Intrust Bank NA Decreases Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Intrust Bank NA cut its position in Church & Dwight Co., Inc. (NYSE:CHD) by 6.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,238 shares of the company’s stock after selling 590 shares during the quarter. Intrust Bank NA’s holdings in Church & Dwight were worth $1,017,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CHD. Wealth Enhancement Advisory Services LLC boosted its position in Church & Dwight by 89.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,164 shares of the company’s stock worth $5,567,000 after purchasing an additional 25,080 shares during the period. Allianz Asset Management GmbH grew its stake in Church & Dwight by 451.2% in the 1st quarter. Allianz Asset Management GmbH now owns 81,065 shares of the company’s stock valued at $8,924,000 after buying an additional 66,357 shares in the last quarter. Penserra Capital Management LLC lifted its position in shares of Church & Dwight by 1,201.4% during the first quarter. Penserra Capital Management LLC now owns 8,342 shares of the company’s stock worth $918,000 after acquiring an additional 7,701 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Church & Dwight by 9.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,916 shares of the company’s stock worth $4,137,000 after acquiring an additional 3,254 shares during the period. Finally, GAM Holding AG purchased a new position in shares of Church & Dwight in the first quarter valued at $1,249,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Buying and Selling

In other Church & Dwight news, EVP Michael Read purchased 2,000 shares of Church & Dwight stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average price of $91.27 per share, for a total transaction of $182,540.00. Following the acquisition, the executive vice president directly owned 7,505 shares in the company, valued at approximately $684,981.35. This trade represents a 36.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard A. Dierker bought 7,950 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average price of $94.66 per share, with a total value of $752,547.00. Following the acquisition, the chief executive officer owned 16,358 shares of the company’s stock, valued at $1,548,448.28. This represents a 94.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 12,950 shares of company stock worth $1,211,297 and sold 35,915 shares worth $3,545,300. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Rothschild & Co Redburn downgraded Church & Dwight from a “neutral” rating to a “sell” rating and set a $83.00 target price for the company. in a research note on Monday, July 14th. TD Cowen cut shares of Church & Dwight from a “buy” rating to a “hold” rating and set a $100.00 target price on the stock. in a research note on Tuesday, May 6th. JPMorgan Chase & Co. reduced their price target on shares of Church & Dwight from $97.00 to $92.00 and set an “underweight” rating for the company in a research report on Monday. Barclays decreased their target price on Church & Dwight from $84.00 to $83.00 and set an “underweight” rating on the stock in a research note on Monday. Finally, Cowen downgraded shares of Church & Dwight from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $103.94.

Church & Dwight Price Performance

CHD stock opened at $92.52 on Thursday. The firm has a market cap of $22.54 billion, a P/E ratio of 43.64, a P/E/G ratio of 3.76 and a beta of 0.43. The firm’s fifty day moving average is $96.93 and its 200 day moving average is $101.47. Church & Dwight Co., Inc. has a 52 week low of $90.82 and a 52 week high of $116.46. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.84.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.09. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. Church & Dwight had a net margin of 8.66% and a return on equity of 19.27%. The company’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. Research analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 15th. Church & Dwight’s dividend payout ratio is 55.66%.

Church & Dwight Company 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.