Church & Dwight Co., Inc. (NYSE:CHD) Short Interest Up 10.0% in June

Church & Dwight Co., Inc. (NYSE:CHD) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 6,690,000 shares, an increase of 10.0% from the June 15th total of 6,080,000 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average trading volume of 1,310,000 shares, the days-to-cover ratio is currently 5.1 days.

Insider Activity

In related news, EVP Maynadier Patrick D. De sold 54,654 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $107.00, for a total transaction of $5,847,978.00. Following the transaction, the executive vice president now directly owns 10,325 shares of the company’s stock, valued at approximately $1,104,775. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Maynadier Patrick D. De sold 54,654 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $107.00, for a total transaction of $5,847,978.00. Following the transaction, the executive vice president now directly owns 10,325 shares of the company’s stock, valued at approximately $1,104,775. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert K. Shearer sold 13,200 shares of the firm’s stock in a transaction dated 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 directly owns 29,108 shares in the company, valued at $3,095,926.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 182,346 shares of company stock worth $19,465,948. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Church & Dwight

Hedge funds have recently added to or reduced their stakes in the stock. Texas Yale Capital Corp. lifted its holdings in shares of Church & Dwight by 1.0% during the first quarter. Texas Yale Capital Corp. now owns 10,600 shares of the company’s stock valued at $1,106,000 after purchasing an additional 100 shares in the last quarter. Garner Asset Management Corp lifted its holdings in shares of Church & Dwight by 5.1% during the first quarter. Garner Asset Management Corp now owns 2,058 shares of the company’s stock valued at $215,000 after purchasing an additional 100 shares in the last quarter. Chilton Capital Management LLC lifted its holdings in shares of Church & Dwight by 50.0% during the fourth quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock valued at $31,000 after purchasing an additional 110 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Church & Dwight by 14.7% during the fourth quarter. Global Retirement Partners LLC now owns 883 shares of the company’s stock valued at $87,000 after purchasing an additional 113 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its holdings in shares of Church & Dwight by 2.4% during the first quarter. Kingswood Wealth Advisors LLC now owns 4,942 shares of the company’s stock valued at $516,000 after purchasing an additional 117 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

Church & Dwight Trading Up 1.3 %

NYSE CHD opened at $103.71 on Thursday. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54. Church & Dwight has a twelve month low of $82.25 and a twelve month high of $110.31. The firm has a market capitalization of $25.36 billion, a PE ratio of 32.92, a P/E/G ratio of 3.34 and a beta of 0.52. The stock’s 50 day moving average is $106.24 and its 200 day moving average is $103.03.

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

Church & Dwight Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have commented on CHD. Oppenheimer lifted their price target on Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. BNP Paribas began coverage on Church & Dwight in a research note on Monday, June 24th. They issued a “neutral” rating and a $114.00 price target on the stock. Barclays decreased their price target on Church & Dwight from $83.00 to $82.00 and set an “underweight” rating on the stock in a research note on Monday, May 6th. Argus lifted their price target on Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $106.65.

Church & Dwight Company 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.