Abner Herrman & Brock LLC Takes $200,000 Position in Church & Dwight Co., Inc. (NYSE:CHD)

Abner Herrman & Brock LLC acquired a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,000 shares of the company’s stock, valued at approximately $200,000.

Other large investors also recently added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Church & Dwight during the first quarter worth about $29,000. Quintet Private Bank Europe S.A. acquired a new position in shares of Church & Dwight during the first quarter valued at approximately $30,000. Tradition Wealth Management LLC purchased a new position in shares of Church & Dwight in the first quarter valued at approximately $35,000. Old North State Trust LLC lifted its position in shares of Church & Dwight by 88.6% in the first quarter. Old North State Trust LLC now owns 796 shares of the company’s stock valued at $37,000 after acquiring an additional 374 shares in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of Church & Dwight in the fourth quarter worth approximately $38,000. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Church & Dwight

In other Church & Dwight news, CEO Matthew Farrell sold 132,881 shares of Church & Dwight stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $96.00, for a total transaction of $12,756,576.00. Following the transaction, the chief executive officer now owns 112,444 shares of the company’s stock, valued at $10,794,624. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Richard A. Dierker sold 90,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $95.80, for a total transaction of $8,622,000.00. Following the completion of the sale, the chief financial officer now owns 7,544 shares in the company, valued at $722,715.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew Farrell sold 132,881 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $96.00, for a total value of $12,756,576.00. Following the transaction, the chief executive officer now directly owns 112,444 shares in the company, valued at approximately $10,794,624. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 258,348 shares of company stock worth $24,793,650. Corporate insiders own 2.00% of the company’s stock.

Church & Dwight Stock Down 0.6 %

NYSE:CHD traded down $0.61 during midday trading on Thursday, reaching $95.09. The company had a trading volume of 158,141 shares, compared to its average volume of 1,395,168. The stock’s fifty day simple moving average is $96.02 and its 200-day simple moving average is $93.31. The company has a current ratio of 1.41, a quick ratio of 0.80 and a debt-to-equity ratio of 0.61. Church & Dwight Co., Inc. has a 12-month low of $70.16 and a 12-month high of $100.52. The firm has a market capitalization of $23.40 billion, a price-to-earnings ratio of 53.16, a PEG ratio of 3.88 and a beta of 0.47.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, July 28th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.13. Church & Dwight had a return on equity of 21.12% and a net margin of 7.93%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.17 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were given a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Monday, August 14th. Church & Dwight’s dividend payout ratio (DPR) is 60.56%.

Wall Street Analysts Forecast Growth

CHD has been the topic of a number of research reports. Barclays raised their price objective on Church & Dwight from $78.00 to $82.00 and gave the company an “underweight” rating in a report on Tuesday, August 1st. Royal Bank of Canada lifted their price objective on Church & Dwight from $91.00 to $94.00 and gave the stock a “sector perform” rating in a research report on Monday, July 31st. Jefferies Financial Group upped their target price on Church & Dwight from $111.00 to $113.00 in a report on Wednesday, June 21st. Deutsche Bank Aktiengesellschaft lifted their price target on Church & Dwight from $107.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Finally, Truist Financial upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and boosted their target price for the company from $95.00 to $105.00 in a report on Monday, August 28th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $93.31.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.