The Sumitomo Mitsui Trust Holdings Inc. Sold shares of Church & Dwight Co. (CHD)

The Sumitomo Mitsui Trust Holdings Inc. Sold shares of Church & Dwight Co. (CHD)

Sumitomo Mitsui Trust Holdings Inc. cut its stake in Church & Dwight Co. (NYSE:CHD) by 7.5% during the second quarter, Holdings Channel reports. The firm owned 433,911 shares of the company’s stock after selling 35,123 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Church & Dwight Co. were worth $44,645,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CHD. Teachers Advisors Inc. increased its position in Church & Dwight Co. by 4.2% in the first quarter. Teachers Advisors Inc. now owns 122,739 shares of the company’s stock valued at $11,314,000 after buying an additional 4,945 shares in the last quarter. ING Groep NV bought a new position in Church & Dwight Co. during the first quarter valued at approximately $276,000. Aviva PLC increased its position in Church & Dwight Co. by 3.4% in the first quarter. Aviva PLC now owns 67,218 shares of the company’s stock valued at $6,196,000 after buying an additional 2,239 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in Church & Dwight Co. by 35.6% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,453 shares of the company’s stock valued at $595,000 after buying an additional 1,695 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its position in Church & Dwight Co. by 3,875.0% in the first quarter. 1832 Asset Management L.P. now owns 39,750 shares of the company’s stock valued at $6,092,000 after buying an additional 38,750 shares in the last quarter. Hedge funds and other institutional investors own 40.31% of the company’s stock.

Church & Dwight Co. (NYSE:CHD) traded up 0.75% during mid-day trading on Monday, reaching $48.28. 1,760,055 shares of the company were exchanged. The stock has a 50-day moving average of $47.96 and a 200 day moving average of $48.62. The firm has a market capitalization of $12.44 billion, a P/E ratio of 28.14 and a beta of 0.37. Church & Dwight Co. has a 1-year low of $38.42 and a 1-year high of $53.68.

Church & Dwight Co. (NYSE:CHD) last posted its earnings results on Thursday, August 4th. The company reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.05. Church & Dwight Co. had a net margin of 13.12% and a return on equity of 22.69%. The company had revenue of $877.40 million for the quarter, compared to analysts’ expectations of $869.23 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. Church & Dwight Co.’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities research analysts forecast that Church & Dwight Co. will post $1.77 earnings per share for the current year.

CHD has been the topic of several recent analyst reports. Stifel Nicolaus initiated coverage on shares of Church & Dwight Co. in a research note on Monday, July 11th. They issued a “hold” rating on the stock. Jefferies Group reissued a “buy” rating and set a $56.00 target price on shares of Church & Dwight Co. in a research report on Thursday, July 14th. Goldman Sachs Group Inc. reissued a “sell” rating and set a $42.00 target price (up previously from $40.50) on shares of Church & Dwight Co. in a research report on Friday, July 15th. Zacks Investment Research downgraded shares of Church & Dwight Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Finally, Citigroup Inc. raised their target price on shares of Church & Dwight Co. from $51.50 to $55.00 and gave the company a “neutral” rating in a research report on Friday, August 5th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $50.77.

In other Church & Dwight Co. news, Director James Craigie sold 9,350 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $100.00, for a total transaction of $935,000.00. Following the sale, the director now directly owns 19,796 shares in the company, valued at $1,979,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul A. Siracusa sold 3,293 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $50.03, for a total transaction of $164,748.79. Following the sale, the vice president now owns 4,448 shares in the company, valued at $222,533.44. The disclosure for this sale can be found here. Company insiders own 2.17% of the company’s stock.

About Church & Dwight Co.

Church & Dwight Co, Inc develops, manufactures and markets a range of household, personal care and specialty products. The Company operates in three segments: Consumer Domestic, which includes consumer products, as well as other household and personal care products; Consumer International, which markets a range of personal care products, household and over-the-counter products in international markets, and Specialty Products Division (SPD), a producer of sodium bicarbonate.

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