Church & Dwight Co., Inc. (NYSE:CHD) Position Reduced by Hyman Charles D

Hyman Charles D decreased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 6.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,300 shares of the company’s stock after selling 300 shares during the period. Hyman Charles D’s holdings in Church & Dwight were worth $446,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHD. Nomura Holdings Inc. grew 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 worth $1,338,000 after buying an additional 11,538 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in Church & Dwight by 13.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 342,699 shares of the company’s stock worth $35,755,000 after buying an additional 39,695 shares during the last quarter. Russell Investments Group Ltd. grew its position in Church & Dwight by 12.8% during the 1st quarter. Russell Investments Group Ltd. now owns 208,997 shares of the company’s stock worth $21,798,000 after purchasing an additional 23,754 shares in the last quarter. Cim LLC purchased a new position in Church & Dwight during the 4th quarter worth approximately $3,188,000. Finally, Envestnet Portfolio Solutions Inc. grew its position in Church & Dwight by 187.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 22,367 shares of the company’s stock worth $2,115,000 after purchasing an additional 14,579 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Insider Transactions at Church & Dwight

In other news, EVP Barry A. Bruno sold 59,328 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the transaction, the executive vice president now directly owns 4,319 shares in the company, valued at $429,179.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Barry A. Bruno sold 59,328 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the transaction, the executive vice president now directly owns 4,319 shares in the company, valued at $429,179.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard A. Dierker sold 86,740 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was 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 owns 7,634 shares in the company, valued at $813,479.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 220,722 shares of company stock worth $23,139,816. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Barclays lifted their price objective on shares of Church & Dwight from $80.00 to $82.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 6th. Truist Financial lowered their price objective on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. JPMorgan Chase & Co. decreased their target price on shares of Church & Dwight from $101.00 to $97.00 and set an “underweight” rating for the company in a research note on Monday, August 5th. HSBC lifted their target price on shares of Church & Dwight from $110.00 to $114.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Finally, Argus lifted their target price on shares of Church & Dwight from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $106.58.

Church & Dwight Price Performance

NYSE CHD traded down $0.35 on Monday, reaching $101.81. The company’s stock had a trading volume of 760,873 shares, compared to its average volume of 1,358,052. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. The firm has a market cap of $24.89 billion, a PE ratio of 32.32, a price-to-earnings-growth ratio of 3.46 and a beta of 0.52. Church & Dwight Co., Inc. has a 52 week low of $82.25 and a 52 week high of $110.31. The business has a 50-day moving average price of $102.89 and a 200 day moving average price of $103.67.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.09. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share. Sell-side analysts expect 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. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.2838 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.14 annualized dividend and a yield of 1.11%. Church & Dwight’s dividend payout ratio is 35.87%.

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.