Church & Dwight Co., Inc. (NYSE:CHD) Shares Acquired by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC grew its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 1.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 90,349 shares of the company’s stock after buying an additional 1,115 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Church & Dwight were worth $9,424,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Nomura Holdings Inc. lifted its position in Church & Dwight by 442.1% in the fourth quarter. Nomura Holdings Inc. now owns 14,148 shares of the company’s stock valued at $1,338,000 after acquiring an additional 11,538 shares during the last quarter. Simplicity Solutions LLC lifted its position in Church & Dwight by 69.5% in the fourth quarter. Simplicity Solutions LLC now owns 26,257 shares of the company’s stock valued at $2,483,000 after acquiring an additional 10,762 shares during the last quarter. Cim LLC purchased a new stake in Church & Dwight in the fourth quarter valued at $3,188,000. Crown Oak Advisors LLC purchased a new stake in shares of Church & Dwight in the fourth quarter valued at about $10,142,000. Finally, abrdn plc raised its holdings in shares of Church & Dwight by 35.0% in the fourth quarter. abrdn plc now owns 281,416 shares of the company’s stock valued at $26,611,000 after buying an additional 73,022 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert K. Shearer sold 13,200 shares of Church & Dwight stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $106.36, for a total value of $1,403,952.00. Following the transaction, the director now owns 29,108 shares of the company’s stock, valued at approximately $3,095,926.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Robert K. Shearer sold 13,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $106.36, for a total transaction of $1,403,952.00. Following the transaction, the director now directly owns 29,108 shares of the company’s stock, valued at $3,095,926.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard A. Dierker sold 86,740 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the transaction, the chief financial officer now directly owns 7,634 shares in the company, valued at $813,479.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 182,346 shares of company stock worth $19,465,948. 2.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CHD. Deutsche Bank Aktiengesellschaft upped their target price on shares of Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. The Goldman Sachs Group initiated coverage on shares of Church & Dwight in a research report on Friday, March 1st. They issued a “buy” rating and a $110.00 price target on the stock. JPMorgan Chase & Co. lowered their price target on shares of Church & Dwight from $98.00 to $97.00 and set an “underweight” rating on the stock in a research report on Friday, May 3rd. Bank of America increased their price target on shares of Church & Dwight from $100.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. Finally, BNP Paribas initiated coverage on shares of Church & Dwight in a research report on Monday. They issued a “neutral” rating and a $114.00 price target on the stock. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Church & Dwight has a consensus rating of “Hold” and a consensus target price of $106.65.

Church & Dwight Stock Down 0.5 %

CHD stock traded down $0.51 during mid-day trading on Thursday, hitting $103.97. 1,486,150 shares of the company were exchanged, compared to its average volume of 1,263,716. The firm has a fifty day simple moving average of $106.79 and a 200 day simple moving average of $101.82. The company has a current ratio of 1.33, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54. Church & Dwight Co., Inc. has a twelve month low of $82.25 and a twelve month high of $110.31. The company has a market capitalization of $25.42 billion, a PE ratio of 33.05, a price-to-earnings-growth ratio of 3.42 and a beta of 0.51.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $0.85 EPS. On average, research analysts forecast that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were given a dividend of $0.2838 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.09%. Church & Dwight’s dividend payout ratio (DPR) is 35.87%.

About Church & Dwight

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.