Bank of Montreal Can Buys 31,035 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Bank of Montreal Can increased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 13.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 258,927 shares of the company’s stock after acquiring an additional 31,035 shares during the period. Bank of Montreal Can owned approximately 0.11% of Church & Dwight worth $27,221,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Game Plan Financial Advisors LLC purchased a new stake in Church & Dwight in the first quarter valued at approximately $26,000. Crewe Advisors LLC bought a new position in Church & Dwight in the first quarter valued at $28,000. Roble Belko & Company Inc purchased a new stake in Church & Dwight during the first quarter valued at about $31,000. Rothschild Investment LLC bought a new stake in Church & Dwight during the second quarter worth about $31,000. Finally, Creekmur Asset Management LLC purchased a new position in shares of Church & Dwight in the 4th quarter worth about $32,000. 86.60% of the stock is owned by institutional investors.

Church & Dwight Stock Up 1.4 %

CHD stock opened at $104.33 on Friday. 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 market capitalization of $25.54 billion, a price-to-earnings ratio of 33.12, a price-to-earnings-growth ratio of 3.81 and a beta of 0.54. The business’s 50 day moving average price is $102.06 and its two-hundred day moving average price is $104.21. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.53.

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

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Thursday, August 15th. Church & Dwight’s payout ratio is currently 35.87%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CHD shares. Wells Fargo & Company decreased their price objective on Church & Dwight from $116.00 to $108.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Truist Financial lowered their price target on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Monday, August 5th. TD Cowen started coverage on Church & Dwight in a research note on Tuesday, July 23rd. They set a “buy” rating and a $116.00 price objective on the stock. Piper Sandler assumed coverage on Church & Dwight in a research note on Tuesday. They issued an “overweight” rating and a $120.00 target price for the company. Finally, Evercore ISI reduced their price target on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research report on Monday, August 5th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $107.25.

Insider Transactions at Church & Dwight

In other news, EVP Barry A. Bruno sold 59,328 shares of the stock in a transaction on 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 sale, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at $429,179.03. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

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.