Sax Wealth Advisors LLC acquired a new position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,357 shares of the company’s stock, valued at approximately $227,000.
Several other hedge funds and other institutional investors have also modified their holdings of CHD. Nuveen LLC acquired a new stake in Church & Dwight during the first quarter worth $106,736,000. Vanguard Group Inc. boosted its stake in Church & Dwight by 2.4% during the first quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company’s stock worth $3,461,410,000 after buying an additional 750,575 shares in the last quarter. American Century Companies Inc. boosted its stake in Church & Dwight by 48.3% during the first quarter. American Century Companies Inc. now owns 2,115,040 shares of the company’s stock worth $232,845,000 after buying an additional 688,863 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Church & Dwight during the first quarter worth $41,743,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Church & Dwight during the first quarter worth $35,521,000. Institutional investors and hedge funds own 86.60% of the company’s stock.
Church & Dwight Stock Performance
Church & Dwight stock opened at $87.58 on Friday. The stock has a 50-day simple moving average of $91.51 and a 200 day simple moving average of $96.31. The company has a quick ratio of 1.33, a current ratio of 1.84 and a debt-to-equity ratio of 0.50. Church & Dwight Co., Inc. has a 12-month low of $85.08 and a 12-month high of $116.46. The stock has a market capitalization of $21.34 billion, a price-to-earnings ratio of 41.31, a P/E/G ratio of 3.67 and a beta of 0.43.
Church & Dwight Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $0.295 per share. The ex-dividend date was Friday, August 15th. This represents a $1.18 annualized dividend and a dividend yield of 1.3%. Church & Dwight’s payout ratio is currently 55.66%.
Insider Transactions at Church & Dwight
In other Church & Dwight news, CEO Richard A. Dierker purchased 5,470 shares of the stock in a transaction dated Tuesday, August 12th. The stock was bought at an average price of $91.57 per share, for a total transaction of $500,887.90. Following the transaction, the chief executive officer directly owned 27,212 shares in the company, valued at $2,491,802.84. This represents a 25.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael Read purchased 2,000 shares of the stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average price of $91.27 per share, with a total value of $182,540.00. Following the transaction, the executive vice president owned 7,505 shares in the company, valued at $684,981.35. This trade represents a 36.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 12,879 shares of company stock worth $1,177,702 in the last quarter. 2.00% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. UBS Group decreased their price target on shares of Church & Dwight from $103.00 to $98.00 and set a “neutral” rating on the stock in a research note on Wednesday. Wells Fargo & Company decreased their price target on shares of Church & Dwight from $108.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Redburn Partners set a $83.00 price target on shares of Church & Dwight in a research note on Monday, July 14th. JPMorgan Chase & Co. cut their price objective on Church & Dwight from $97.00 to $92.00 and set an “underweight” rating for the company in a report on Monday, August 4th. Finally, Rothschild & Co Redburn cut Church & Dwight from a “neutral” rating to a “sell” rating and set a $83.00 price objective for the company. in a report on Monday, July 14th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $100.88.
Get Our Latest Stock Report on CHD
Church & Dwight Profile
Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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