Victory Capital Management Inc. cut its holdings in Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) by 20.7% during the first quarter, HoldingsChannel reports. The firm owned 209,116 shares of the company’s stock after selling 54,422 shares during the period. Victory Capital Management Inc.’s holdings in Church & Dwight were worth $20,401,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC acquired a new position in Church & Dwight in the fourth quarter valued at $29,000. Evolution Advisers Inc. purchased a new stake in shares of Church & Dwight in the fourth quarter valued at about $30,000. Riverview Trust Co purchased a new stake in shares of Church & Dwight in the first quarter valued at about $30,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new stake in shares of Church & Dwight in the fourth quarter valued at about $35,000. Finally, US Asset Management LLC purchased a new stake in shares of Church & Dwight in the first quarter valued at about $36,000. 84.81% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Bradley C. Irwin sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $97.86, for a total value of $685,020.00. Following the completion of the transaction, the director now owns 41,636 shares of the company’s stock, valued at $4,074,498.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.70% of the company’s stock.
Church & Dwight Stock Down 0.7 %
Church & Dwight (NYSE:CHD – Get Rating) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.34 billion. Church & Dwight had a net margin of 14.71% and a return on equity of 21.89%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 earnings per share. Equities analysts anticipate that Church & Dwight Co., Inc. will post 3.02 EPS for the current fiscal year.
Church & Dwight Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be given a $0.2625 dividend. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Friday, August 12th. Church & Dwight’s dividend payout ratio is presently 33.33%.
Analysts Set New Price Targets
Several brokerages have recently weighed in on CHD. Royal Bank of Canada lowered their target price on shares of Church & Dwight from $94.00 to $92.00 and set a “sector perform” rating on the stock in a report on Monday. JPMorgan Chase & Co. lifted their target price on shares of Church & Dwight from $84.00 to $86.00 in a report on Thursday, July 21st. Wells Fargo & Company lowered their target price on shares of Church & Dwight from $100.00 to $95.00 and set an “overweight” rating on the stock in a report on Monday. The Goldman Sachs Group decreased their price objective on shares of Church & Dwight from $104.00 to $93.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Truist Financial decreased their price objective on shares of Church & Dwight from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Monday. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Church & Dwight presently has an average rating of “Hold” and an average target price of $94.79.
Church & Dwight Profile
Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates through 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; battery-operated and manual 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 replacement showerheads under the WATERPIK brand; FLAWLESS products; cold shortening and relief products under the ZICAM brand; and oral care products under the THERABREATH brand.
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