YHB Investment Advisors Inc. lessened its position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,540 shares of the company’s stock after selling 434 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Church & Dwight were worth $5,166,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of CHD. Pinnacle Associates Ltd. grew its holdings in shares of Church & Dwight by 3.2% during the second quarter. Pinnacle Associates Ltd. now owns 3,325 shares of the company’s stock worth $333,000 after buying an additional 103 shares in the last quarter. Wealth Alliance grew its stake in Church & Dwight by 3.3% during the 2nd quarter. Wealth Alliance now owns 3,284 shares of the company’s stock valued at $329,000 after acquiring an additional 104 shares in the last quarter. Astoria Portfolio Advisors LLC. raised its holdings in Church & Dwight by 4.2% in the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 2,659 shares of the company’s stock valued at $261,000 after acquiring an additional 106 shares during the last quarter. Mission Wealth Management LP lifted its stake in Church & Dwight by 0.8% in the 2nd quarter. Mission Wealth Management LP now owns 13,927 shares of the company’s stock worth $1,396,000 after purchasing an additional 106 shares in the last quarter. Finally, New Hampshire Trust boosted its holdings in shares of Church & Dwight by 4.9% during the 2nd quarter. New Hampshire Trust now owns 2,408 shares of the company’s stock worth $241,000 after purchasing an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 82.79% of the company’s stock.
Insider Buying and Selling at Church & Dwight
In other Church & Dwight news, CEO Matthew Farrell sold 132,881 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 112,444 shares in the company, valued at $10,794,624. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.00% of the stock is currently owned by insiders.
Church & Dwight Stock Up 0.8 %
Church & Dwight (NYSE:CHD – Get Free Report) last issued its earnings results on Friday, November 3rd. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.06. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.44 billion. Church & Dwight had a return on equity of 20.55% and a net margin of 7.57%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company earned $0.76 EPS. As a group, sell-side analysts expect that Church & Dwight Co., Inc. will post 3.16 earnings per share for the current fiscal year.
Church & Dwight Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a $0.2725 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.09 dividend on an annualized basis and a yield of 1.18%. Church & Dwight’s dividend payout ratio (DPR) is presently 62.29%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on CHD shares. 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. Raymond James upgraded Church & Dwight from an “underperform” rating to a “market perform” rating in a report on Monday, October 23rd. The Goldman Sachs Group dropped their price objective on shares of Church & Dwight from $100.00 to $89.00 and set a “neutral” rating for the company in a report on Monday, November 6th. JPMorgan Chase & Co. lifted their target price on shares of Church & Dwight from $91.00 to $93.00 and gave the stock an “underweight” rating in a research note on Thursday, October 12th. Finally, Morgan Stanley lifted their price target on shares of Church & Dwight from $106.00 to $114.00 and gave the company an “overweight” rating in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $95.25.
Check Out Our Latest Report on CHD
Church & Dwight 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.
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