Janus Henderson Group PLC lifted its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 47.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,737 shares of the company’s stock after acquiring an additional 11,561 shares during the quarter. Janus Henderson Group PLC’s holdings in Church & Dwight were worth $3,336,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of the stock. Walter Public Investments Inc. purchased a new stake in shares of Church & Dwight in the 1st quarter valued at approximately $5,721,000. Tandem Investment Advisors Inc. boosted its position in shares of Church & Dwight by 11.6% during the 4th quarter. Tandem Investment Advisors Inc. now owns 797,733 shares of the company’s stock worth $66,890,000 after acquiring an additional 82,833 shares in the last quarter. Swiss Life Asset Management Ltd increased its holdings in shares of Church & Dwight by 122.6% in the 4th quarter. Swiss Life Asset Management Ltd now owns 141,837 shares of the company’s stock valued at $11,893,000 after acquiring an additional 78,107 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Church & Dwight during the 1st quarter worth about $1,129,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Church & Dwight during the first quarter worth approximately $2,382,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.
Church & Dwight Price Performance
Church & Dwight stock opened at $103.34 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.15 and a quick ratio of 0.69. The business has a 50 day simple moving average of $97.71 and a 200-day simple moving average of $97.07. Church & Dwight Co., Inc. has a 12 month low of $81.33 and a 12 month high of $106.04. The stock has a market capitalization of $24.51 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 3.78 and a beta of 0.47.
Church & Dwight Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a dividend of $0.3075 per share. This represents a $1.23 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 14th. Church & Dwight’s dividend payout ratio is currently 39.55%.
Insider Transactions at Church & Dwight
In related news, EVP Carlos G. Linares sold 10,000 shares of Church & Dwight stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $99.71, for a total value of $997,100.00. Following the sale, the executive vice president directly owned 4,668 shares in the company, valued at $465,446.28. The trade was a 68.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian D. Buchert sold 10,160 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $98.14, for a total value of $997,102.40. Following the completion of the transaction, the executive vice president owned 1,286 shares of the company’s stock, valued at $126,208.04. The trade was a 88.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 60,880 shares of company stock valued at $6,029,546 over the last 90 days. Insiders own 2.00% of the company’s stock.
Wall Street Analyst Weigh In
CHD has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of Church & Dwight from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. TD Cowen set a $97.00 target price on Church & Dwight and gave the stock a “hold” rating in a research report on Monday. Jefferies Financial Group reissued a “buy” rating and issued a $115.00 target price on shares of Church & Dwight in a research report on Monday. Evercore set a $105.00 price objective on Church & Dwight in a report on Monday, May 4th. Finally, Morgan Stanley set a $112.00 target price on shares of Church & Dwight in a report on Monday. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $104.41.
View Our Latest Analysis on CHD
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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