Church & Dwight Co., Inc. (NYSE:CHD) Stake Lowered by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC reduced its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,413 shares of the company’s stock after selling 295 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Church & Dwight were worth $1,909,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CHD. LGT Fund Management Co Ltd. bought a new position in Church & Dwight during the second quarter valued at about $207,000. Choreo LLC bought a new position in Church & Dwight during the second quarter valued at about $436,000. Prudential PLC raised its holdings in Church & Dwight by 15.2% during the second quarter. Prudential PLC now owns 161,048 shares of the company’s stock valued at $16,697,000 after buying an additional 21,208 shares in the last quarter. PFG Investments LLC raised its holdings in Church & Dwight by 18.8% during the second quarter. PFG Investments LLC now owns 5,765 shares of the company’s stock valued at $598,000 after buying an additional 914 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in Church & Dwight during the second quarter valued at about $125,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Church & Dwight Stock Up 0.3 %

Shares of CHD opened at $105.94 on Wednesday. The company has a market capitalization of $25.94 billion, a P/E ratio of 33.63, a PEG ratio of 3.55 and a beta of 0.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98. Church & Dwight Co., Inc. has a one year low of $82.25 and a one year high of $110.31. The business’s 50 day simple moving average is $102.26 and its 200-day simple moving average is $104.09.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, August 2nd. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.84 by $0.09. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. Church & Dwight’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 EPS. As a group, sell-side analysts predict that Church & Dwight Co., Inc. will post 3.43 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Thursday, August 15th. Church & Dwight’s payout ratio is currently 35.87%.

Insider Transactions at Church & Dwight

In related news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were 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 owns 4,319 shares in the company, valued at approximately $429,179.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were 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 owns 4,319 shares in the company, valued at approximately $429,179.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,654 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $107.00, for a total transaction of $5,847,978.00. Following the completion of the transaction, the executive vice president now 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 200,722 shares of company stock valued at $20,986,416 in the last three months. 2.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CHD shares. Stifel Nicolaus decreased their target price on Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, August 5th. TD Cowen started coverage on Church & Dwight in a research report on Tuesday, July 23rd. They set a “buy” rating and a $116.00 target price on the stock. Wells Fargo & Company decreased their target price on Church & Dwight from $116.00 to $108.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Truist Financial decreased their target price on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Finally, BNP Paribas started coverage on Church & Dwight in a research report on Monday, June 24th. They set a “neutral” rating and a $114.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Church & Dwight has an average rating of “Hold” and an average price target of $106.58.

Church & Dwight Company Profile

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.