Amalgamated Bank Reduces Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Amalgamated Bank trimmed its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 6.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,662 shares of the company’s stock after selling 3,429 shares during the quarter. Amalgamated Bank’s holdings in Church & Dwight were worth $5,149,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Axxcess Wealth Management LLC increased its position in Church & Dwight by 4.9% in the second quarter. Axxcess Wealth Management LLC now owns 9,729 shares of the company’s stock worth $1,009,000 after buying an additional 454 shares in the last quarter. Virtu Financial LLC purchased a new stake in Church & Dwight in the 2nd quarter worth approximately $1,359,000. Citizens Financial Group Inc. RI raised its stake in Church & Dwight by 9.0% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 5,395 shares of the company’s stock worth $559,000 after acquiring an additional 446 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Church & Dwight by 15.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,168,866 shares of the company’s stock valued at $121,191,000 after purchasing an additional 159,233 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Church & Dwight by 2.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,586,482 shares of the company’s stock worth $786,566,000 after purchasing an additional 153,127 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. TD Cowen assumed coverage on Church & Dwight in a report on Tuesday, July 23rd. They set a “buy” rating and a $116.00 price target on the stock. Evercore ISI cut their target price on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a research note on Monday, August 5th. Truist Financial dropped their price objective on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday, August 5th. BNP Paribas initiated coverage on Church & Dwight in a report on Monday, June 24th. They issued a “neutral” rating and a $114.00 target price on the stock. Finally, Wells Fargo & Company dropped their price target on Church & Dwight from $116.00 to $108.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $106.58.

Church & Dwight Stock Up 1.8 %

NYSE:CHD opened at $103.45 on Friday. 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 1-year low of $82.25 and a 1-year high of $110.31. The firm has a market cap of $25.33 billion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 3.55 and a beta of 0.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98.

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 company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 earnings per share. As a group, research analysts anticipate that Church & Dwight Co., Inc. will post 3.43 EPS for the current fiscal year.

Church & Dwight Announces Dividend

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

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 shares were sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the sale, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at $429,179.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is currently owned by company 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.