Asset Management One Co. Ltd. raised its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 8.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 181,239 shares of the company’s stock after acquiring an additional 13,923 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.07% of Church & Dwight worth $17,419,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in CHD. Wayfinding Financial LLC bought a new position in shares of Church & Dwight during the 1st quarter worth approximately $40,000. Opal Wealth Advisors LLC bought a new position in shares of Church & Dwight during the 2nd quarter worth approximately $45,000. Chilton Capital Management LLC grew its stake in shares of Church & Dwight by 90.9% during the 1st quarter. Chilton Capital Management LLC now owns 420 shares of the company’s stock worth $46,000 after acquiring an additional 200 shares in the last quarter. Motco bought a new position in shares of Church & Dwight during the 1st quarter worth approximately $46,000. Finally, North Capital Inc. bought a new position in shares of Church & Dwight during the 1st quarter worth approximately $47,000. 86.60% of the stock is owned by institutional investors.
Church & Dwight Trading Down 1.0%
Shares of Church & Dwight stock opened at $85.87 on Friday. The business has a fifty day simple moving average of $90.40 and a two-hundred day simple moving average of $94.76. Church & Dwight Co., Inc. has a 1 year low of $85.08 and a 1 year high of $116.46. The company has a market capitalization of $20.92 billion, a price-to-earnings ratio of 40.51, a P/E/G ratio of 3.70 and a beta of 0.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.84 and a quick ratio of 1.33.
Church & Dwight Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a dividend of $0.295 per share. The ex-dividend date was Friday, August 15th. This represents a $1.18 annualized dividend and a yield of 1.4%. Church & Dwight’s dividend payout ratio (DPR) is presently 55.66%.
Insiders Place Their Bets
In other news, EVP Lee B. Mcchesney acquired 5,409 shares of the stock in a transaction on Friday, August 8th. The shares were purchased at an average price of $91.38 per share, for a total transaction of $494,274.42. Following the transaction, the executive vice president directly owned 5,409 shares of the company’s stock, valued at approximately $494,274.42. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Read acquired 2,000 shares of the stock in a transaction on Tuesday, August 5th. The shares were purchased at an average price of $91.27 per share, for a total transaction of $182,540.00. Following the transaction, the executive vice president directly owned 7,505 shares in the company, valued at approximately $684,981.35. This trade represents a 36.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 12,879 shares of company stock worth $1,177,702 in the last 90 days. Company insiders own 2.00% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on CHD shares. Evercore ISI decreased 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. Wells Fargo & Company cut their price objective on Church & Dwight from $108.00 to $100.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Rothschild & Co Redburn downgraded Church & Dwight from a “neutral” rating to a “sell” rating and set a $83.00 price objective for the company. in a report on Monday, July 14th. Bank of America cut their price objective on Church & Dwight from $120.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Finally, Redburn Atlantic downgraded Church & Dwight from a “hold” rating to a “strong sell” rating in a report on Monday, July 14th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $100.00.
View Our Latest Stock Analysis on Church & Dwight
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.
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