Signaturefd LLC Raises Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Signaturefd LLC raised its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 2.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,747 shares of the company’s stock after buying an additional 210 shares during the period. Signaturefd LLC’s holdings in Church & Dwight were worth $803,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CHD. Norges Bank purchased a new position in shares of Church & Dwight during the 4th quarter worth approximately $259,967,000. Capital International Investors increased its stake in shares of Church & Dwight by 39.2% during the 4th quarter. Capital International Investors now owns 9,004,713 shares of the company’s stock worth $851,414,000 after purchasing an additional 2,533,877 shares in the last quarter. Capital Research Global Investors purchased a new position in shares of Church & Dwight during the 1st quarter worth approximately $69,384,000. Vanguard Group Inc. increased its stake in shares of Church & Dwight by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock worth $2,861,865,000 after purchasing an additional 354,946 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Church & Dwight by 26.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,334,950 shares of the company’s stock worth $126,233,000 after purchasing an additional 277,017 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Stock Performance

NYSE:CHD opened at $101.88 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $24.91 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 3.44 and a beta of 0.52. The firm’s fifty day simple moving average is $102.38 and its 200 day simple moving average is $103.65. Church & Dwight Co., Inc. has a twelve month low of $82.25 and a twelve month high of $110.31.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.09. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts expect that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be given a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, August 15th. Church & Dwight’s payout ratio is currently 35.87%.

Analyst Upgrades and Downgrades

CHD has been the topic of a number of analyst reports. HSBC raised their target price on shares of Church & Dwight from $110.00 to $114.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Morgan Stanley decreased their target price on shares of Church & Dwight from $114.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. TD Cowen initiated coverage on shares of Church & Dwight in a research report on Tuesday, July 23rd. They set a “buy” rating and a $116.00 target price on the stock. BNP Paribas initiated coverage on shares of Church & Dwight in a research report on Monday, June 24th. They set a “neutral” rating and a $114.00 target price on the stock. Finally, Argus raised their target price on shares of Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $106.58.

Insider Transactions at Church & Dwight

In other news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the sale, the executive vice president now owns 4,319 shares of the company’s stock, valued at approximately $429,179.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Ravichandra Krishnamu Saligram sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $107.67, for a total transaction of $2,153,400.00. Following the completion of the sale, the director now owns 13,793 shares of the company’s stock, valued at approximately $1,485,092.31. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at $429,179.03. The disclosure for this sale can be found here. In the last 90 days, insiders sold 220,722 shares of company stock valued at $23,139,816. Insiders own 2.00% of the company’s stock.

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.