Davis R M Inc. cut its position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,157 shares of the company’s stock after selling 132 shares during the quarter. Davis R M Inc.’s holdings in Church & Dwight were worth $617,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Jacobi Capital Management LLC grew its stake in Church & Dwight by 21.7% in the 1st quarter. Jacobi Capital Management LLC now owns 3,706 shares of the company’s stock valued at $328,000 after buying an additional 661 shares in the last quarter. Colonial Trust Co SC bought a new stake in shares of Church & Dwight during the 1st quarter valued at $347,000. Portside Wealth Group LLC purchased a new stake in Church & Dwight during the 2nd quarter worth about $7,427,000. Nisa Investment Advisors LLC boosted its stake in Church & Dwight by 0.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 67,602 shares of the company’s stock worth $5,977,000 after purchasing an additional 541 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in Church & Dwight by 1.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 19,132 shares of the company’s stock valued at $1,918,000 after buying an additional 286 shares in the last quarter. 82.79% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts recently commented on CHD shares. Royal Bank of Canada boosted their price objective on shares of Church & Dwight from $91.00 to $94.00 and gave the company a “sector perform” rating in a research note on Monday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price target on Church & Dwight from $107.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. TheStreet cut shares of Church & Dwight from a “b-” rating to a “c” rating in a research note on Friday, November 3rd. JPMorgan Chase & Co. boosted their price target on shares of Church & Dwight from $91.00 to $93.00 and gave the stock an “underweight” rating in a research note on Thursday, October 12th. Finally, Truist Financial raised Church & Dwight from a “hold” rating to a “buy” rating and raised their price objective for the company from $95.00 to $105.00 in a research note on Monday, August 28th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Church & Dwight currently has a consensus rating of “Hold” and an average price target of $95.25.
Church & Dwight Stock Performance
Shares of Church & Dwight stock opened at $91.45 on Tuesday. The stock has a market cap of $22.53 billion, a price-to-earnings ratio of 52.26, a PEG ratio of 3.78 and a beta of 0.50. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.47 and a quick ratio of 0.90. Church & Dwight Co., Inc. has a 1 year low of $76.24 and a 1 year high of $100.52. The firm’s 50-day moving average is $91.13 and its 200 day moving average is $94.20.
Church & Dwight (NYSE:CHD – Get Free Report) last posted its quarterly earnings results on Friday, November 3rd. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.06. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Church & Dwight had a net margin of 7.57% and a return on equity of 20.55%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 earnings per share. Sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.16 EPS for the current fiscal year.
Church & Dwight Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a dividend of $0.2725 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.09 annualized dividend and a dividend yield of 1.19%. Church & Dwight’s dividend payout ratio (DPR) is presently 62.29%.
Insider Buying and Selling
In other news, CEO Matthew Farrell sold 132,881 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $96.00, for a total transaction of $12,756,576.00. Following the completion of the transaction, the chief executive officer now directly owns 112,444 shares of the company’s stock, valued at $10,794,624. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by corporate insiders.
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.
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