Sykon Capital LLC Makes New Investment in Church & Dwight Co., Inc. (NYSE:CHD)

Sykon Capital LLC purchased a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the second quarter, Holdings Channel.com reports. The fund purchased 3,150 shares of the company’s stock, valued at approximately $327,000.

Other institutional investors have also recently made changes to their positions in the company. Game Plan Financial Advisors LLC purchased a new stake in shares of Church & Dwight during the 1st quarter valued at approximately $26,000. Crewe Advisors LLC purchased a new stake in shares of Church & Dwight during the first quarter worth $28,000. Roble Belko & Company Inc purchased a new stake in shares of Church & Dwight during the first quarter worth $31,000. Rothschild Investment LLC bought a new position in shares of Church & Dwight in the second quarter worth $31,000. Finally, Creekmur Asset Management LLC purchased a new position in shares of Church & Dwight in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Price Performance

Shares of Church & Dwight stock opened at $103.56 on Friday. The business’s 50-day moving average price is $102.18 and its 200-day moving average price is $104.08. The firm has a market capitalization of $25.35 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 3.49 and a beta of 0.54. Church & Dwight Co., Inc. has a 12 month low of $82.25 and a 12 month high of $110.31. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD) last posted its quarterly 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. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the firm posted $0.92 earnings per share. The business’s revenue was up 3.9% compared to the same quarter last year. Sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.43 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a dividend of $0.2838 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.14 annualized dividend and a yield of 1.10%. Church & Dwight’s payout ratio is 35.87%.

Insider Activity

In other news, EVP Barry A. Bruno sold 59,328 shares of Church & Dwight 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 transaction, the executive vice president now owns 4,319 shares in the company, valued at $429,179.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CHD has been the topic of a number of recent research reports. Argus increased their price objective on Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. BNP Paribas began coverage on shares of Church & Dwight in a research report on Monday, June 24th. They issued a “neutral” rating and a $114.00 price objective for the company. Evercore ISI reduced their price objective on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a research note on Monday, August 5th. TD Cowen started coverage on shares of Church & Dwight in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 target price on the stock. Finally, Barclays boosted their price target on shares of Church & Dwight from $80.00 to $82.00 and gave the company an “underweight” rating in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $106.58.

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.