FSM Wealth Advisors LLC reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 5.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,260 shares of the company’s stock after selling 135 shares during the period. FSM Wealth Advisors LLC’s holdings in Church & Dwight were worth $221,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Hampshire Trust lifted its stake in Church & Dwight by 4.9% in the second quarter. New Hampshire Trust now owns 2,408 shares of the company’s stock worth $241,000 after acquiring an additional 113 shares during the last quarter. Capital Investment Services of America Inc. purchased a new stake in shares of Church & Dwight during the 2nd quarter worth $203,000. Kathmere Capital Management LLC grew its stake in shares of Church & Dwight by 5.2% during the second quarter. Kathmere Capital Management LLC now owns 3,596 shares of the company’s stock worth $360,000 after purchasing an additional 177 shares in the last quarter. Bard Financial Services Inc. purchased a new position in Church & Dwight in the second quarter valued at $211,000. Finally, Czech National Bank raised its stake in Church & Dwight by 0.7% in the second quarter. Czech National Bank now owns 28,915 shares of the company’s stock valued at $2,898,000 after buying an additional 193 shares in the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.
Church & Dwight Price Performance
Church & Dwight stock opened at $95.16 on Tuesday. The company has a market cap of $23.41 billion, a P/E ratio of 52.87, a price-to-earnings-growth ratio of 3.83 and a beta of 0.47. Church & Dwight Co., Inc. has a one year low of $70.16 and a one year high of $100.52. The business has a fifty day moving average of $95.85 and a two-hundred day moving average of $93.54. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.80 and a current ratio of 1.41.
Church & Dwight (NYSE:CHD – Get Free Report) last released its quarterly earnings data on Friday, July 28th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.13. Church & Dwight had a net margin of 7.93% and a return on equity of 21.12%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. As a group, analysts predict that Church & Dwight Co., Inc. will post 3.17 earnings per share for the current fiscal year.
Church & Dwight Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were issued a dividend of $0.2725 per share. The ex-dividend date of this dividend was Monday, August 14th. This represents a $1.09 annualized dividend and a yield of 1.15%. Church & Dwight’s dividend payout ratio is presently 60.56%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of Church & Dwight from $95.00 to $97.00 and gave the company a “hold” rating in a report on Monday, July 31st. Royal Bank of Canada lifted their target price on Church & Dwight from $91.00 to $94.00 and gave the stock a “sector perform” rating in a research report on Monday, July 31st. Truist Financial raised Church & Dwight from a “hold” rating to a “buy” rating and upped their target price for the company from $95.00 to $105.00 in a research report on Monday, August 28th. Jefferies Financial Group raised their price target on Church & Dwight from $111.00 to $113.00 in a research note on Wednesday, June 21st. Finally, StockNews.com assumed coverage on Church & Dwight in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $93.31.
View Our Latest Research Report on Church & Dwight
Insider Buying and Selling at Church & Dwight
In related news, CEO Matthew Farrell sold 132,881 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $96.00, for a total value of $12,756,576.00. Following the sale, the chief executive officer now directly owns 112,444 shares of the company’s stock, valued at approximately $10,794,624. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Richard A. Dierker sold 90,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $95.80, for a total value of $8,622,000.00. Following the completion of the transaction, the chief financial officer now owns 7,544 shares of the company’s stock, valued at approximately $722,715.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew Farrell sold 132,881 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $96.00, for a total transaction of $12,756,576.00. Following the sale, the chief executive officer now owns 112,444 shares in the company, valued at approximately $10,794,624. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 258,348 shares of company stock valued at $24,793,650. Insiders own 2.00% of the company’s stock.
Church & Dwight Profile
(Free Report)
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.
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