Sykon Capital LLC Takes Position in Church & Dwight Co., Inc. (NYSE:CHD)

Sykon Capital LLC acquired a new stake in Church & Dwight Co., Inc. (NYSE:CHD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,150 shares of the company’s stock, valued at approximately $327,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CHD. Principal Securities Inc. bought a new position in Church & Dwight during the 4th quarter worth $155,000. Cary Street Partners Investment Advisory LLC raised its position in shares of Church & Dwight by 38.9% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 2,139 shares of the company’s stock worth $202,000 after acquiring an additional 599 shares during the last quarter. QRG Capital Management Inc. lifted its stake in shares of Church & Dwight by 9.0% in the fourth quarter. QRG Capital Management Inc. now owns 10,092 shares of the company’s stock worth $954,000 after acquiring an additional 837 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in Church & Dwight by 187.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 22,367 shares of the company’s stock valued at $2,115,000 after acquiring an additional 14,579 shares during the last quarter. Finally, Checchi Capital Advisers LLC acquired a new stake in Church & Dwight during the 4th quarter valued at approximately $202,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Stock Up 0.3 %

CHD stock opened at $103.56 on Friday. The firm has a market capitalization of $25.35 billion, a PE ratio of 32.88, a P/E/G ratio of 3.49 and a beta of 0.54. 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 Co., Inc. has a twelve month low of $82.25 and a twelve month high of $110.31. The stock’s 50 day moving average is $102.18 and its 200-day moving average is $104.08.

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, beating the consensus estimate of $0.84 by $0.09. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the business earned $0.92 EPS. Sell-side analysts expect that Church & Dwight Co., Inc. will post 3.43 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a $0.2838 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.14 annualized dividend and a yield of 1.10%. Church & Dwight’s dividend payout ratio (DPR) is 35.87%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CHD. TD Cowen began coverage on shares of Church & Dwight in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on Church & Dwight from $101.00 to $97.00 and set an “underweight” rating for the company in a report on Monday, August 5th. Truist Financial cut their target price on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Argus boosted their price target on Church & Dwight from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Finally, Wells Fargo & Company dropped their target price on shares of Church & Dwight from $116.00 to $108.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $106.58.

Insiders Place Their Bets

In related news, EVP Barry A. Bruno sold 59,328 shares of Church & Dwight stock in a transaction on Monday, August 5th. The stock was sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the sale, the executive vice president now directly owns 4,319 shares in the company, valued at $429,179.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

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.