Bright Rock Capital Management LLC Has $1,453,000 Stake in Church & Dwight Company, Inc. (CHD)

Bright Rock Capital Management LLC continued to hold its position in shares of Church & Dwight Company, Inc. (NYSE:CHD) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,000 shares of the company’s stock at the end of the second quarter. Bright Rock Capital Management LLC’s holdings in Church & Dwight were worth $1,453,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. DnB Asset Management AS increased its position in shares of Church & Dwight by 26.8% in the first quarter. DnB Asset Management AS now owns 36,896 shares of the company’s stock worth $1,840,000 after buying an additional 7,800 shares in the last quarter. Gateway Investment Advisers LLC increased its position in shares of Church & Dwight by 37.7% in the first quarter. Gateway Investment Advisers LLC now owns 267,848 shares of the company’s stock worth $13,358,000 after buying an additional 73,332 shares in the last quarter. Reilly Financial Advisors LLC increased its position in shares of Church & Dwight by 9.4% in the first quarter. Reilly Financial Advisors LLC now owns 22,655 shares of the company’s stock worth $1,130,000 after buying an additional 1,940 shares in the last quarter. Howland Capital Management LLC increased its position in shares of Church & Dwight by 77.0% in the first quarter. Howland Capital Management LLC now owns 10,805 shares of the company’s stock worth $539,000 after buying an additional 4,699 shares in the last quarter. Finally, Cim LLC bought a new position in shares of Church & Dwight during the first quarter worth about $493,000. Institutional investors and hedge funds own 82.05% of the company’s stock.

Shares of Church & Dwight Company, Inc. (NYSE CHD) opened at 49.92 on Thursday. Church & Dwight Company, Inc. has a 52-week low of $42.56 and a 52-week high of $54.18. The firm has a market cap of $12.44 billion, a PE ratio of 27.28 and a beta of 0.57. The stock has a 50 day moving average price of $52.40 and a 200-day moving average price of $50.50.

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

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

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A number of brokerages have recently issued reports on CHD. Jefferies Group LLC reiterated a “buy” rating and issued a $63.00 price target (up from $60.00) on shares of Church & Dwight in a report on Tuesday, July 18th. BMO Capital Markets set a $50.00 price target on Church & Dwight and gave the company a “hold” rating in a report on Monday, July 17th. UBS AG reiterated a “sell” rating and issued a $48.00 price target (up from $46.00) on shares of Church & Dwight in a report on Tuesday, July 18th. Zacks Investment Research downgraded Church & Dwight from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, BidaskClub upgraded Church & Dwight from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $51.07.

In related news, EVP Steven P. Cugine sold 177,940 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $50.30, for a total value of $8,950,382.00. Following the transaction, the executive vice president now owns 46,348 shares of the company’s stock, valued at $2,331,304.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.

Church & Dwight Company Profile

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.

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

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