Raymond James & Associates Sells 356 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Raymond James & Associates trimmed its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312,971 shares of the company’s stock after selling 356 shares during the period. Raymond James & Associates’ holdings in Church & Dwight were worth $32,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nomura Holdings Inc. raised its position in Church & Dwight by 442.1% during the fourth quarter. Nomura Holdings Inc. now owns 14,148 shares of the company’s stock valued at $1,338,000 after purchasing an additional 11,538 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in Church & Dwight by 13.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 342,699 shares of the company’s stock worth $35,755,000 after buying an additional 39,695 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Church & Dwight by 12.8% during the first quarter. Russell Investments Group Ltd. now owns 208,997 shares of the company’s stock worth $21,798,000 after buying an additional 23,754 shares during the period. Cim LLC bought a new position in Church & Dwight during the fourth quarter valued at $3,188,000. Finally, abrdn plc increased its position in Church & Dwight by 35.0% during the fourth quarter. abrdn plc now owns 281,416 shares of the company’s stock valued at $26,611,000 after acquiring an additional 73,022 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Trading Up 1.5 %

NYSE:CHD opened at $101.63 on Wednesday. The stock has a market capitalization of $24.88 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 3.37 and a beta of 0.52. Church & Dwight Co., Inc. has a 52 week low of $82.25 and a 52 week high of $110.31. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average of $103.31 and a 200 day moving average of $103.62.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.84 by $0.09. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the business posted $0.92 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.2838 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.12%. Church & Dwight’s payout ratio is 35.87%.

Insider Activity

In related news, EVP Maynadier Patrick D. De sold 54,654 shares of Church & Dwight stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $107.00, for a total value of $5,847,978.00. Following the completion of the sale, the executive vice president now directly owns 10,325 shares in the company, valued at approximately $1,104,775. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Barry A. Bruno sold 59,328 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the transaction, the executive vice president now directly owns 4,319 shares in the company, valued at $429,179.03. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Maynadier Patrick D. De sold 54,654 shares of Church & Dwight stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $107.00, for a total value of $5,847,978.00. Following the sale, the executive vice president now directly owns 10,325 shares of the company’s stock, valued at approximately $1,104,775. The disclosure for this sale can be found here. Insiders have sold a total of 220,722 shares of company stock worth $23,139,816 over the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CHD shares. Stifel Nicolaus dropped their price target on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, August 5th. BNP Paribas began coverage on Church & Dwight in a research report on Monday, June 24th. They set a “neutral” rating and a $114.00 target price for the company. Morgan Stanley reduced their price target on Church & Dwight from $114.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. HSBC boosted their price objective on Church & Dwight from $110.00 to $114.00 and gave the company a “hold” rating in a report on Friday, May 3rd. Finally, Oppenheimer lifted their target price on Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $106.58.

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.