Squarepoint Ops LLC Raises Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Squarepoint Ops LLC grew its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 2,604.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 180,707 shares of the company’s stock after acquiring an additional 174,025 shares during the period. Squarepoint Ops LLC’s holdings in Church & Dwight were worth $18,736,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in CHD. Nomura Holdings Inc. grew its holdings in Church & Dwight by 442.1% during the 4th quarter. Nomura Holdings Inc. now owns 14,148 shares of the company’s stock worth $1,338,000 after acquiring an additional 11,538 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Church & Dwight by 13.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 342,699 shares of the company’s stock worth $35,755,000 after purchasing an additional 39,695 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Church & Dwight by 12.8% during the 1st quarter. Russell Investments Group Ltd. now owns 208,997 shares of the company’s stock worth $21,798,000 after purchasing an additional 23,754 shares during the period. Cim LLC acquired a new stake in Church & Dwight in the 4th quarter valued at about $3,188,000. Finally, Ossiam grew its stake in Church & Dwight by 24.3% in the 4th quarter. Ossiam now owns 42,818 shares of the company’s stock valued at $4,049,000 after acquiring an additional 8,384 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CHD. BNP Paribas began coverage on shares of Church & Dwight in a research note on Monday, June 24th. They set a “neutral” rating and a $114.00 price target on the stock. TD Cowen started coverage on shares of Church & Dwight in a report on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 price target on the stock. Truist Financial dropped their price objective 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. 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. Finally, Stifel Nicolaus dropped their price objective on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, August 5th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $107.25.

Church & Dwight Stock Down 0.0 %

Shares of Church & Dwight stock opened at $102.91 on Friday. The business’s 50 day simple moving average is $102.05 and its 200 day simple moving average is $104.22. Church & Dwight Co., Inc. has a 52-week low of $82.25 and a 52-week high of $110.31. The firm has a market cap of $25.19 billion, a PE ratio of 32.67, a P/E/G ratio of 3.81 and a beta of 0.54. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.53.

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

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were given a dividend of $0.2838 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.10%. Church & Dwight’s payout ratio is 35.87%.

Insider Activity

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

Church & Dwight 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.