LPL Financial LLC grew its position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 4.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,056 shares of the company’s stock after acquiring an additional 5,072 shares during the quarter. LPL Financial LLC’s holdings in Church & Dwight were worth $11,833,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich lifted its position in Church & Dwight by 3,209.5% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 41,686,469 shares of the company’s stock worth $4,178,235,000 after acquiring an additional 40,426,871 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in shares of Church & Dwight by 106,565.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 6,688,996 shares of the company’s stock worth $539,200,000 after purchasing an additional 6,682,725 shares during the period. Norges Bank acquired a new stake in shares of Church & Dwight during the fourth quarter worth $192,019,000. Morgan Stanley lifted its holdings in shares of Church & Dwight by 25.8% during the fourth quarter. Morgan Stanley now owns 3,148,588 shares of the company’s stock worth $253,808,000 after purchasing an additional 645,291 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Church & Dwight by 31.3% during the first quarter. Bank of America Corp DE now owns 2,301,313 shares of the company’s stock worth $203,459,000 after purchasing an additional 548,298 shares during the period. 82.79% of the stock is owned by institutional investors and hedge funds.
Church & Dwight Trading Down 2.3 %
Shares of Church & Dwight stock opened at $90.11 on Monday. Church & Dwight Co., Inc. has a 1 year low of $70.30 and a 1 year high of $100.52. The company has a market capitalization of $22.17 billion, a P/E ratio of 50.06, a P/E/G ratio of 3.62 and a beta of 0.48. The business has a 50 day moving average price of $92.56 and a 200 day moving average price of $94.51. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.41 and a quick ratio of 0.80.
Analyst Ratings Changes
Several research firms have recently commented on CHD. Stifel Nicolaus raised their target price on shares of Church & Dwight from $95.00 to $97.00 and gave the stock a “hold” rating in a research note on Monday, July 31st. JPMorgan Chase & Co. raised their price target on Church & Dwight from $91.00 to $93.00 and gave the company an “underweight” rating in a report on Thursday, October 12th. Royal Bank of Canada raised their price target on Church & Dwight from $91.00 to $94.00 and gave the company a “sector perform” rating in a report on Monday, July 31st. Deutsche Bank Aktiengesellschaft raised their target price on Church & Dwight from $107.00 to $110.00 and gave the company a “buy” rating in a report on Monday, July 31st. Finally, HSBC assumed coverage on Church & Dwight in a report on Friday, September 22nd. They issued a “hold” rating and a $102.00 target price for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Church & Dwight has an average rating of “Hold” and a consensus price target of $95.44.
Get Our Latest Stock Report on CHD
Insider Activity at Church & Dwight
In other Church & Dwight news, CEO Matthew Farrell sold 7,006 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $97.15, for a total value of $680,632.90. Following the completion of the transaction, the chief executive officer now directly owns 112,444 shares in the company, valued at approximately $10,923,934.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Matthew Farrell sold 7,006 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $97.15, for a total transaction of $680,632.90. Following the completion of the transaction, the chief executive officer now owns 112,444 shares of the company’s stock, valued at approximately $10,923,934.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Richard A. Dierker sold 90,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $95.80, for a total transaction of $8,622,000.00. Following the completion of the sale, the chief financial officer now directly owns 7,544 shares in the company, valued at $722,715.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 258,348 shares of company stock valued at $24,793,650. Company insiders own 2.00% of the company’s stock.
Church & Dwight Company 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.
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