Church & Dwight Co., Inc. (NYSE:CHD) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers grew its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 451,260 shares of the company's stock after acquiring an additional 28,072 shares during the quarter. Rhumbline Advisers owned about 0.18% of Church & Dwight worth $49,679,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. DAVENPORT & Co LLC increased its holdings in Church & Dwight by 2.3% in the 4th quarter. DAVENPORT & Co LLC now owns 31,011 shares of the company's stock worth $3,247,000 after buying an additional 685 shares during the period. Boston Trust Walden Corp increased its holdings in Church & Dwight by 0.4% in the 4th quarter. Boston Trust Walden Corp now owns 198,338 shares of the company's stock worth $20,768,000 after buying an additional 837 shares during the period. Longboard Asset Management LP acquired a new position in Church & Dwight in the 4th quarter worth approximately $201,000. E. Ohman J or Asset Management AB increased its holdings in Church & Dwight by 13.3% in the 4th quarter. E. Ohman J or Asset Management AB now owns 11,100 shares of the company's stock worth $1,162,000 after buying an additional 1,300 shares during the period. Finally, Weaver Capital Management LLC boosted its position in Church & Dwight by 3.3% in the 4th quarter. Weaver Capital Management LLC now owns 3,627 shares of the company's stock worth $380,000 after purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Rene Hemsey sold 11,060 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total value of $1,216,378.80. Following the completion of the sale, the executive vice president now directly owns 6,437 shares of the company's stock, valued at $707,941.26. This trade represents a 63.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Read bought 3,000 shares of the business's stock in a transaction on Friday, May 9th. The stock was bought at an average cost of $92.07 per share, with a total value of $276,210.00. Following the completion of the purchase, the executive vice president now directly owns 5,505 shares in the company, valued at approximately $506,845.35. The trade was a 119.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 109,765 shares of company stock valued at $11,821,881. 2.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CHD shares. Evercore ISI lowered their price objective on Church & Dwight from $106.00 to $102.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Barclays lowered their price objective on Church & Dwight from $94.00 to $84.00 and set an "underweight" rating on the stock in a research report on Friday, May 2nd. Wells Fargo & Company upped their price objective on Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Oppenheimer lowered their price objective on Church & Dwight from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Finally, Morgan Stanley lowered their price objective on Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $110.00.

Church & Dwight Price Performance

Shares of NYSE:CHD traded down $0.78 during midday trading on Thursday, reaching $98.85. 1,687,402 shares of the company's stock traded hands, compared to its average volume of 1,702,077. Church & Dwight Co., Inc. has a 1 year low of $90.99 and a 1 year high of $116.46. The company has a market cap of $24.35 billion, a P/E ratio of 41.71, a PEG ratio of 3.32 and a beta of 0.55. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. The company has a fifty day simple moving average of $99.56 and a two-hundred day simple moving average of $104.58.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.89 by $0.02. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the company earned $0.96 EPS. The firm's revenue was down 2.4% compared to the same quarter last year. Equities analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Thursday, May 15th. Church & Dwight's dividend payout ratio is currently 50.64%.

About Church & Dwight

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.