Commerce Bank acquired a new position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 109,149 shares of the company’s stock, valued at approximately $10,574,000.
Several other hedge funds have also recently bought and sold shares of CHD. Edmond DE Rothschild Holding S.A. bought a new position in shares of Church & Dwight in the 2nd quarter valued at approximately $25,000. Godfrey Financial Associates Inc. bought a new stake in Church & Dwight during the fourth quarter worth approximately $25,000. Elyxium Wealth LLC acquired a new position in Church & Dwight during the fourth quarter valued at approximately $26,000. DV Equities LLC acquired a new position in Church & Dwight during the fourth quarter valued at approximately $28,000. Finally, Clearstead Trust LLC acquired a new position in Church & Dwight during the second quarter valued at approximately $33,000. 86.60% of the stock is owned by institutional investors and hedge funds.
Church & Dwight Stock Performance
Shares of NYSE CHD opened at $98.79 on Monday. The company has a quick ratio of 0.69, a current ratio of 1.15 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $98.56 and its two-hundred day moving average is $97.62. The company has a market cap of $23.43 billion, a P/E ratio of 31.77, a P/E/G ratio of 3.60 and a beta of 0.47. Church & Dwight Co., Inc. has a 12 month low of $81.33 and a 12 month high of $106.04.
Church & Dwight Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a $0.3075 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.2%. Church & Dwight’s dividend payout ratio (DPR) is currently 39.55%.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. TD Cowen set a $97.00 price objective on shares of Church & Dwight and gave the stock a “hold” rating in a research note on Monday, August 3rd. UBS Group reiterated a “neutral” rating and issued a $107.00 target price (up from $104.00) on shares of Church & Dwight in a research note on Monday, August 3rd. Wells Fargo & Company reiterated an “overweight” rating and issued a $110.00 target price (up from $105.00) on shares of Church & Dwight in a report on Wednesday, July 8th. JPMorgan Chase & Co. boosted their target price on shares of Church & Dwight from $99.00 to $105.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada boosted their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $104.41.
Get Our Latest Stock Report on Church & Dwight
Insider Transactions at Church & Dwight
In other Church & Dwight news, Director Robert K. Shearer sold 8,600 shares of Church & Dwight stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $97.97, for a total transaction of $842,542.00. Following the sale, the director owned 30,678 shares in the company, valued at $3,005,523.66. The trade was a 21.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Arthur B. Winkleblack sold 13,200 shares of Church & Dwight stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $102.83, for a total transaction of $1,357,356.00. Following the sale, the director owned 7,129 shares in the company, valued at approximately $733,075.07. This trade represents a 64.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 59,220 shares of company stock valued at $5,905,747 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.
Church & Dwight Company Profile
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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