Taurus Asset Management Lowers stake in Church & Dwight Co. (CHD)

Church & Dwight Co. (CHD) : Taurus Asset Management reduced its stake in Church & Dwight Co. by 0.6% during the most recent quarter end. The investment management company now holds a total of 160,841 shares of Church & Dwight Co. which is valued at $16,161,304 after selling 965 shares in Church & Dwight Co. , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Church & Dwight Co. makes up approximately 2.72% of Taurus Asset Management’s portfolio.

Other Hedge Funds, Including , Pinnacle Associates Ltd added CHD to its portfolio by purchasing 42,365 company shares during the most recent quarter which is valued at $4,256,835. Church & Dwight Co. makes up approx 0.09% of Pinnacle Associates Ltd’s portfolio. Transamerica Financial Advisors added CHD to its portfolio by purchasing 28,263 company shares during the most recent quarter which is valued at $2,839,866. Church & Dwight Co. makes up approx 0.28% of Transamerica Financial Advisors’s portfolio.Hamilton Point Investment Advisors boosted its stake in CHD in the latest quarter, The investment management firm added 203 additional shares and now holds a total of 44,670 shares of Church & Dwight Co. which is valued at $4,488,442. Church & Dwight Co. makes up approx 2.85% of Hamilton Point Investment Advisors’s portfolio.State Treasurer State Of Michigan reduced its stake in CHD by selling 100 shares or 0.22% in the most recent quarter. The Hedge Fund company now holds 44,600 shares of CHD which is valued at $4,353,852. Church & Dwight Co. makes up approx 0.03% of State Treasurer State Of Michigan’s portfolio.Carnegie Capital Asset Management reduced its stake in CHD by selling 1,277 shares or 1.66% in the most recent quarter. The Hedge Fund company now holds 75,510 shares of CHD which is valued at $7,371,286. Church & Dwight Co. makes up approx 1.04% of Carnegie Capital Asset Management’s portfolio.

Church & Dwight Co. opened for trading at $99.64 and hit $99.99 on the upside on Thursday, eventually ending the session at $99.75, with a gain of 0.33% or 0.33 points. The heightened volatility saw the trading volume jump to 6,69,879 shares. Company has a market cap of $12,848 M.

On the company’s financial health, Church & Dwight Co. reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.79. The company had revenue of $877.40 million for the quarter, compared to analysts expectations of $869.53 million. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

Many Wall Street Analysts have commented on Church & Dwight Co.. Company shares were Reiterated by UBS on Aug 5, 2016 to “Sell”, Firm has raised the Price Target to $ 93 from a previous price target of $88 .Company shares were Reiterated by Deutsche Bank on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 104 from a previous price target of $102 .Company shares were Reiterated by Jefferies on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 116 from a previous price target of $112 .

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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