Westhampton Capital LLC Sells 275 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Westhampton Capital LLC trimmed its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,500 shares of the company’s stock after selling 275 shares during the quarter. Church & Dwight accounts for approximately 1.3% of Westhampton Capital LLC’s investment portfolio, making the stock its 19th largest holding. Westhampton Capital LLC’s holdings in Church & Dwight were worth $2,451,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Game Plan Financial Advisors LLC bought a new stake in shares of Church & Dwight during the first quarter worth $26,000. Roble Belko & Company Inc purchased a new position in shares of Church & Dwight during the first quarter valued at $31,000. Chilton Capital Management LLC increased its stake in shares of Church & Dwight by 50.0% during the fourth quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock valued at $31,000 after buying an additional 110 shares during the period. Creekmur Asset Management LLC purchased a new position in shares of Church & Dwight during the fourth quarter valued at $32,000. Finally, Annapolis Financial Services LLC increased 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 valued at $33,000 after buying an additional 334 shares during the period. 86.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CHD has been the topic of several research reports. Oppenheimer raised their price target on Church & Dwight from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, April 23rd. Barclays cut their price target on Church & Dwight from $83.00 to $82.00 and set an “underweight” rating on the stock in a research note on Monday, May 6th. Argus lifted their target price on Church & Dwight from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Evercore ISI lifted their target price on Church & Dwight from $107.00 to $110.00 and gave the company an “in-line” rating in a research note on Friday, May 3rd. Finally, HSBC lifted their target price on Church & Dwight from $110.00 to $114.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $106.65.

Insider Buying and Selling

In other Church & Dwight news, CFO Richard A. Dierker sold 86,740 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $106.56, for a total value of $9,243,014.40. Following the completion of the transaction, the chief financial officer now directly owns 7,634 shares of the company’s stock, valued at $813,479.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Church & Dwight news, CFO Richard A. Dierker sold 86,740 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $106.56, for a total value of $9,243,014.40. Following the completion of the transaction, the chief financial officer now directly owns 7,634 shares of the company’s stock, valued at $813,479.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maynadier Patrick D. De sold 54,654 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $107.00, for a total value of $5,847,978.00. Following the completion of the transaction, the executive vice president now directly owns 10,325 shares of the company’s stock, valued at $1,104,775. The disclosure for this sale can be found here. Insiders sold 182,346 shares of company stock valued at $19,465,948 over the last quarter. 1.40% of the stock is currently owned by company insiders.

Church & Dwight Stock Performance

Shares of Church & Dwight stock traded up $0.28 on Tuesday, reaching $105.15. 522,385 shares of the stock were exchanged, compared to its average volume of 1,307,417. 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 Co., Inc. has a twelve month low of $82.25 and a twelve month high of $110.31. The firm has a market capitalization of $25.71 billion, a price-to-earnings ratio of 33.29, a PEG ratio of 3.38 and a beta of 0.52. The business has a 50 day moving average price of $106.79 and a two-hundred day moving average price of $102.00.

Church & Dwight (NYSE:CHD) last released its earnings results on Thursday, May 2nd. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue was up 5.1% compared to the same quarter last year. Analysts anticipate that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were issued a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Tuesday, May 14th. Church & Dwight’s dividend payout ratio (DPR) is 35.87%.

About Church & Dwight

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.