Summit Trail Advisors LLC Grows Position in Church & Dwight Co., Inc. (NYSE:CHD)

Summit Trail Advisors LLC raised its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,151 shares of the company’s stock after purchasing an additional 217 shares during the period. Summit Trail Advisors LLC’s holdings in Church & Dwight were worth $430,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Church & Dwight by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock valued at $2,861,865,000 after buying an additional 354,946 shares in the last quarter. Capital International Investors boosted its position in Church & Dwight by 1.0% during the 1st quarter. Capital International Investors now owns 9,097,575 shares of the company’s stock worth $948,968,000 after purchasing an additional 92,862 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Church & Dwight by 2.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,586,482 shares of the company’s stock valued at $786,566,000 after purchasing an additional 153,127 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of Church & Dwight by 1.8% during the first quarter. ProShare Advisors LLC now owns 1,783,412 shares of the company’s stock worth $186,028,000 after purchasing an additional 31,145 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Church & Dwight by 26.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,334,950 shares of the company’s stock worth $126,233,000 after buying an additional 277,017 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Stock Up 0.1 %

CHD stock opened at $103.51 on Tuesday. Church & Dwight Co., Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $110.31. 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 stock has a market cap of $25.31 billion, a PE ratio of 32.86, a price-to-earnings-growth ratio of 3.55 and a beta of 0.54. The firm’s 50-day simple moving average is $102.05 and its 200 day simple moving average is $104.23.

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

Church & Dwight Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently commented on CHD. Evercore ISI reduced their price target on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research report on Monday, August 5th. Morgan Stanley downgraded shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price for the company. in a research note on Monday, September 9th. Argus lifted their price target on shares of 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 started coverage on shares of Church & Dwight in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 price objective for the company. Finally, Stifel Nicolaus dropped their target price on Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $106.58.

Insider Buying and Selling at Church & Dwight

In other news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by corporate insiders.

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.