & Dwight in a report on Thursday, September 20th. They set an “overweight” rating and a $70.00 target price on the stock. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Church & Dwight has an average rating of “Hold” and a consensus target price of $55.47.

In other news, Director Robert K. Shearer sold 16,718 shares of the company’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $57.82, for a total value of $966,634.76. Following the transaction, the director now owns 45,826 shares of the company’s stock, valued at $2,649,659.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Arthur B. Winkleblack sold 8,058 shares of the company’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $55.94, for a total transaction of $450,764.52. Following the completion of the transaction, the director now directly owns 75,187 shares in the company, valued at approximately $4,205,960.78. The disclosure for this sale can be found here. In the last ninety days, insiders sold 473,800 shares of company stock worth $27,051,358. Insiders own 2.00% of the company’s stock.

Shares of Church & Dwight stock traded up $0.48 during trading on Thursday, hitting $58.99. The stock had a trading volume of 99,207 shares, compared to its average volume of 2,012,060. The stock has a market cap of $14.57 billion, a P/E ratio of 29.93, a PEG ratio of 2.60 and a beta of 0.38. Church & Dwight Co., Inc. has a 12 month low of $43.21 and a 12 month high of $60.42. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.46 and a current ratio of 0.79.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Church & Dwight had a net margin of 20.29% and a return on equity of 25.21%. The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Sell-side analysts predict that Church & Dwight Co., Inc. will post 2.28 earnings per share for the current year.

Church & Dwight Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products 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; and water flossers and replacement showerheads under the WATERPIK brand.

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

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