Mutual Advisors LLC purchased a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,478 shares of the company’s stock, valued at approximately $241,000.
Several other large investors have also made changes to their positions in the company. Generali Asset Management SPA SGR lifted its stake in shares of Church & Dwight by 30.0% during the second quarter. Generali Asset Management SPA SGR now owns 17,666 shares of the company’s stock valued at $1,698,000 after acquiring an additional 4,075 shares during the period. Boston Trust Walden Corp lifted its stake in shares of Church & Dwight by 7.8% during the second quarter. Boston Trust Walden Corp now owns 201,620 shares of the company’s stock valued at $19,378,000 after acquiring an additional 14,523 shares during the period. Morningstar Investment Management LLC acquired a new position in shares of Church & Dwight during the second quarter valued at $337,000. Sequoia Financial Advisors LLC lifted its stake in shares of Church & Dwight by 10.9% during the second quarter. Sequoia Financial Advisors LLC now owns 13,076 shares of the company’s stock valued at $1,257,000 after acquiring an additional 1,284 shares during the period. Finally, Vest Financial LLC lifted its stake in shares of Church & Dwight by 1.4% during the second quarter. Vest Financial LLC now owns 523,019 shares of the company’s stock valued at $50,267,000 after acquiring an additional 7,034 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.
Church & Dwight Stock Down 0.1%
Shares of Church & Dwight stock opened at $87.98 on Wednesday. Church & Dwight Co., Inc. has a 1 year low of $85.08 and a 1 year high of $116.46. The business has a 50-day moving average of $90.76 and a two-hundred day moving average of $95.08. The company has a market capitalization of $21.43 billion, a P/E ratio of 41.50, a price-to-earnings-growth ratio of 3.79 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, August 15th. Church & Dwight’s dividend payout ratio is 55.66%.
Analyst Ratings Changes
Several brokerages have recently issued reports on CHD. Redburn Partners set a $83.00 price target on Church & Dwight in a research note on Monday, July 14th. JPMorgan Chase & Co. dropped their price objective on Church & Dwight from $97.00 to $92.00 and set an “underweight” rating for the company in a report on Monday, August 4th. Bank of America dropped 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. Citigroup dropped their price objective on Church & Dwight from $88.00 to $85.00 and set a “sell” rating for the company in a report on Thursday, October 9th. Finally, Evercore ISI dropped their price objective on Church & Dwight from $102.00 to $101.00 and set an “in-line” rating for the company in a report on Monday, August 4th. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $100.00.
View Our Latest Analysis on CHD
Insiders Place Their Bets
In other news, EVP Michael Read acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 5th. The stock was acquired at an average cost of $91.27 per share, for a total transaction of $182,540.00. Following the completion of the acquisition, the executive vice president owned 7,505 shares in the company, valued at $684,981.35. This represents a 36.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard A. Dierker acquired 5,470 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were purchased at an average price of $91.57 per share, with a total value of $500,887.90. Following the completion of the acquisition, the chief executive officer 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 disclosure for this purchase can be found here. Insiders acquired 12,879 shares of company stock worth $1,177,702 over the last ninety days. 1.20% of the stock is currently owned by corporate insiders.
Church & Dwight 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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