Pittenger & Anderson Inc. Sells 32,027 Shares of Church & Dwight Co., Inc. $CHD

Pittenger & Anderson Inc. cut its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 34.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,704 shares of the company’s stock after selling 32,027 shares during the period. Pittenger & Anderson Inc.’s holdings in Church & Dwight were worth $5,407,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Church & Dwight during the 2nd quarter worth approximately $303,907,000. Thrivent Financial for Lutherans grew its stake in Church & Dwight by 3,269.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 896,306 shares of the company’s stock valued at $86,134,000 after purchasing an additional 869,705 shares during the period. Invesco Ltd. increased its position in shares of Church & Dwight by 25.1% during the 2nd quarter. Invesco Ltd. now owns 3,510,113 shares of the company’s stock valued at $337,357,000 after purchasing an additional 703,171 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Church & Dwight by 526.6% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 648,870 shares of the company’s stock worth $62,363,000 after buying an additional 545,318 shares during the last quarter. Finally, Scopus Asset Management L.P. bought a new position in Church & Dwight during the second quarter valued at about $52,050,000. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Trading Up 0.5%

Shares of CHD stock opened at $91.94 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.09 and a debt-to-equity ratio of 0.52. The firm has a market cap of $22.08 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 4.28 and a beta of 0.46. The business has a 50-day moving average price of $86.23 and a two-hundred day moving average price of $88.94. Church & Dwight Co., Inc. has a 12-month low of $81.33 and a 12-month high of $116.46.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, January 30th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Church & Dwight had a net margin of 12.74% and a return on equity of 19.32%. Equities analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CHD shares. Barclays set a $82.00 price objective on Church & Dwight and gave the company an “underweight” rating in a report on Tuesday, November 4th. Raymond James Financial raised shares of Church & Dwight from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a research report on Monday, January 5th. TD Cowen lowered their target price on shares of Church & Dwight from $100.00 to $97.00 and set a “hold” rating on the stock in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $100.00 price target (down from $102.00) on shares of Church & Dwight in a report on Wednesday, December 10th. Finally, Argus decreased their target price on shares of Church & Dwight from $110.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, December 4th. Ten equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Church & Dwight has an average rating of “Hold” and a consensus price target of $98.85.

Church & Dwight Company Profile

Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.

The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.