Intech Investment Management LLC Purchases 15,605 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Intech Investment Management LLC grew its position in Church & Dwight Co., Inc. (NYSE:CHD) by 12.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 142,691 shares of the company’s stock after acquiring an additional 15,605 shares during the quarter. Intech Investment Management LLC owned 0.06% of Church & Dwight worth $14,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Financial Advocates Investment Management lifted its position in Church & Dwight by 6.7% during the fourth quarter. Financial Advocates Investment Management now owns 2,477 shares of the company’s stock valued at $234,000 after purchasing an additional 155 shares during the last quarter. UBS Group AG grew its position in Church & Dwight by 16.1% in the fourth quarter. UBS Group AG now owns 619,433 shares of the company’s stock worth $58,574,000 after acquiring an additional 86,045 shares in the last quarter. Corient Private Wealth LLC increased its stake in Church & Dwight by 168.3% during the fourth quarter. Corient Private Wealth LLC now owns 377,739 shares of the company’s stock worth $35,719,000 after acquiring an additional 236,966 shares during the last quarter. Assetmark Inc. raised its position in Church & Dwight by 18.8% during the fourth quarter. Assetmark Inc. now owns 891 shares of the company’s stock valued at $84,000 after purchasing an additional 141 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Church & Dwight by 0.4% in the 4th quarter. Franklin Resources Inc. now owns 540,701 shares of the company’s stock valued at $51,129,000 after purchasing an additional 2,079 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CHD shares. Morgan Stanley downgraded Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price on the stock. in a research report on Monday, September 9th. Truist Financial dropped 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. BNP Paribas began coverage on shares of Church & Dwight in a research report on Monday, June 24th. They issued a “neutral” rating and a $114.00 price objective on the stock. Stifel Nicolaus dropped their target price on Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, August 5th. Finally, Argus increased their price target on Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Church & Dwight has an average rating of “Hold” and an average price target of $106.58.

Church & Dwight Trading Down 1.0 %

NYSE:CHD opened at $101.58 on Friday. The firm has a 50 day moving average of $102.02 and a 200 day moving average of $104.19. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. Church & Dwight Co., Inc. has a 52 week low of $82.25 and a 52 week high of $110.31. The stock has a market capitalization of $24.87 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 3.55 and a beta of 0.54.

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

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Thursday, August 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 35.87%.

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Barry A. Bruno sold 59,328 shares of Church & Dwight stock in a transaction that occurred 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 in the company, valued at approximately $429,179.03. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.00% of the stock is owned by insiders.

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.