Robertson Stephens Wealth Management LLC Decreases Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Robertson Stephens Wealth Management LLC reduced its position in Church & Dwight Co., Inc. (NYSE:CHD) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,466 shares of the company’s stock after selling 227 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Church & Dwight were worth $233,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CHD. Commonwealth Equity Services LLC grew its stake in shares of Church & Dwight by 0.6% during the third quarter. Commonwealth Equity Services LLC now owns 75,007 shares of the company’s stock worth $6,873,000 after acquiring an additional 446 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Church & Dwight by 0.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 203,722 shares of the company’s stock worth $18,667,000 after buying an additional 1,660 shares during the last quarter. Stratos Wealth Advisors LLC lifted its stake in shares of Church & Dwight by 8.0% during the third quarter. Stratos Wealth Advisors LLC now owns 9,355 shares of the company’s stock worth $857,000 after buying an additional 693 shares during the period. Forsta AP Fonden grew its holdings in shares of Church & Dwight by 11.1% during the third quarter. Forsta AP Fonden now owns 53,100 shares of the company’s stock valued at $4,866,000 after buying an additional 5,300 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Church & Dwight by 317.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 164,844 shares of the company’s stock valued at $15,105,000 after acquiring an additional 125,386 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Royal Bank of Canada increased their price objective on Church & Dwight from $94.00 to $103.00 and gave the company a “sector perform” rating in a report on Monday, February 5th. Oppenheimer upped their price target on shares of Church & Dwight from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, April 23rd. Barclays lifted their price objective on Church & Dwight from $80.00 to $83.00 and gave the company an “underweight” rating in a research note on Friday, April 12th. Bank of America raised their target price on Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. decreased their price target on Church & Dwight from $98.00 to $97.00 and set an “underweight” rating for the company in a report on Friday. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Church & Dwight presently has an average rating of “Hold” and an average target price of $105.63.

Church & Dwight Stock Performance

NYSE CHD opened at $106.09 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.64. The stock’s 50 day simple moving average is $103.57 and its 200-day simple moving average is $97.65. The company has a market cap of $25.88 billion, a PE ratio of 33.68, a price-to-earnings-growth ratio of 3.54 and a beta of 0.51. Church & Dwight Co., Inc. has a 1-year low of $82.25 and a 1-year high of $108.68.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm posted $0.85 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.44 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be issued a $0.2838 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $1.14 dividend on an annualized basis and a yield of 1.07%. Church & Dwight’s payout ratio is 35.87%.

Insiders Place Their Bets

In related news, EVP Michael Read sold 4,500 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $105.00, for a total value of $472,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Rene Hemsey sold 9,280 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total value of $930,041.60. Following the completion of the sale, the executive vice president now owns 6,373 shares of the company’s stock, valued at $638,702.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Read sold 4,500 shares of Church & Dwight stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $105.00, for a total transaction of $472,500.00. The disclosure for this sale can be found here. Insiders have sold 373,052 shares of company stock valued at $38,603,796 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Profile

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 cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics 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; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.