Folger Nolan Fleming Douglas Capital Management Inc. lowered its position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 5.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,150 shares of the company’s stock after selling 7,932 shares during the period. Church & Dwight accounts for approximately 1.4% of Folger Nolan Fleming Douglas Capital Management Inc.’s portfolio, making the stock its 19th largest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Church & Dwight were worth $12,413,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. IAG Wealth Partners LLC grew its stake in shares of Church & Dwight by 92.9% during the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares in the last quarter. Wayfinding Financial LLC acquired a new position in Church & Dwight in the first quarter valued at $40,000. Chilton Capital Management LLC boosted its stake in Church & Dwight by 90.9% in the first quarter. Chilton Capital Management LLC now owns 420 shares of the company’s stock valued at $46,000 after acquiring an additional 200 shares in the last quarter. Motco acquired a new position in Church & Dwight in the first quarter valued at $46,000. Finally, North Capital Inc. acquired a new position in Church & Dwight in the first quarter valued at $47,000. Institutional investors and hedge funds own 86.60% of the company’s stock.
Church & Dwight Price Performance
Church & Dwight stock opened at $87.61 on Friday. Church & Dwight Co., Inc. has a 12 month low of $85.08 and a 12 month high of $116.46. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.84 and a quick ratio of 1.33. The business has a 50 day simple moving average of $91.38 and a 200-day simple moving average of $96.19. The stock has a market capitalization of $21.34 billion, a PE ratio of 41.33, a price-to-earnings-growth ratio of 3.64 and a beta of 0.43.
Church & Dwight Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a $0.295 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.18 dividend on an annualized basis and a yield of 1.3%. Church & Dwight’s dividend payout ratio (DPR) is presently 55.66%.
Wall Street Analysts Forecast Growth
CHD has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Church & Dwight from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. UBS Group decreased their price objective on shares of Church & Dwight from $103.00 to $98.00 and set a “neutral” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of Church & Dwight from $97.00 to $92.00 and set an “underweight” rating for the company in a research note on Monday, August 4th. Redburn Atlantic downgraded shares of Church & Dwight from a “hold” rating to a “strong sell” rating in a research note on Monday, July 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Church & Dwight in a research note on Wednesday. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $100.88.
View Our Latest Analysis on CHD
Insider Activity at Church & Dwight
In other news, EVP Lee B. Mcchesney acquired 5,409 shares of Church & Dwight stock in a transaction that occurred on Friday, August 8th. The stock was purchased at an average price of $91.38 per share, for a total transaction of $494,274.42. Following the completion of the transaction, the executive vice president directly owned 5,409 shares in the company, valued at approximately $494,274.42. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard A. Dierker acquired 5,470 shares of Church & Dwight stock in a transaction that occurred on Tuesday, August 12th. The stock was purchased at an average price of $91.57 per share, with a total value of $500,887.90. Following the transaction, the chief executive officer owned 27,212 shares of the company’s stock, valued at $2,491,802.84. This trade represents a 25.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 12,879 shares of company stock worth $1,177,702 over the last 90 days. Company insiders own 2.00% of the company’s stock.
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.
Read More
- Five stocks we like better than Church & Dwight
- Dividend Payout Ratio Calculator
- 3 Heavily Shorted Stocks That Could Pop on Rate Cuts
- EV Stocks and How to Profit from Them
- Broadcom Gets Second $420 Target as CPO Win Boosts Outlook
- ESG Stocks, What Investors Should Know
- PepsiCo’s Deep Discount Will Soon Evaporate: Buy It While You Can
Want to see what other hedge funds are holding CHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Church & Dwight Co., Inc. (NYSE:CHD – Free Report).
Receive News & Ratings for Church & Dwight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Church & Dwight and related companies with MarketBeat.com's FREE daily email newsletter.