OMERS ADMINISTRATION Corp purchased a new stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,675 shares of the company’s stock, valued at approximately $2,197,000.
Several other large investors have also bought and sold shares of the stock. Godfrey Financial Associates Inc. purchased a new position in Church & Dwight during the 4th quarter worth $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Church & Dwight in the second quarter valued at about $25,000. Elyxium Wealth LLC bought a new position in shares of Church & Dwight during the fourth quarter valued at about $26,000. DV Equities LLC bought a new position in shares of Church & Dwight during the fourth quarter valued at about $28,000. Finally, GW&K Investment Management LLC boosted its holdings in Church & Dwight by 83.0% during the fourth quarter. GW&K Investment Management LLC now owns 344 shares of the company’s stock worth $29,000 after purchasing an additional 156 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors.
Church & Dwight Price Performance
Church & Dwight stock opened at $102.85 on Thursday. The business’s 50 day simple moving average is $98.83 and its 200 day simple moving average is $97.68. Church & Dwight Co., Inc. has a 12 month low of $81.33 and a 12 month high of $106.04. The company has a market cap of $24.40 billion, a price-to-earnings ratio of 33.07, a PEG ratio of 3.74 and a beta of 0.47. The company has a current ratio of 1.15, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51.
Church & Dwight Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 14th. Church & Dwight’s dividend payout ratio (DPR) is 39.55%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. TD Cowen set a $97.00 price objective on shares of Church & Dwight and gave the stock a “hold” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $109.00 target price on shares of Church & Dwight in a research report on Monday, May 4th. Morgan Stanley set a $112.00 target price on Church & Dwight in a research note on Monday, August 3rd. Wall Street Zen raised Church & Dwight from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $110.00 price target (up from $105.00) on shares of Church & Dwight in a research report on Wednesday, July 8th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $104.41.
Check Out Our Latest Stock Report on Church & Dwight
Insider Buying and Selling at Church & Dwight
In other news, EVP Carlos G. Linares sold 15,375 shares of Church & Dwight stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $102.00, for a total transaction of $1,568,250.00. Following the completion of the sale, the executive vice president owned 4,668 shares in the company, valued at approximately $476,136. This trade represents a 76.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ravichandra Krishnamu Saligram sold 12,960 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $98.00, for a total value of $1,270,080.00. Following the transaction, the director directly owned 13,653 shares of the company’s stock, valued at $1,337,994. The trade was a 48.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 79,595 shares of company stock valued at $7,985,247 over the last 90 days. Insiders own 2.00% of the company’s stock.
About Church & Dwight
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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