OLD National Bancorp IN Cuts Stock Holdings in Church & Dwight Co., Inc. $CHD

OLD National Bancorp IN reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,035 shares of the company’s stock after selling 200 shares during the quarter. OLD National Bancorp IN’s holdings in Church & Dwight were worth $964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Nuveen LLC purchased a new position in Church & Dwight in the first quarter worth $106,736,000. Vanguard Group Inc. boosted its holdings in shares of Church & Dwight by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company’s stock worth $3,461,410,000 after purchasing an additional 750,575 shares in the last quarter. American Century Companies Inc. increased its position in shares of Church & Dwight by 48.3% during the 1st quarter. American Century Companies Inc. now owns 2,115,040 shares of the company’s stock valued at $232,845,000 after purchasing an additional 688,863 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Church & Dwight during the 1st quarter valued at about $41,743,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Church & Dwight in the 1st quarter worth approximately $35,521,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Trading Up 1.2%

CHD opened at $88.95 on Tuesday. Church & Dwight Co., Inc. has a one year low of $85.08 and a one year high of $116.46. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.84 and a quick ratio of 1.33. The business has a 50 day simple moving average of $91.90 and a two-hundred day simple moving average of $96.54. The firm has a market capitalization of $21.67 billion, a price-to-earnings ratio of 41.96, a PEG ratio of 3.63 and a beta of 0.43.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, August 1st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.09. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%.The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the firm earned $0.93 earnings per share. The business’s revenue was down .3% compared to the same quarter last year. Church & Dwight has set its FY 2025 guidance at 3.440-3.510 EPS. Q3 2025 guidance at 0.720-0.720 EPS. Analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.3%. Church & Dwight’s payout ratio is presently 55.66%.

Wall Street Analyst Weigh In

A number of brokerages have commented on CHD. Wells Fargo & Company reduced their price target on shares of Church & Dwight from $108.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Church & Dwight in a research report on Saturday, September 27th. Evercore ISI lowered their price target on shares of Church & Dwight from $102.00 to $101.00 and set an “in-line” rating for the company in a research note on Monday, August 4th. Wall Street Zen raised Church & Dwight from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. Finally, Barclays lowered their target price on Church & Dwight from $84.00 to $83.00 and set an “underweight” rating for the company in a research note on Monday, August 4th. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $103.44.

Insider Activity at Church & Dwight

In related news, CEO Richard A. Dierker purchased 5,470 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was bought at an average cost of $91.57 per share, with a total value of $500,887.90. Following the completion of the purchase, the chief executive officer directly owned 27,212 shares in the company, valued at approximately $2,491,802.84. This represents a 25.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lee B. Mcchesney acquired 5,409 shares of the business’s stock in a transaction on Friday, August 8th. The shares were purchased at an average cost of $91.38 per share, for a total transaction of $494,274.42. Following the completion of the transaction, the executive vice president owned 5,409 shares in the company, valued at approximately $494,274.42. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 12,879 shares of company stock worth $1,177,702 over the last 90 days. 1.20% of the stock is owned by company insiders.

About Church & Dwight

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.