Church & Dwight Co., Inc. (NYSE:CHD) Shares Purchased by AMI Asset Management Corp

AMI Asset Management Corp lifted its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 3.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 584,658 shares of the company’s stock after purchasing an additional 17,128 shares during the quarter. Church & Dwight comprises about 3.1% of AMI Asset Management Corp’s portfolio, making the stock its 11th biggest position. AMI Asset Management Corp owned approximately 0.24% of Church & Dwight worth $60,986,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Nomura Holdings Inc. lifted its position in Church & Dwight by 442.1% during the 4th quarter. Nomura Holdings Inc. now owns 14,148 shares of the company’s stock worth $1,338,000 after acquiring an additional 11,538 shares during the period. Simplicity Solutions LLC lifted its position in 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 during the period. Cim LLC acquired a new stake in Church & Dwight during the 4th quarter worth about $3,188,000. Crown Oak Advisors LLC acquired a new stake in Church & Dwight during the 4th quarter worth about $10,142,000. Finally, abrdn plc lifted its position in 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 during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insider Transactions at Church & Dwight

In other news, Director Penry W. Price sold 7,752 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $105.47, for a total transaction of $817,603.44. Following the transaction, the director now directly owns 25,692 shares in the company, valued at approximately $2,709,735.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Penry W. Price sold 7,752 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $105.47, for a total value of $817,603.44. Following the transaction, the director now directly owns 25,692 shares in the company, valued at $2,709,735.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert K. Shearer sold 13,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $106.36, for a total value of $1,403,952.00. Following the completion of the transaction, the director now owns 29,108 shares in the company, valued at $3,095,926.88. The disclosure for this sale can be found here. Insiders have sold a total of 182,346 shares of company stock worth $19,465,948 in the last ninety days. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CHD. BNP Paribas began coverage on Church & Dwight in a research report on Monday, June 24th. They set a “neutral” rating and a $114.00 price target for the company. HSBC lifted their price objective on Church & Dwight from $110.00 to $114.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. reduced their price objective on Church & Dwight from $98.00 to $97.00 and set an “underweight” rating for the company in a research note on Friday, May 3rd. Truist Financial lifted their price objective on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, Evercore ISI lifted their price objective 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. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $106.65.

Church & Dwight Price Performance

NYSE:CHD traded up $0.09 during trading hours on Thursday, hitting $105.53. 831,631 shares of the stock were exchanged, compared to its average volume of 1,538,797. Church & Dwight Co., Inc. has a 52-week low of $82.25 and a 52-week high of $110.31. The firm’s fifty day moving average price is $106.71 and its 200 day moving average price is $102.22. The company has a current ratio of 1.33, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54. The company has a market cap of $25.80 billion, a P/E ratio of 33.50, a P/E/G ratio of 3.44 and a beta of 0.52.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.86 by $0.10. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. Church & Dwight’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 EPS. As a group, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.46 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

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

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.