Northwestern Mutual Wealth Management Co. purchased a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,222 shares of the company’s stock, valued at approximately $506,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Church & Dwight during the 2nd quarter worth about $25,000. Godfrey Financial Associates Inc. purchased a new position in Church & Dwight in the fourth quarter valued at approximately $25,000. Elyxium Wealth LLC acquired a new stake in Church & Dwight during the fourth quarter worth approximately $26,000. DV Equities LLC purchased a new stake in shares of Church & Dwight during the 4th quarter worth approximately $28,000. Finally, Clearstead Trust LLC acquired a new position in shares of Church & Dwight in the 2nd quarter valued at $33,000. 86.60% of the stock is owned by institutional investors and hedge funds.
Church & Dwight Trading Up 0.3%
Shares of CHD stock opened at $102.85 on Thursday. Church & Dwight Co., Inc. has a twelve month low of $81.33 and a twelve month high of $106.04. The company has a current ratio of 1.15, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $98.83 and its two-hundred day moving average is $97.68. The company has a market capitalization of $24.40 billion, a P/E ratio of 33.07, a price-to-earnings-growth ratio of 3.74 and a beta of 0.47.
Church & Dwight Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 14th. Church & Dwight’s payout ratio is 39.55%.
Insider Buying and Selling at Church & Dwight
In related news, EVP Carlos G. Linares sold 15,375 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $102.00, for a total transaction of $1,568,250.00. Following the completion of the transaction, the executive vice president directly owned 4,668 shares of the company’s stock, valued at $476,136. This represents a 76.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Arthur B. Winkleblack sold 13,200 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $102.83, for a total transaction of $1,357,356.00. Following the completion of the sale, the director owned 7,129 shares of the company’s stock, valued at approximately $733,075.07. The trade was a 64.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 79,595 shares of company stock valued at $7,985,247. Insiders own 2.00% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $109.00 price target on shares of Church & Dwight in a research note on Monday, May 4th. Wall Street Zen raised Church & Dwight from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. Barclays upped their target price on Church & Dwight from $79.00 to $86.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Evercore set a $105.00 price target on Church & Dwight in a research report on Monday, May 4th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $111.00 price objective on shares of Church & Dwight in a research note on Friday, May 29th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $104.41.
Get Our Latest Research Report on CHD
Church & Dwight Profile
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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