Renaissance Investment Group Lowers stake in Church & Dwight Co. (CHD)

Church & Dwight Co. (CHD) : Renaissance Investment Group reduced its stake in Church & Dwight Co. by 0.51% during the most recent quarter end. The investment management company now holds a total of 49,412 shares of Church & Dwight Co. which is valued at $4.6 Million after selling 255 shares in Church & Dwight Co. according to a report filed by the company on Apr 1, 2016 with the SEC.Church & Dwight Co. makes up approximately 2.32% of Renaissance Investment Group’s portfolio.

On the company’s financial health, Church & Dwight Co. reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $0.81. The company had revenue of $873.60 million for the quarter, compared to analysts expectations of $863.50 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS.

Many Wall Street Analysts have commented on Church & Dwight Co.. Company shares were Reiterated by Deutsche Bank on Feb 3, 2016 to “Buy”, Firm has raised the Price Target to $ 94 from a previous price target of $89 .Church & Dwight Co. was Downgraded by Goldman to ” Sell” on Jan 13, 2016.

Church & Dwight Co. closed down -0.66 points or -0.70% at $93.45 with 5,68,848 shares getting traded on Monday. Post opening the session at $94.5, the shares hit an intraday low of $93.2875 and an intraday high of $94.5 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Church & Dwight Co. Inc. develops manufactures and markets a range of household personal care and specialty products. The Company operates in three segments. The Consumer Domestic segment provides the power brands (ARM & HAMMER TROJAN OXICLEAN SPINBRUSH FIRST RESPONSE NAIR ORAJEL XTRA L’IL CRITTERS and VITAFUSION) and other household and personal care products such as SCRUB FREE KABOOM and ORANGE GLO cleaning products ANSWER home pregnancy and ovulation test kits ARRID antiperspirant and CLOSE-UP and AIM toothpastes. The Consumer International segment sells personal care products some of which use the same brands as the Company’s domestic product lines in International markets. The Specialty Products Division (SPD) is a producer of sodium bicarbonate which it sells together with other specialty inorganic chemicals for industrial institutional medical and food applications. SPD also sells a range of animal nutrition and specialty cleaning products.

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