Montrusco Bolton Investments Inc. lifted its stake in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 366,739 shares of the company’s stock after purchasing an additional 12,359 shares during the period. Montrusco Bolton Investments Inc. owned approximately 0.15% of Church & Dwight worth $34,554,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in CHD. Sax Wealth Advisors LLC acquired a new stake in shares of Church & Dwight during the 3rd quarter valued at approximately $219,000. GK Wealth Management LLC acquired a new stake in shares of Church & Dwight in the 3rd quarter worth approximately $1,891,000. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Church & Dwight by 511.8% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 426,389 shares of the company’s stock worth $40,174,000 after acquiring an additional 356,700 shares during the period. Dorato Capital Management grew its holdings in shares of Church & Dwight by 14.3% in the 3rd quarter. Dorato Capital Management now owns 9,248 shares of the company’s stock worth $895,000 after acquiring an additional 1,160 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Church & Dwight by 1,545.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 56,966 shares of the company’s stock valued at $5,367,000 after purchasing an additional 53,504 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.
Church & Dwight Price Performance
CHD stock traded up $0.28 on Tuesday, reaching $100.15. The company had a trading volume of 1,655,147 shares, compared to its average volume of 2,060,072. Church & Dwight Co., Inc. has a 1 year low of $81.33 and a 1 year high of $106.04. 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 company’s fifty day moving average is $98.17 and its 200 day moving average is $96.85. The company has a market cap of $23.76 billion, a P/E ratio of 32.20, a PEG ratio of 3.49 and a beta of 0.49.
Church & Dwight Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 14th were paid a dividend of $0.3075 per share. The ex-dividend date of this dividend was 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 presently 39.55%.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on CHD. Wall Street Zen raised Church & Dwight from a “sell” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada upped their target price on Church & Dwight from $114.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Citigroup restated a “neutral” rating and issued a $105.00 price target (up from $100.00) on shares of Church & Dwight in a research report on Monday, August 3rd. Barclays lifted their price target on Church & Dwight from $79.00 to $86.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Finally, UBS Group reiterated a “neutral” rating and issued a $107.00 price objective (up from $104.00) on shares of Church & Dwight in a research report on Monday, August 3rd. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $104.06.
View Our Latest Report on Church & Dwight
Insider Buying and Selling
In related news, Director Bradley Irwin sold 4,300 shares of Church & Dwight stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $102.69, for a total transaction of $441,567.00. Following the completion of the sale, the director owned 35,674 shares in the company, valued at approximately $3,663,363.06. This trade represents a 10.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Carlos Linares sold 15,375 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $103.00, for a total transaction of $1,583,625.00. Following the completion of the transaction, the executive vice president directly owned 4,668 shares of the company’s stock, valued at $480,804. The trade was a 76.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 53,250 shares of company stock worth $5,462,048. 2.00% of the stock is owned by company insiders.
About Church & Dwight
Church & Dwight Co, Inc is a consumer packaged goods company best known for its Arm & Hammer brand. Founded in 1846, the company began by marketing baking soda and has expanded into a broad portfolio of household, personal care and specialty products.
Its consumer products include laundry detergents and additives, cat litter, cleaning products, oral care items, personal care products, condoms and pregnancy tests, vitamins and supplements, hair-care products, depilatories and water flossers.
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