Kimelman & Baird LLC Buys New Position in Church & Dwight Co., Inc. (NYSE:CHD)

Kimelman & Baird LLC purchased a new position in Church & Dwight Co., Inc. (NYSE:CHD) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 440 shares of the company’s stock, valued at approximately $46,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of CHD. Quarry LP raised its holdings in shares of Church & Dwight by 4,121.9% in the 2nd quarter. Quarry LP now owns 1,351 shares of the company’s stock worth $140,000 after purchasing an additional 1,319 shares in the last quarter. Front Row Advisors LLC bought a new position in shares of Church & Dwight in the second quarter valued at $203,000. Creative Planning increased its holdings in shares of Church & Dwight by 3.5% in the second quarter. Creative Planning now owns 52,856 shares of the company’s stock valued at $5,480,000 after buying an additional 1,772 shares in the last quarter. Ascent Group LLC lifted its position in shares of Church & Dwight by 17.7% during the 2nd quarter. Ascent Group LLC now owns 23,902 shares of the company’s stock valued at $2,478,000 after acquiring an additional 3,591 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC boosted its stake in shares of Church & Dwight by 626.4% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 108,240 shares of the company’s stock worth $11,222,000 after acquiring an additional 93,340 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHD has been the topic of a number of recent analyst reports. BNP Paribas began coverage on Church & Dwight in a research report on Monday, June 24th. They set a “neutral” rating and a $114.00 target price on the stock. Wells Fargo & Company cut their price objective on Church & Dwight from $116.00 to $108.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Morgan Stanley cut 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 report on Monday, September 9th. Evercore ISI cut their price target on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a report on Monday, August 5th. Finally, TD Cowen began coverage on shares of Church & Dwight in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 price objective for the company. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $107.25.

Church & Dwight Trading Up 0.3 %

Shares of NYSE CHD opened at $104.72 on Tuesday. The stock has a market cap of $25.61 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 3.86 and a beta of 0.54. The business has a 50 day simple moving average of $102.18 and a 200 day simple moving average of $104.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.53. Church & Dwight Co., Inc. has a 52 week low of $82.25 and a 52 week high of $110.31.

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

Church & Dwight Dividend Announcement

The business also recently declared 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 of this dividend was Thursday, August 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.08%. Church & Dwight’s dividend payout ratio is currently 35.87%.

Insider Transactions at Church & Dwight

In related news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by corporate 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.