1832 Asset Management L.P. Grows Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

1832 Asset Management L.P. boosted its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHDFree Report) by 1.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 35,487 shares of the company’s stock after purchasing an additional 352 shares during the period. 1832 Asset Management L.P.’s holdings in Church & Dwight were worth $3,356,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Chilton Capital Management LLC increased its position in Church & Dwight by 50.0% in the 4th quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock valued at $31,000 after acquiring an additional 110 shares during the period. Annapolis Financial Services LLC raised its stake in shares of Church & Dwight by 2,087.5% during the fourth quarter. Annapolis Financial Services LLC now owns 350 shares of the company’s stock worth $33,000 after purchasing an additional 334 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Church & Dwight by 383.8% during the fourth quarter. Jones Financial Companies Lllp now owns 387 shares of the company’s stock worth $37,000 after purchasing an additional 307 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new position in Church & Dwight in the 4th quarter valued at $62,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Church & Dwight by 74.7% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 685 shares of the company’s stock valued at $65,000 after buying an additional 293 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight Stock Performance

NYSE:CHD opened at $107.38 on Friday. Church & Dwight Co., Inc. has a 1-year low of $82.25 and a 1-year high of $108.68. The firm has a 50 day simple moving average of $105.47 and a 200-day simple moving average of $100.57. The firm has a market cap of $26.26 billion, a PE ratio of 34.09, a P/E/G ratio of 3.52 and a beta of 0.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.82.

Church & Dwight (NYSE:CHDGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.10. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $0.85 EPS. On average, equities analysts expect that Church & Dwight Co., Inc. will post 3.46 EPS for the current year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were issued a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Tuesday, May 14th. Church & Dwight’s dividend payout ratio (DPR) is 35.87%.

Wall Street Analyst Weigh In

CHD has been the topic of several analyst reports. Bank of America lifted their target price on shares of Church & Dwight from $100.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft increased their target price on Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. The Goldman Sachs Group assumed coverage on Church & Dwight in a research note on Friday, March 1st. They issued a “buy” rating and a $110.00 price target on the stock. Oppenheimer increased their price objective on Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 23rd. Finally, Argus upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Friday, February 23rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $105.56.

Check Out Our Latest Stock Report on CHD

Insider Activity

In related news, EVP Michael Read sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $105.00, for a total value of $472,500.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Ravichandra Krishnamu Saligram sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $107.67, for a total transaction of $2,153,400.00. Following the completion of the sale, the director now owns 13,793 shares of the company’s stock, valued at approximately $1,485,092.31. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Read sold 4,500 shares of Church & Dwight stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $105.00, for a total transaction of $472,500.00. The disclosure for this sale can be found here. Insiders sold a total of 335,968 shares of company stock valued at $35,020,500 in the last 90 days. 2.00% of the stock is currently owned by insiders.

About Church & Dwight

(Free Report)

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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Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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