Evercore Wealth Management LLC Reduces Holdings in Church & Dwight Co., Inc. (CHD)

Evercore Wealth Management LLC cut its position in Church & Dwight Co., Inc. (NYSE:CHD) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,942 shares of the company’s stock after selling 4,321 shares during the quarter. Evercore Wealth Management LLC’s holdings in Church & Dwight were worth $4,390,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Invictus RG bought a new stake in Church & Dwight in the third quarter worth approximately $423,000. First Republic Investment Management Inc. increased its holdings in Church & Dwight by 2.4% in the third quarter. First Republic Investment Management Inc. now owns 221,762 shares of the company’s stock worth $13,166,000 after purchasing an additional 5,259 shares in the last quarter. People s United Financial Inc. bought a new stake in Church & Dwight in the third quarter worth approximately $300,000. Integrated Wealth Concepts LLC bought a new stake in Church & Dwight in the third quarter worth approximately $202,000. Finally, JPMorgan Chase & Co. increased its holdings in Church & Dwight by 11.6% in the third quarter. JPMorgan Chase & Co. now owns 617,252 shares of the company’s stock worth $36,647,000 after purchasing an additional 64,158 shares in the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.

CHD has been the subject of a number of research analyst reports. ValuEngine upgraded Church & Dwight from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Atlantic Securities initiated coverage on Church & Dwight in a research note on Thursday, September 20th. They issued an “overweight” rating and a $70.00 price objective for the company. Oppenheimer raised their price objective on Church & Dwight from $60.00 to $66.00 and gave the company an “outperform” rating in a research note on Thursday, September 27th. Zacks Investment Research cut Church & Dwight from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Finally, Bank of America raised their price objective on Church & Dwight from $55.00 to $58.00 and gave the company an “underperform” rating in a research note on Thursday, October 4th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $60.59.

Shares of Church & Dwight stock opened at $66.72 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 0.77. Church & Dwight Co., Inc. has a 52 week low of $44.87 and a 52 week high of $67.93. The company has a market capitalization of $16.40 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 2.89 and a beta of 0.34.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. Church & Dwight had a return on equity of 25.00% and a net margin of 20.25%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the firm posted $0.49 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, research analysts predict that Church & Dwight Co., Inc. will post 2.28 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Thursday, November 15th were given a dividend of $0.2175 per share. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $0.87 annualized dividend and a dividend yield of 1.30%. Church & Dwight’s payout ratio is 44.85%.

In related news, Director James Craigie sold 300,000 shares of Church & Dwight stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $66.43, for a total transaction of $19,929,000.00. Following the transaction, the director now owns 327,577 shares of the company’s stock, valued at $21,760,940.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Steven P. Cugine sold 15,000 shares of Church & Dwight stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $64.39, for a total value of $965,850.00. Following the transaction, the executive vice president now directly owns 43,948 shares in the company, valued at approximately $2,829,811.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 346,780 shares of company stock worth $22,971,597. 2.00% of the stock is owned by insiders.

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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.

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

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