Church & Dwight Co., Inc. (CHD) Position Trimmed by Gateway Investment Advisers LLC

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Gateway Investment Advisers LLC trimmed its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 15.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 16,903 shares of the company’s stock after selling 2,989 shares during the period. Gateway Investment Advisers LLC’s holdings in Church & Dwight were worth $1,204,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bank of America Corp DE raised its position in Church & Dwight by 4.5% during the fourth quarter. Bank of America Corp DE now owns 2,657,043 shares of the company’s stock valued at $174,728,000 after buying an additional 113,257 shares during the period. First Financial Bank Trust Division raised its position in Church & Dwight by 1.7% during the fourth quarter. First Financial Bank Trust Division now owns 88,740 shares of the company’s stock valued at $5,835,000 after buying an additional 1,513 shares during the period. Natixis Advisors L.P. raised its position in Church & Dwight by 5.3% during the fourth quarter. Natixis Advisors L.P. now owns 51,434 shares of the company’s stock valued at $3,382,000 after buying an additional 2,579 shares during the period. Davis R M Inc. raised its position in Church & Dwight by 42.0% during the fourth quarter. Davis R M Inc. now owns 10,753 shares of the company’s stock valued at $707,000 after buying an additional 3,183 shares during the period. Finally, Bank of Montreal Can raised its position in Church & Dwight by 23.2% during the fourth quarter. Bank of Montreal Can now owns 355,259 shares of the company’s stock valued at $23,363,000 after buying an additional 66,927 shares during the period. 82.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE CHD opened at $73.77 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.52 and a debt-to-equity ratio of 0.61. The stock has a market cap of $18.17 billion, a PE ratio of 32.50, a P/E/G ratio of 3.59 and a beta of 0.23. Church & Dwight Co., Inc. has a 52 week low of $44.87 and a 52 week high of $74.49.

Church & Dwight (NYSE:CHD) last announced its earnings results on Tuesday, February 5th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). Church & Dwight had a net margin of 13.72% and a return on equity of 24.80%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the previous year, the company earned $0.52 EPS. Church & Dwight’s revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts expect that Church & Dwight Co., Inc. will post 2.46 earnings per share for the current year.

Several research analysts have weighed in on the company. Oppenheimer upped their target price on Church & Dwight from $73.00 to $82.00 and gave the stock an “outperform” rating in a research report on Monday. Jefferies Financial Group upped their target price on Church & Dwight from $74.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Zacks Investment Research raised Church & Dwight from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research report on Tuesday, April 9th. SunTrust Banks upped their target price on Church & Dwight from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Finally, Bank of America raised Church & Dwight from an “underperform” rating to a “neutral” rating and set a $75.00 target price on the stock in a research report on Friday, March 29th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Church & Dwight currently has a consensus rating of “Hold” and an average price target of $66.85.

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About Church & Dwight

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

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

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