AlTi Global Inc. acquired a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) in the first quarter, HoldingsChannel reports. The institutional investor acquired 18,375 shares of the company’s stock, valued at approximately $1,715,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Church & Dwight by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,274 shares of the company’s stock valued at $2,672,000 after acquiring an additional 945 shares during the period. Empowered Funds LLC boosted its stake in shares of Church & Dwight by 18.4% in the first quarter. Empowered Funds LLC now owns 6,595 shares of the company’s stock worth $726,000 after acquiring an additional 1,024 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of Church & Dwight during the second quarter worth about $254,000. Baird Financial Group Inc. grew its position in shares of Church & Dwight by 9.0% during the second quarter. Baird Financial Group Inc. now owns 29,398 shares of the company’s stock worth $2,825,000 after purchasing an additional 2,419 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in Church & Dwight by 0.4% during the 2nd quarter. Cerity Partners LLC now owns 52,273 shares of the company’s stock valued at $5,024,000 after purchasing an additional 204 shares during the period. Institutional investors own 86.60% of the company’s stock.
Church & Dwight Stock Down 0.3%
Shares of NYSE CHD opened at $97.76 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 0.81 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a 12-month low of $81.33 and a 12-month high of $106.04. The firm’s 50-day moving average price is $96.67 and its 200-day moving average price is $95.83. The stock has a market capitalization of $23.16 billion, a price-to-earnings ratio of 32.16, a P/E/G ratio of 3.53 and a beta of 0.47.
Church & Dwight Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were given a dividend of $0.3075 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.23 annualized dividend and a dividend yield of 1.3%. Church & Dwight’s payout ratio is currently 40.46%.
Insider Activity
In other Church & Dwight news, Director Penry W. Price sold 5,960 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $94.86, for a total transaction of $565,365.60. Following the transaction, the director owned 30,070 shares in the company, valued at $2,852,440.20. The trade was a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brian D. Buchert sold 10,160 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $98.14, for a total transaction of $997,102.40. Following the completion of the sale, the executive vice president directly owned 1,286 shares in the company, valued at approximately $126,208.04. This represents a 88.76% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 47,680 shares of company stock worth $4,672,190. Company insiders own 1.20% of the company’s stock.
Analysts Set New Price Targets
CHD has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $109.00 price target on shares of Church & Dwight in a report on Monday, May 4th. The Goldman Sachs Group reiterated a “buy” rating and set a $111.00 price objective on shares of Church & Dwight in a research report on Friday, May 29th. Weiss Ratings raised shares of Church & Dwight from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. UBS Group upped their target price on shares of Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $114.00 target price on shares of Church & Dwight in a research note on Monday, June 1st. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $103.47.
Read Our Latest Stock Analysis on CHD
About Church & Dwight
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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