Harbor Capital Advisors Inc. Invests $468,000 in Church & Dwight Co., Inc. (NYSE:CHD)

Harbor Capital Advisors Inc. acquired a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 4,255 shares of the company’s stock, valued at approximately $468,000.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Church & Dwight in the fourth quarter worth approximately $318,532,000. JPMorgan Chase & Co. boosted its holdings in Church & Dwight by 19.4% in the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company’s stock worth $768,157,000 after buying an additional 1,190,154 shares during the period. GAMMA Investing LLC increased its stake in Church & Dwight by 12,489.8% in the 1st quarter. GAMMA Investing LLC now owns 861,895 shares of the company’s stock worth $94,886,000 after buying an additional 855,049 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Church & Dwight during the fourth quarter valued at about $76,565,000. Finally, Ceredex Value Advisors LLC bought a new stake in Church & Dwight during the fourth quarter valued at about $49,504,000. 86.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Michael Read bought 3,000 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was acquired at an average cost of $92.07 per share, with a total value of $276,210.00. Following the transaction, the executive vice president now directly owns 5,505 shares in the company, valued at approximately $506,845.35. This trade represents a 119.76% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Carlen Hooker sold 11,875 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $98.75, for a total value of $1,172,656.25. Following the transaction, the executive vice president now directly owns 262 shares in the company, valued at $25,872.50. The trade was a 97.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,195 shares of company stock valued at $4,283,432 in the last 90 days. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Morgan Stanley cut their target price on Church & Dwight from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Monday, May 5th. Bank of America raised shares of Church & Dwight from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $112.00 to $125.00 in a report on Tuesday, April 15th. Wells Fargo & Company raised their target price on shares of Church & Dwight from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, April 2nd. TD Cowen cut shares of Church & Dwight from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research note on Tuesday, May 6th. Finally, Cowen lowered Church & Dwight from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and a consensus target price of $108.67.

Church & Dwight Trading Down 2.1%

Shares of CHD opened at $97.04 on Friday. Church & Dwight Co., Inc. has a twelve month low of $90.99 and a twelve month high of $116.46. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $98.41 and its 200-day simple moving average is $103.94. The company has a market cap of $23.90 billion, a P/E ratio of 40.95, a P/E/G ratio of 3.32 and a beta of 0.52.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.02. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.52 billion. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 earnings per share. As a group, analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Thursday, May 15th. Church & Dwight’s payout ratio is presently 50.64%.

Church & Dwight Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.