Independent Advisor Alliance Has $3.15 Million Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Independent Advisor Alliance cut its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,642 shares of the company’s stock after selling 753 shares during the period. Independent Advisor Alliance’s holdings in Church & Dwight were worth $3,153,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. IAG Wealth Partners LLC lifted its stake in shares of Church & Dwight by 92.9% in the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company’s stock worth $30,000 after buying an additional 130 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Church & Dwight in the 1st quarter worth about $40,000. Versant Capital Management Inc grew its holdings in shares of Church & Dwight by 42.1% in the 1st quarter. Versant Capital Management Inc now owns 378 shares of the company’s stock worth $42,000 after purchasing an additional 112 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in Church & Dwight during the 4th quarter worth about $42,000. Finally, Chilton Capital Management LLC grew its holdings in Church & Dwight by 90.9% during the 1st quarter. Chilton Capital Management LLC now owns 420 shares of the company’s stock worth $46,000 after acquiring an additional 200 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

Insider Transactions at Church & Dwight

In other news, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the business’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $99.00, for a total transaction of $1,451,340.00. Following the sale, the director directly owned 13,747 shares in the company, valued at approximately $1,360,953. The trade was a 51.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael Read bought 2,000 shares of Church & Dwight stock in a transaction that occurred on Tuesday, August 5th. The stock was bought at an average price of $91.27 per share, for a total transaction of $182,540.00. Following the completion of the acquisition, the executive vice president directly owned 7,505 shares of the company’s stock, valued at $684,981.35. The trade was a 36.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 35,915 shares of company stock valued at $3,545,300. 1.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CHD has been the topic of a number of analyst reports. Truist Financial set a $110.00 price target on shares of Church & Dwight and gave the company a “buy” rating in a research report on Friday, June 6th. JPMorgan Chase & Co. lowered their price objective on shares of Church & Dwight from $97.00 to $92.00 and set an “underweight” rating on the stock in a report on Monday, August 4th. Royal Bank Of Canada upgraded shares of Church & Dwight from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $100.00 to $114.00 in a report on Monday, June 2nd. Wells Fargo & Company raised their target price on shares of Church & Dwight from $105.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. Finally, Rothschild & Co Redburn cut shares of Church & Dwight from a “neutral” rating to a “sell” rating and set a $83.00 price objective for the company. in a research report on Monday, July 14th. Four 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.com, the company presently has an average rating of “Hold” and an average price target of $103.94.

Church & Dwight Trading Up 0.9%

Shares of Church & Dwight stock opened at $91.71 on Tuesday. Church & Dwight Co., Inc. has a 52-week low of $90.50 and a 52-week high of $116.46. The firm has a 50-day moving average of $96.53 and a 200-day moving average of $101.09. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.84. The stock has a market cap of $22.34 billion, a PE ratio of 43.26, a PEG ratio of 3.75 and a beta of 0.43.

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

Church & Dwight Announces Dividend

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

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.