Triton Financial Group Inc bought a new stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,118 shares of the company’s stock, valued at approximately $1,465,000.
Several other hedge funds also recently made changes to their positions in CHD. Godfrey Financial Associates Inc. purchased a new position in Church & Dwight during the fourth quarter valued at $25,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Church & Dwight in the 2nd quarter worth about $25,000. Elyxium Wealth LLC purchased a new position in Church & Dwight during the 4th quarter valued at about $26,000. DV Equities LLC bought a new stake in Church & Dwight during the fourth quarter worth about $28,000. Finally, GW&K Investment Management LLC grew its holdings in Church & Dwight by 83.0% in the fourth quarter. GW&K Investment Management LLC now owns 344 shares of the company’s stock worth $29,000 after purchasing an additional 156 shares during the period. 86.60% of the stock is currently owned by institutional investors.
Church & Dwight Price Performance
Shares of NYSE:CHD opened at $102.40 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.15. The firm has a market cap of $24.29 billion, a price-to-earnings ratio of 32.92, a price-to-earnings-growth ratio of 3.75 and a beta of 0.47. The business has a 50-day simple moving average of $98.97 and a two-hundred day simple moving average of $97.69. Church & Dwight Co., Inc. has a fifty-two week low of $81.33 and a fifty-two week high of $106.04.
Church & Dwight Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 14th. Church & Dwight’s dividend payout ratio (DPR) is 39.55%.
Analysts Set New Price Targets
A number of brokerages have weighed in on CHD. JPMorgan Chase & Co. raised their target price on shares of Church & Dwight from $99.00 to $105.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded Church & Dwight from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Barclays raised their price objective on Church & Dwight from $79.00 to $86.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Jefferies Financial Group reiterated a “buy” rating and set a $115.00 price objective on shares of Church & Dwight in a research note on Monday, August 3rd. Finally, Citigroup reissued a “neutral” rating and issued a $105.00 target price (up from $100.00) on shares of Church & Dwight in a report on Monday, August 3rd. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and an average target price of $104.41.
Check Out Our Latest Stock Analysis on Church & Dwight
Insider Transactions at Church & Dwight
In related news, EVP Carlos G. Linares sold 15,375 shares of Church & Dwight stock in a transaction on Monday, August 24th. The stock was sold at an average price of $102.00, for a total value of $1,568,250.00. Following the completion of the sale, the executive vice president owned 4,668 shares of the company’s stock, valued at $476,136. The trade was a 76.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Arthur B. Winkleblack sold 13,200 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $102.83, for a total value of $1,357,356.00. Following the completion of the transaction, the director directly owned 7,129 shares in the company, valued at approximately $733,075.07. This represents a 64.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 94,970 shares of company stock worth $9,568,872. Company insiders own 2.00% of the company’s stock.
Church & Dwight 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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