Optivise Advisory Services LLC lifted its stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 30.8% in the second quarter, HoldingsChannel reports. The fund owned 2,452 shares of the company’s stock after purchasing an additional 578 shares during the quarter. Optivise Advisory Services LLC’s holdings in Church & Dwight were worth $236,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Church & Dwight by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company’s stock worth $3,461,410,000 after purchasing an additional 750,575 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Church & Dwight by 0.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,269,079 shares of the company’s stock valued at $319,193,000 after buying an additional 29,369 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Church & Dwight by 2.6% in the first quarter. Northern Trust Corp now owns 3,097,722 shares of the company’s stock valued at $341,028,000 after buying an additional 79,170 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Church & Dwight by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,558,231 shares of the company’s stock valued at $281,636,000 after buying an additional 153,270 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Church & Dwight by 48.3% in the first quarter. American Century Companies Inc. now owns 2,115,040 shares of the company’s stock valued at $232,845,000 after buying an additional 688,863 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.
Church & Dwight Stock Up 0.3%
CHD stock opened at $86.55 on Wednesday. Church & Dwight Co., Inc. has a 52-week low of $81.33 and a 52-week high of $116.46. The company’s 50 day simple moving average is $89.14 and its 200-day simple moving average is $93.68. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.84 and a quick ratio of 1.33. The firm has a market capitalization of $21.08 billion, a P/E ratio of 40.82, a P/E/G ratio of 3.52 and a beta of 0.43.
Church & Dwight Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, November 14th. Church & Dwight’s payout ratio is currently 37.11%.
Insider Buying and Selling at Church & Dwight
In related news, CEO Richard A. Dierker purchased 5,470 shares of the stock in a transaction dated Tuesday, August 12th. The shares were acquired at an average cost of $91.57 per share, for a total transaction of $500,887.90. Following the acquisition, the chief executive officer directly owned 27,212 shares in the company, valued at approximately $2,491,802.84. The trade was a 25.16% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Lee B. Mcchesney purchased 5,409 shares of the stock in a transaction dated Friday, August 8th. The shares were bought at an average price of $91.38 per share, for a total transaction of $494,274.42. Following the completion of the acquisition, the executive vice president owned 5,409 shares in the company, valued at $494,274.42. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 2.00% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on CHD shares. Redburn Partners set a $83.00 price target on Church & Dwight in a report on Monday, July 14th. Evercore ISI dropped their price target on Church & Dwight from $102.00 to $101.00 and set an “in-line” rating on the stock in a report on Monday, August 4th. Citigroup dropped their price target on Church & Dwight from $88.00 to $85.00 and set a “sell” rating on the stock in a report on Thursday, October 9th. Redburn Atlantic lowered shares of Church & Dwight from a “hold” rating to a “strong sell” rating in a report on Monday, July 14th. Finally, Bank of America cut their price target on shares of Church & Dwight from $120.00 to $105.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $99.00.
View Our Latest Analysis on CHD
Church & Dwight Profile
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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