Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Rathbones Group PLC

Rathbones Group PLC lowered its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 51.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,400 shares of the company’s stock after selling 10,980 shares during the period. Rathbones Group PLC’s holdings in Church & Dwight were worth $1,078,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Game Plan Financial Advisors LLC acquired a new stake in Church & Dwight in the 1st quarter valued at $26,000. Crewe Advisors LLC acquired a new stake in shares of Church & Dwight in the first quarter valued at about $28,000. Roble Belko & Company Inc acquired a new stake in shares of Church & Dwight in the first quarter valued at about $31,000. Rothschild Investment LLC purchased a new stake in shares of Church & Dwight during the 2nd quarter valued at about $31,000. Finally, Creekmur Asset Management LLC acquired a new position in Church & Dwight during the 4th quarter worth approximately $32,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CHD. Argus lifted their price objective on shares of Church & Dwight from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Truist Financial dropped their price target on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. JPMorgan Chase & Co. decreased their price objective on shares of Church & Dwight from $101.00 to $97.00 and set an “underweight” rating for the company in a research report on Monday, August 5th. Barclays lifted their target price on Church & Dwight from $80.00 to $82.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 6th. Finally, Evercore ISI reduced their price target on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Church & Dwight currently has a consensus rating of “Hold” and an average price target of $106.58.

Church & Dwight Stock Up 1.1 %

CHD stock opened at $105.22 on Tuesday. The firm has a fifty day moving average price of $102.12 and a two-hundred day moving average price of $104.20. 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 1-year low of $82.25 and a 1-year high of $110.31. The firm has a market cap of $25.73 billion, a price-to-earnings ratio of 33.40, a PEG ratio of 3.50 and a beta of 0.54.

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

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a dividend of $0.2838 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.08%. Church & Dwight’s dividend payout ratio is currently 35.87%.

Insider Buying and Selling

In other news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the completion of the transaction, the executive vice president now owns 4,319 shares of the company’s stock, valued at $429,179.03. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is owned by company insiders.

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.