OLD National Bancorp IN Sells 183 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

OLD National Bancorp IN lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,972 shares of the company’s stock after selling 183 shares during the period. OLD National Bancorp IN’s holdings in Church & Dwight were worth $1,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Simplicity Solutions LLC raised its position in shares of Church & Dwight by 69.5% during the fourth quarter. Simplicity Solutions LLC now owns 26,257 shares of the company’s stock valued at $2,483,000 after buying an additional 10,762 shares during the last quarter. Crown Oak Advisors LLC bought a new stake in shares of Church & Dwight during the fourth quarter valued at approximately $10,142,000. Assenagon Asset Management S.A. raised its position in shares of Church & Dwight by 290.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 56,221 shares of the company’s stock valued at $5,316,000 after buying an additional 41,804 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Church & Dwight by 1,474.7% during the third quarter. Schroder Investment Management Group now owns 233,318 shares of the company’s stock valued at $21,379,000 after buying an additional 218,501 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Church & Dwight by 21.4% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 109,150 shares of the company’s stock valued at $10,213,000 after buying an additional 19,246 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CHD shares. UBS Group boosted their price target on shares of Church & Dwight from $99.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Bank of America boosted their price target on shares of Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Barclays boosted their price target on shares of Church & Dwight from $80.00 to $83.00 and gave the stock an “underweight” rating in a research report on Friday, April 12th. The Goldman Sachs Group started coverage on shares of Church & Dwight in a research report on Friday, March 1st. They issued a “buy” rating and a $110.00 price target on the stock. Finally, Argus raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Friday, February 23rd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $104.07.

Church & Dwight Trading Up 0.7 %

NYSE CHD opened at $106.68 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.64 and a debt-to-equity ratio of 0.57. Church & Dwight Co., Inc. has a 12 month low of $82.25 and a 12 month high of $107.42. The company’s 50-day moving average price is $102.34 and its 200-day moving average price is $96.83. The stock has a market cap of $26.02 billion, a PE ratio of 35.09, a PEG ratio of 3.52 and a beta of 0.53.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, February 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.65. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the business earned $0.62 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Equities research analysts forecast that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current year.

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were issued a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a yield of 1.06%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, February 14th. Church & Dwight’s dividend payout ratio is presently 37.17%.

Insiders Place Their Bets

In other Church & Dwight news, Director Penry W. Price sold 7,752 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $98.29, for a total transaction of $761,944.08. Following the completion of the sale, the director now directly owns 25,692 shares of the company’s stock, valued at $2,525,266.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Church & Dwight news, Director Penry W. Price sold 7,752 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $98.29, for a total transaction of $761,944.08. Following the completion of the sale, the director now directly owns 25,692 shares of the company’s stock, valued at $2,525,266.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Rene Hemsey sold 9,280 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total transaction of $930,041.60. Following the sale, the executive vice president now directly owns 6,373 shares of the company’s stock, valued at $638,702.06. The disclosure for this sale can be found here. Insiders have sold a total of 373,052 shares of company stock worth $38,603,796 in the last three months. Corporate insiders own 1.40% of the company’s stock.

About Church & Dwight

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.