1832 Asset Management L.P. Buys 27,972 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

1832 Asset Management L.P. raised its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 78.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 63,459 shares of the company’s stock after purchasing an additional 27,972 shares during the period. 1832 Asset Management L.P.’s holdings in Church & Dwight were worth $6,619,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Church & Dwight by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock valued at $2,861,865,000 after purchasing an additional 354,946 shares during the period. Capital International Investors grew its holdings in Church & Dwight by 1.0% during the first quarter. Capital International Investors now owns 9,097,575 shares of the company’s stock valued at $948,968,000 after purchasing an additional 92,862 shares during the period. Norges Bank bought a new stake in Church & Dwight during the fourth quarter valued at about $259,967,000. ProShare Advisors LLC grew its holdings in Church & Dwight by 1.8% during the first quarter. ProShare Advisors LLC now owns 1,783,412 shares of the company’s stock valued at $186,028,000 after purchasing an additional 31,145 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Church & Dwight by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,349,676 shares of the company’s stock valued at $127,625,000 after acquiring an additional 25,034 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Insiders Place Their Bets

In other Church & Dwight news, CFO Richard A. Dierker sold 86,740 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 7,634 shares in the company, valued at $813,479.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Maynadier Patrick D. De sold 54,654 shares of the stock in a transaction on 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 completion of the sale, the executive vice president now owns 10,325 shares in the company, valued at approximately $1,104,775. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Richard A. Dierker sold 86,740 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $106.56, for a total value of $9,243,014.40. Following the sale, the chief financial officer now owns 7,634 shares of the company’s stock, valued at approximately $813,479.04. The disclosure for this sale can be found here. Insiders sold a total of 182,346 shares of company stock worth $19,465,948 over the last 90 days. Company insiders own 2.00% of the company’s stock.

Church & Dwight Trading Up 1.5 %

NYSE:CHD traded up $1.53 during midday trading on Friday, hitting $101.38. The stock had a trading volume of 1,273,426 shares, compared to its average volume of 1,631,769. Church & Dwight Co., Inc. has a one year low of $82.25 and a one year high of $110.31. The company has a market capitalization of $24.79 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 3.25 and a beta of 0.52. The stock has a 50-day moving average of $105.41 and a 200 day moving average of $103.35. 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 (NYSE:CHD) last posted its earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. Church & Dwight’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. As a group, sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.46 EPS for the current year.

Church & Dwight Announces Dividend

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 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 yield of 1.12%. Church & Dwight’s dividend payout ratio is currently 35.87%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Evercore ISI boosted their price objective on Church & Dwight from $107.00 to $110.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. TD Cowen began coverage on Church & Dwight in a research report on Tuesday. They issued a “buy” rating and a $116.00 target price on the stock. Truist Financial boosted their target price on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. boosted their target price on Church & Dwight from $97.00 to $101.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Church & Dwight currently has an average rating of “Hold” and a consensus target price of $107.28.

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.