Westwood Holdings Group Inc. Has $60.74 Million Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Westwood Holdings Group Inc. decreased its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 585,842 shares of the company’s stock after selling 11,318 shares during the period. Westwood Holdings Group Inc. owned 0.24% of Church & Dwight worth $60,740,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CHD. Summit Trail Advisors LLC grew its position in shares of Church & Dwight by 5.5% during the 2nd quarter. Summit Trail Advisors LLC now owns 4,151 shares of the company’s stock worth $430,000 after buying an additional 217 shares during the period. Thrivent Financial for Lutherans grew its holdings in Church & Dwight by 5.6% in the second quarter. Thrivent Financial for Lutherans now owns 28,628 shares of the company’s stock worth $2,969,000 after purchasing an additional 1,529 shares during the period. Sei Investments Co. increased its stake in Church & Dwight by 10.0% in the second quarter. Sei Investments Co. now owns 197,553 shares of the company’s stock valued at $20,482,000 after purchasing an additional 17,887 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Church & Dwight by 1.6% during the second quarter. Pacer Advisors Inc. now owns 44,099 shares of the company’s stock valued at $4,572,000 after purchasing an additional 682 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of Church & Dwight by 0.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 453,170 shares of the company’s stock worth $46,985,000 after purchasing an additional 1,400 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Trading Up 1.8 %

Shares of CHD stock opened at $103.45 on Friday. 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 market cap of $25.29 billion, a P/E ratio of 32.84, a PEG ratio of 3.55 and a beta of 0.54. The company has a 50 day moving average of $102.00 and a 200-day moving average of $104.21. 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 released its earnings results on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.09. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the business posted $0.92 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current year.

Church & Dwight Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a $0.2838 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.10%. Church & Dwight’s payout ratio is 35.87%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Argus upped their price target on Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. TD Cowen initiated coverage on Church & Dwight in a report on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 target price on the stock. Truist Financial lowered their price objective on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Monday, August 5th. JPMorgan Chase & Co. dropped their price objective on shares of Church & Dwight from $101.00 to $97.00 and set an “underweight” rating on the stock in a research note on Monday, August 5th. Finally, Morgan Stanley lowered shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price on the stock. in a report on Monday, September 9th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $106.58.

Insider Activity

In related 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 value of $5,895,423.36. Following the completion of the transaction, the executive vice president now directly owns 4,319 shares in the company, valued at approximately $429,179.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

Church & Dwight Company Profile

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.