Sterling Capital Management LLC cut its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 8.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,524 shares of the company’s stock after selling 2,299 shares during the quarter. Sterling Capital Management LLC’s holdings in Church & Dwight were worth $1,251,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. OppenheimerFunds Inc. lifted its position in shares of Church & Dwight by 80,441.5% during the second quarter. OppenheimerFunds Inc. now owns 5,905,303 shares of the company’s stock valued at $313,926,000 after buying an additional 5,897,971 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Church & Dwight by 45.0% during the second quarter. Wells Fargo & Company MN now owns 3,428,959 shares of the company’s stock valued at $182,283,000 after acquiring an additional 1,064,241 shares in the last quarter. FMR LLC increased its holdings in shares of Church & Dwight by 7.4% during the second quarter. FMR LLC now owns 2,758,699 shares of the company’s stock valued at $146,652,000 after acquiring an additional 190,608 shares in the last quarter. Swiss National Bank increased its holdings in shares of Church & Dwight by 0.7% during the second quarter. Swiss National Bank now owns 1,690,016 shares of the company’s stock valued at $89,841,000 after acquiring an additional 12,300 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Church & Dwight by 14.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,107,188 shares of the company’s stock valued at $58,859,000 after acquiring an additional 137,060 shares in the last quarter. 85.04% of the stock is owned by institutional investors.

In other Church & Dwight news, VP Richard A. Dierker sold 33,900 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $57.24, for a total value of $1,940,436.00. Following the transaction, the vice president now owns 25,376 shares in the company, valued at approximately $1,452,522.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Steven J. Katz sold 19,760 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $57.12, for a total value of $1,128,691.20. Following the completion of the sale, the chief accounting officer now directly owns 21,018 shares of the company’s stock, valued at $1,200,548.16. The disclosure for this sale can be found here. Insiders sold a total of 510,691 shares of company stock worth $28,946,904 in the last 90 days. 2.00% of the stock is currently owned by insiders.

CHD has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Monday, May 21st. Jefferies Financial Group restated a “buy” rating and set a $55.00 price objective on shares of Church & Dwight in a report on Sunday, June 10th. ValuEngine upgraded shares of Church & Dwight from a “sell” rating to a “hold” rating in a report on Wednesday, June 20th. Bank of America increased their price target on shares of Church & Dwight from $51.00 to $55.00 and gave the stock an “underperform” rating in a report on Monday, July 16th. Finally, UBS Group started coverage on shares of Church & Dwight in a report on Thursday, July 19th. They issued a “neutral” rating and a $57.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $54.00.

Shares of NYSE:CHD opened at $59.55 on Monday. Church & Dwight Co., Inc. has a 1 year low of $43.21 and a 1 year high of $59.74. The company has a market cap of $14.58 billion, a PE ratio of 30.70, a price-to-earnings-growth ratio of 2.60 and a beta of 0.38. 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 announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. Church & Dwight had a return on equity of 25.21% and a net margin of 20.29%. The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. sell-side analysts expect that Church & Dwight Co., Inc. will post 2.28 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Wednesday, August 15th were issued a $0.2175 dividend. The ex-dividend date was Tuesday, August 14th. This represents a $0.87 dividend on an annualized basis and a yield of 1.46%. Church & Dwight’s payout ratio is currently 44.85%.

Church & Dwight Company 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.

Further Reading: How to calculate the intrinsic value of a stock

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

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