Parkside Financial Bank & Trust grew its position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 46.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,495 shares of the company’s stock after acquiring an additional 787 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Church & Dwight were worth $240,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new stake in Church & Dwight during the 2nd quarter valued at $45,000. Motco acquired a new position in shares of Church & Dwight during the first quarter valued at about $46,000. Zions Bancorporation National Association UT bought a new stake in shares of Church & Dwight during the first quarter worth about $53,000. State of Wyoming acquired a new stake in shares of Church & Dwight in the 1st quarter worth about $69,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Church & Dwight by 19.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the company’s stock valued at $76,000 after acquiring an additional 112 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.
Church & Dwight Price Performance
Shares of NYSE:CHD opened at $87.00 on Monday. Church & Dwight Co., Inc. has a fifty-two week low of $81.33 and a fifty-two week high of $116.46. The company’s 50-day moving average is $88.76 and its 200 day moving average is $93.34. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.84. The company has a market capitalization of $20.89 billion, a P/E ratio of 41.04, a price-to-earnings-growth ratio of 3.52 and a beta of 0.42.
Church & Dwight Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a $0.295 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.18 annualized dividend and a yield of 1.4%. Church & Dwight’s dividend payout ratio is presently 37.11%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on CHD. Weiss Ratings reissued a “hold (c-)” rating on shares of Church & Dwight in a report on Thursday, October 30th. JPMorgan Chase & Co. decreased their price target on Church & Dwight from $97.00 to $92.00 and set an “underweight” rating for the company in a report on Monday, August 4th. Barclays set a $82.00 price target on Church & Dwight and gave the company an “underweight” rating in a research report on Tuesday, November 4th. Oppenheimer set a $100.00 price objective on shares of Church & Dwight and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Finally, Evercore ISI lowered their target price on shares of Church & Dwight from $102.00 to $101.00 and set an “in-line” rating for the company in a report on Monday, August 4th. Six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $99.00.
Check Out Our Latest Research Report on CHD
Insiders Place Their Bets
In other news, CEO Richard A. Dierker bought 5,470 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was acquired at an average cost of $91.57 per share, with a total value of $500,887.90. Following the completion of the transaction, the chief executive officer directly owned 27,212 shares of the company’s stock, valued at $2,491,802.84. This represents a 25.16% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.00% of the company’s stock.
Church & Dwight Company Profile
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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