Envestnet Asset Management Inc. Buys 10,618 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Envestnet Asset Management Inc. increased its position in Church & Dwight Co., Inc. (NYSE:CHD) by 3.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 314,741 shares of the company’s stock after acquiring an additional 10,618 shares during the quarter. Envestnet Asset Management Inc. owned about 0.13% of Church & Dwight worth $32,632,000 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 position in shares of Church & Dwight during the 1st quarter valued at $26,000. Crewe Advisors LLC purchased a new position in Church & Dwight during the first quarter worth about $28,000. Roble Belko & Company Inc bought a new position in Church & Dwight in the 1st quarter worth about $31,000. Rothschild Investment LLC purchased a new stake in shares of Church & Dwight in the 2nd quarter valued at about $31,000. Finally, Creekmur Asset Management LLC bought a new stake in shares of Church & Dwight during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Up 1.8 %

Shares of NYSE CHD 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. Church & Dwight Co., Inc. has a 52 week low of $82.25 and a 52 week high of $110.31. The firm’s fifty day moving average is $102.00 and its 200 day moving average is $104.21. The company has a market cap of $25.33 billion, a price-to-earnings ratio of 32.84, a PEG ratio of 3.55 and a beta of 0.54.

Church & Dwight (NYSE:CHD) last issued 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 for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts expect that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current year.

Church & Dwight Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently weighed in on CHD shares. Wells Fargo & Company decreased their price objective on shares of Church & Dwight from $116.00 to $108.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. BNP Paribas initiated coverage on shares of Church & Dwight in a research report on Monday, June 24th. They set a “neutral” rating and a $114.00 price objective on the stock. Morgan Stanley lowered 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 report on Monday, September 9th. JPMorgan Chase & Co. lowered their price target on Church & Dwight from $101.00 to $97.00 and set an “underweight” rating on the stock in a research report on Monday, August 5th. Finally, Barclays upped their price objective on Church & Dwight from $80.00 to $82.00 and gave the stock an “underweight” rating in a report on Tuesday, August 6th. Three equities 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $106.58.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $429,179.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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.