Riverview Trust Co Takes $99,000 Position in Church & Dwight Co., Inc. (NYSE:CHD)

Riverview Trust Co bought a new position in Church & Dwight Co., Inc. (NYSE:CHD) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 948 shares of the company’s stock, valued at approximately $99,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. purchased a new position in Church & Dwight during the 3rd quarter valued at approximately $714,000. Envestnet Asset Management Inc. raised its stake in Church & Dwight by 55.5% during the third quarter. Envestnet Asset Management Inc. now owns 271,233 shares of the company’s stock valued at $24,853,000 after purchasing an additional 96,812 shares in the last quarter. Nordea Investment Management AB lifted its position in Church & Dwight by 7.6% during the third quarter. Nordea Investment Management AB now owns 16,111 shares of the company’s stock valued at $1,489,000 after purchasing an additional 1,133 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Church & Dwight in the 3rd quarter worth $237,000. Finally, LPL Financial LLC grew its stake in shares of Church & Dwight by 2.5% in the 3rd quarter. LPL Financial LLC now owns 120,999 shares of the company’s stock worth $11,087,000 after buying an additional 2,943 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Performance

CHD stock opened at $104.85 on Wednesday. The firm has a 50-day simple moving average of $106.77 and a two-hundred day simple moving average of $101.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 1.33. Church & Dwight Co., Inc. has a one year low of $82.25 and a one year high of $110.31. The firm has a market cap of $25.64 billion, a price-to-earnings ratio of 33.29, a PEG ratio of 3.51 and a beta of 0.51.

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

Church & Dwight Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays lowered their price target on shares of Church & Dwight from $83.00 to $82.00 and set an “underweight” rating for the company in a report on Monday, May 6th. Evercore ISI boosted their target price on Church & Dwight from $107.00 to $110.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. BNP Paribas started coverage on Church & Dwight in a report on Monday. They issued a “neutral” rating and a $114.00 price target on the stock. Bank of America boosted their price objective on Church & Dwight from $100.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Finally, The Goldman Sachs Group began coverage on Church & Dwight in a research note on Friday, March 1st. They issued a “buy” rating and a $110.00 target price on the stock. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $106.65.

Insider Activity at Church & Dwight

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

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.