Church & Dwight Co., Inc. (NYSE:CHD) Stock Holdings Increased by Quarry LP

Quarry LP increased its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 4,121.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,351 shares of the company’s stock after purchasing an additional 1,319 shares during the quarter. Quarry LP’s holdings in Church & Dwight were worth $140,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CHD. Nomura Holdings Inc. raised its holdings in shares of Church & Dwight by 442.1% during the fourth quarter. Nomura Holdings Inc. now owns 14,148 shares of the company’s stock valued at $1,338,000 after acquiring an additional 11,538 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in shares of Church & Dwight by 13.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 342,699 shares of the company’s stock valued at $35,755,000 after acquiring an additional 39,695 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Church & Dwight by 12.8% during the first quarter. Russell Investments Group Ltd. now owns 208,997 shares of the company’s stock valued at $21,798,000 after acquiring an additional 23,754 shares during the period. Cim LLC acquired a new stake in shares of Church & Dwight during the fourth quarter valued at approximately $3,188,000. Finally, Ossiam raised its holdings in shares of Church & Dwight by 24.3% during the fourth quarter. Ossiam now owns 42,818 shares of the company’s stock valued at $4,049,000 after acquiring an additional 8,384 shares during the period. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Stock Performance

CHD stock opened at $104.72 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average of $102.18 and a two-hundred day moving average of $104.20. The company has a market capitalization of $25.61 billion, a price-to-earnings ratio of 33.24, a P/E/G ratio of 3.86 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.

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 the consensus estimate of $0.84 by $0.09. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. Church & Dwight’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 EPS. As a group, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.43 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, August 15th. Church & Dwight’s dividend payout ratio is currently 35.87%.

Insider Buying and Selling

In related news, EVP Barry A. Bruno sold 59,328 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the completion of the sale, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $429,179.03. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley lowered shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target on the stock. in a report on Monday, September 9th. JPMorgan Chase & Co. cut their price target on shares of Church & Dwight from $101.00 to $97.00 and set an “underweight” rating on the stock in a report 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 price objective on the stock. Truist Financial dropped their price objective 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, Evercore ISI dropped their price objective on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research note on Monday, August 5th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Church & Dwight has an average rating of “Hold” and a consensus price target of $107.25.

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.