Zurcher Kantonalbank Zurich Cantonalbank Has $11.35 Million Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 54.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 108,380 shares of the company's stock after selling 130,919 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Church & Dwight were worth $11,350,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Church & Dwight in the 3rd quarter worth approximately $12,566,000. Freedom Investment Management Inc. grew its stake in shares of Church & Dwight by 15.3% during the 3rd quarter. Freedom Investment Management Inc. now owns 3,345 shares of the company's stock valued at $350,000 after purchasing an additional 443 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Church & Dwight in the 3rd quarter worth $188,000. Prospector Partners LLC raised its stake in shares of Church & Dwight by 0.5% in the third quarter. Prospector Partners LLC now owns 152,683 shares of the company's stock worth $15,989,000 after buying an additional 714 shares during the period. Finally, Bank of Montreal Can boosted its position in shares of Church & Dwight by 6.9% in the third quarter. Bank of Montreal Can now owns 276,832 shares of the company's stock worth $28,898,000 after purchasing an additional 17,905 shares during the period. Institutional investors own 86.60% of the company's stock.

Church & Dwight Stock Down 0.2 %

Shares of CHD traded down $0.23 during mid-day trading on Friday, reaching $110.13. 965,206 shares of the stock traded hands, compared to its average volume of 1,696,588. Church & Dwight Co., Inc. has a 12-month low of $90.26 and a 12-month high of $113.50. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The firm has a market cap of $26.98 billion, a price-to-earnings ratio of 49.39, a P/E/G ratio of 4.03 and a beta of 0.55. The stock has a fifty day simple moving average of $104.87 and a 200 day simple moving average of $104.33.

Church & Dwight (NYSE:CHD - Get Free Report) last released its earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.11. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. Church & Dwight's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 EPS. Sell-side analysts expect that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Friday, November 15th. Church & Dwight's dividend payout ratio is presently 50.67%.

Insider Buying and Selling at Church & Dwight

In other news, Director Arthur B. Winkleblack sold 11,590 shares of the business's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $103.84, for a total value of $1,203,505.60. Following the completion of the sale, the director now directly owns 7,129 shares in the company, valued at approximately $740,275.36. The trade was a 61.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maynadier Patrick D. De sold 45,120 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $112.19, for a total transaction of $5,062,012.80. Following the completion of the sale, the executive vice president now owns 10,325 shares in the company, valued at approximately $1,158,361.75. The trade was a 81.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 543,513 shares of company stock valued at $56,795,253. 2.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CHD shares. Morgan Stanley cut Church & Dwight from an "overweight" rating to an "equal weight" rating and set a $110.00 price objective on the stock. in a report on Monday, September 9th. TD Cowen increased their target price on Church & Dwight from $114.00 to $117.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. JPMorgan Chase & Co. boosted their price target on Church & Dwight from $98.00 to $99.00 and gave the company an "underweight" rating in a report on Monday, November 4th. Barclays cut their target price on shares of Church & Dwight from $86.00 to $85.00 and set an "underweight" rating on the stock in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Church & Dwight from $114.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $108.53.

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.