Church & Dwight Co., Inc. (NYSE:CHD) Shares Bought by Wedmont Private Capital

Wedmont Private Capital boosted its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 6.3% during the second quarter, HoldingsChannel.com reports. The firm owned 4,113 shares of the company’s stock after purchasing an additional 244 shares during the period. Wedmont Private Capital’s holdings in Church & Dwight were worth $428,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Game Plan Financial Advisors LLC acquired a new position in shares of Church & Dwight in the 1st quarter valued at $26,000. Crewe Advisors LLC acquired a new position in Church & Dwight in the 1st quarter worth $28,000. Roble Belko & Company Inc acquired a new position in Church & Dwight during the 1st quarter worth $31,000. Creekmur Asset Management LLC bought a new position in shares of Church & Dwight in the 4th quarter worth about $32,000. Finally, Annapolis Financial Services LLC grew its position 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 acquiring an additional 334 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Down 0.6 %

Shares of NYSE CHD traded down $0.62 during trading on Tuesday, hitting $100.19. 1,378,039 shares of the company traded hands, compared to its average volume of 1,374,758. The business’s fifty day moving average is $104.20 and its 200 day moving average is $103.60. Church & Dwight Co., Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $110.31. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.53. The firm has a market capitalization of $24.53 billion, a price-to-earnings ratio of 31.78, a P/E/G ratio of 3.45 and a beta of 0.52.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, August 2nd. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.84 by $0.09. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 EPS. Equities research analysts predict that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be issued a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.13%. The ex-dividend date is Thursday, August 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 35.87%.

Analysts Set New Price Targets

Several brokerages have commented on CHD. Argus boosted their price target on shares of Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Wells Fargo & Company dropped their price target on Church & Dwight from $116.00 to $108.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Oppenheimer boosted 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. Truist Financial decreased their price target on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Church & Dwight currently has a consensus rating of “Hold” and an average target price of $106.58.

Insiders Place Their Bets

In other Church & Dwight news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $99.37, for a total value of $5,895,423.36. Following the transaction, the executive vice president now owns 4,319 shares in the company, valued at $429,179.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Church & Dwight news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the transaction, the executive vice president now owns 4,319 shares of the company’s stock, valued at approximately $429,179.03. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ravichandra Krishnamu Saligram sold 20,000 shares of Church & Dwight stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $107.67, for a total value of $2,153,400.00. Following the completion of the sale, the director now directly owns 13,793 shares of the company’s stock, valued at approximately $1,485,092.31. The disclosure for this sale can be found here. Insiders have sold 220,722 shares of company stock worth $23,139,816 in the last three months. 2.00% of the stock is currently owned by corporate insiders.

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.