Asset Management One Co. Ltd. increased its stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 8.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 181,239 shares of the company’s stock after purchasing an additional 13,923 shares during the period. Asset Management One Co. Ltd.’s holdings in Church & Dwight were worth $17,419,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of CHD. GAMMA Investing LLC increased its position in shares of Church & Dwight by 14.4% in the first quarter. GAMMA Investing LLC now owns 7,829 shares of the company’s stock worth $862,000 after purchasing an additional 983 shares during the period. Golden State Wealth Management LLC grew its position in Church & Dwight by 140.7% in the first quarter. Golden State Wealth Management LLC now owns 1,177 shares of the company’s stock valued at $130,000 after acquiring an additional 688 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Church & Dwight by 4.3% in the first quarter. Sequoia Financial Advisors LLC now owns 11,792 shares of the company’s stock valued at $1,298,000 after acquiring an additional 481 shares during the last quarter. Diversified Trust Co grew its position in Church & Dwight by 8.1% in the first quarter. Diversified Trust Co now owns 2,750 shares of the company’s stock valued at $303,000 after acquiring an additional 207 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Church & Dwight by 9.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,916 shares of the company’s stock valued at $4,137,000 after acquiring an additional 3,254 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.
Church & Dwight Stock Performance
Shares of CHD stock opened at $85.87 on Friday. The business’s 50-day moving average price is $90.40 and its 200-day moving average price is $94.76. Church & Dwight Co., Inc. has a 12 month low of $85.08 and a 12 month high of $116.46. The firm has a market capitalization of $20.92 billion, a price-to-earnings ratio of 40.51, a PEG ratio of 3.70 and a beta of 0.43. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50.
Church & Dwight Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, August 15th. Church & Dwight’s payout ratio is currently 55.66%.
Analysts Set New Price Targets
CHD has been the topic of a number of recent analyst reports. Citigroup decreased their target price on Church & Dwight from $88.00 to $85.00 and set a “sell” rating on the stock in a research report on Thursday, October 9th. Bank of America decreased their target price on Church & Dwight from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their target price on Church & Dwight from $97.00 to $92.00 and set an “underweight” rating on the stock in a research report on Monday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Church & Dwight in a research report on Wednesday, October 8th. Finally, Evercore ISI decreased their target price on Church & Dwight from $102.00 to $101.00 and set an “in-line” rating on the stock in a research report on Monday, August 4th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $100.00.
Read Our Latest Stock Analysis on CHD
Insider Buying and Selling
In related news, EVP Lee B. Mcchesney acquired 5,409 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were bought at an average cost of $91.38 per share, with a total value of $494,274.42. Following the completion of the purchase, the executive vice president directly owned 5,409 shares in the company, valued at $494,274.42. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Michael Read acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 5th. The stock was bought at an average cost of $91.27 per share, for a total transaction of $182,540.00. Following the completion of the purchase, the executive vice president owned 7,505 shares of the company’s stock, valued at $684,981.35. This trade represents a 36.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 12,879 shares of company stock valued at $1,177,702 over the last ninety days. 2.00% of the stock is owned by company insiders.
About Church & Dwight
Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.
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