Gateway Advisory LLC Acquires 120 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Gateway Advisory LLC boosted its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 4.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,855 shares of the company’s stock after purchasing an additional 120 shares during the period. Gateway Advisory LLC’s holdings in Church & Dwight were worth $296,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Game Plan Financial Advisors LLC purchased a new stake in shares of Church & Dwight in the 1st quarter worth $26,000. Crewe Advisors LLC bought a new position in Church & Dwight during the first quarter valued at $28,000. Roble Belko & Company Inc purchased a new position in shares of Church & Dwight in the 1st quarter worth $31,000. Rothschild Investment LLC bought a new stake in Church & Dwight during the second quarter worth approximately $31,000. Finally, Creekmur Asset Management LLC purchased a new stake in Church & Dwight during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Wall Street Analyst Weigh In

CHD has been the subject of a number of recent analyst reports. Argus boosted their target price on shares of Church & Dwight from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Piper Sandler started coverage on Church & Dwight in a research report on Tuesday. They issued an “overweight” rating and a $120.00 price target for the company. Stifel Nicolaus lowered their target price on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, August 5th. Wells Fargo & Company dropped their price target on Church & Dwight from $116.00 to $108.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, BNP Paribas began coverage on Church & Dwight in a research report on Monday, June 24th. They issued a “neutral” rating and a $114.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $107.25.

Church & Dwight Stock Up 0.1 %

Shares of CHD opened at $103.51 on Tuesday. The firm has a market cap of $25.31 billion, a P/E ratio of 32.86, a PEG ratio of 3.55 and a beta of 0.54. The stock’s 50 day moving average is $102.05 and its two-hundred day moving average is $104.23. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. 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 posted its quarterly earnings data on Friday, August 2nd. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.84 by $0.09. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. Church & Dwight’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 EPS. Analysts predict that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP Barry A. Bruno sold 59,328 shares of the 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 sale, the executive vice president now owns 4,319 shares of the company’s stock, valued at approximately $429,179.03. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight 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.