Focus Financial Network Inc. Buys 200 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Focus Financial Network Inc. grew its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 5.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,867 shares of the company’s stock after purchasing an additional 200 shares during the period. Focus Financial Network Inc.’s holdings in Church & Dwight were worth $426,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Strategic Financial Concepts LLC bought a new stake in shares of Church & Dwight during the 4th quarter worth approximately $39,000. Bernard Wealth Management Corp. bought a new stake in shares of Church & Dwight during the 4th quarter worth approximately $40,000. Versant Capital Management Inc raised its position in Church & Dwight by 42.1% during the 1st quarter. Versant Capital Management Inc now owns 378 shares of the company’s stock valued at $42,000 after purchasing an additional 112 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in Church & Dwight during the 4th quarter valued at $43,000. Finally, Banque Transatlantique SA bought a new stake in Church & Dwight during the 4th quarter valued at $46,000. 86.60% of the stock is owned by institutional investors.

Church & Dwight Stock Down 2.1%

Shares of NYSE CHD opened at $97.04 on Friday. The stock has a market cap of $23.90 billion, a P/E ratio of 40.95, a PEG ratio of 3.32 and a beta of 0.52. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. Church & Dwight Co., Inc. has a 12-month low of $90.99 and a 12-month high of $116.46. The business’s fifty day simple moving average is $98.41 and its 200-day simple moving average is $103.98.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.02. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the firm earned $0.96 earnings per share. As a group, equities analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Thursday, May 15th. Church & Dwight’s dividend payout ratio is presently 50.64%.

Insider Buying and Selling at Church & Dwight

In other news, EVP Michael Read acquired 3,000 shares of the company’s stock in a transaction on Friday, May 9th. The shares were bought at an average price of $92.07 per share, with a total value of $276,210.00. Following the completion of the acquisition, the executive vice president now owns 5,505 shares in the company, valued at $506,845.35. This trade represents a 119.76% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard A. Dierker acquired 7,950 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were purchased at an average cost of $94.66 per share, for a total transaction of $752,547.00. Following the acquisition, the chief executive officer now owns 16,358 shares of the company’s stock, valued at approximately $1,548,448.28. The trade was a 94.55% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 44,195 shares of company stock worth $4,283,432 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CHD. Evercore ISI cut their price target on Church & Dwight from $106.00 to $102.00 and set an “in-line” rating on the stock in a report on Friday, May 2nd. Cowen downgraded Church & Dwight from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. TD Cowen downgraded Church & Dwight from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research note on Tuesday, May 6th. Morgan Stanley dropped their price target on Church & Dwight from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, May 5th. Finally, Oppenheimer dropped their price target on Church & Dwight from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Church & Dwight has a consensus rating of “Hold” and an average price target of $108.67.

Church & Dwight Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.