Sciencast Management LP Acquires Shares of 11,000 Church & Dwight Co., Inc. (NYSE:CHD)

Sciencast Management LP acquired a new stake in Church & Dwight Co., Inc. (NYSE:CHD) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,000 shares of the company’s stock, valued at approximately $1,147,000.

Several other large investors also recently added to or reduced their stakes in CHD. Nomura Holdings Inc. raised its holdings in shares of Church & Dwight by 442.1% in the 4th quarter. Nomura Holdings Inc. now owns 14,148 shares of the company’s stock valued at $1,338,000 after purchasing an additional 11,538 shares in the last quarter. Simplicity Solutions LLC raised its stake in shares of Church & Dwight by 69.5% during the 4th quarter. Simplicity Solutions LLC now owns 26,257 shares of the company’s stock worth $2,483,000 after acquiring an additional 10,762 shares in the last quarter. Cim LLC bought a new position in shares of Church & Dwight during the 4th quarter worth approximately $3,188,000. Crown Oak Advisors LLC bought a new position in shares of Church & Dwight during the 4th quarter worth approximately $10,142,000. Finally, abrdn plc raised its stake in shares of Church & Dwight by 35.0% during the 4th quarter. abrdn plc now owns 281,416 shares of the company’s stock worth $26,611,000 after acquiring an additional 73,022 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Stock Up 0.4 %

NYSE:CHD traded up $0.44 during mid-day trading on Friday, hitting $104.18. The stock had a trading volume of 1,115,595 shares, compared to its average volume of 1,313,394. The stock has a 50-day simple moving average of $106.48 and a two-hundred day simple moving average of $102.78. The company has a market capitalization of $25.47 billion, a PE ratio of 33.07, a PEG ratio of 3.42 and a beta of 0.52. Church & Dwight Co., Inc. has a twelve month low of $82.25 and a twelve month high of $110.31. The company has a current ratio of 1.33, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data 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. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the company earned $0.85 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.46 EPS for the current year.

Church & Dwight Announces Dividend

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

Insider Buying and Selling at Church & Dwight

In other news, CFO Richard A. Dierker sold 86,740 shares of the company’s stock in a transaction on Friday, June 14th. The shares were 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 directly owns 7,634 shares of the company’s stock, valued at approximately $813,479.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Penry W. Price sold 7,752 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $105.47, for a total transaction of $817,603.44. Following the completion of the sale, the director now owns 25,692 shares of the company’s stock, valued at approximately $2,709,735.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard A. Dierker sold 86,740 shares of the 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 sale, the chief financial officer now directly owns 7,634 shares of the company’s stock, valued at approximately $813,479.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 182,346 shares of company stock valued at $19,465,948. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CHD has been the subject of several recent analyst reports. Evercore ISI boosted their price objective on shares of Church & Dwight from $107.00 to $110.00 and gave the stock an “in-line” rating in a research note on Friday, May 3rd. Argus upped their price objective on shares of Church & Dwight from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Truist Financial upped their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Barclays lowered their price target on shares of Church & Dwight from $83.00 to $82.00 and set an “underweight” rating on the stock in a report on Monday, May 6th. Finally, Oppenheimer upped their price objective on shares of Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Church & Dwight presently has a consensus 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.