Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC lessened its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 3.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,465 shares of the company’s stock after selling 180 shares during the quarter. Tributary Capital Management LLC’s holdings in Church & Dwight were worth $463,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Game Plan Financial Advisors LLC acquired a new position in Church & Dwight during the 1st quarter worth approximately $26,000. Crewe Advisors LLC acquired a new position in shares of Church & Dwight during the first quarter worth $28,000. Roble Belko & Company Inc purchased a new position in shares of Church & Dwight in the first quarter valued at $31,000. Creekmur Asset Management LLC purchased a new position in shares of Church & Dwight in the fourth quarter valued at $32,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Church & Dwight during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Activity at Church & Dwight

In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $107.67, for a total value of $2,153,400.00. Following the completion of the transaction, the director now owns 13,793 shares in the company, valued at approximately $1,485,092.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 20,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $107.67, for a total transaction of $2,153,400.00. Following the completion of the transaction, the director now owns 13,793 shares in the company, valued at approximately $1,485,092.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard A. Dierker sold 86,740 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $106.56, for a total value of $9,243,014.40. Following the completion of the transaction, the chief financial officer now directly owns 7,634 shares of the company’s stock, valued at approximately $813,479.04. The disclosure for this sale can be found here. Insiders have sold a total of 220,722 shares of company stock worth $23,139,816 in the last ninety days. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Church & Dwight from $116.00 to $108.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Truist Financial reduced their price target on Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday, August 5th. JPMorgan Chase & Co. dropped their price objective on Church & Dwight from $101.00 to $97.00 and set an “underweight” rating on the stock in a report on Monday, August 5th. Stifel Nicolaus cut their target price on Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, August 5th. Finally, BNP Paribas began coverage on shares of Church & Dwight in a research report on Monday, June 24th. They set a “neutral” rating and a $114.00 price target for the company. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Church & Dwight has a consensus rating of “Hold” and a consensus price target of $106.58.

Church & Dwight Stock Performance

Shares of CHD stock opened at $102.16 on Friday. The company has a market cap of $24.98 billion, a P/E ratio of 32.43, a PEG ratio of 3.46 and a beta of 0.52. The business has a 50 day moving average of $103.04 and a two-hundred day moving average of $103.64. Church & Dwight Co., Inc. has a 52 week low of $82.25 and a 52 week high of $110.31. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.09. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, analysts anticipate that Church & Dwight Co., Inc. will post 3.43 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be issued a $0.2838 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.11%. Church & Dwight’s dividend payout ratio (DPR) is presently 35.87%.

Church & Dwight Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.