Folger Nolan Fleming Douglas Capital Management Inc. lifted its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 4.5% during the first quarter, Holdings Channel.com reports. The fund owned 133,509 shares of the company’s stock after purchasing an additional 5,689 shares during the period. Church & Dwight accounts for about 1.1% of Folger Nolan Fleming Douglas Capital Management Inc.’s holdings, making the stock its 25th biggest holding. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Church & Dwight were worth $12,459,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Church & Dwight by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,274 shares of the company’s stock worth $2,672,000 after purchasing an additional 945 shares during the period. Empowered Funds LLC increased its position in shares of Church & Dwight by 18.4% during the 1st quarter. Empowered Funds LLC now owns 6,595 shares of the company’s stock valued at $726,000 after purchasing an additional 1,024 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Church & Dwight during the 2nd quarter valued at $254,000. Baird Financial Group Inc. raised its stake in shares of Church & Dwight by 9.0% in the 2nd quarter. Baird Financial Group Inc. now owns 29,398 shares of the company’s stock worth $2,825,000 after buying an additional 2,419 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Church & Dwight by 0.4% in the 2nd quarter. Cerity Partners LLC now owns 52,273 shares of the company’s stock worth $5,024,000 after buying an additional 204 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.
Church & Dwight Stock Down 1.9%
Shares of Church & Dwight stock opened at $97.73 on Tuesday. Church & Dwight Co., Inc. has a 12-month low of $81.33 and a 12-month high of $106.04. The firm has a market capitalization of $23.16 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 3.58 and a beta of 0.47. The company has a quick ratio of 0.81, a current ratio of 1.22 and a debt-to-equity ratio of 0.53. The stock’s fifty day moving average is $95.89 and its 200-day moving average is $94.51.
Church & Dwight Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were paid a dividend of $0.3075 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.23 dividend on an annualized basis and a yield of 1.3%. Church & Dwight’s dividend payout ratio is currently 40.46%.
Insider Buying and Selling
In other news, Director Penry W. Price sold 5,960 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $94.86, for a total transaction of $565,365.60. Following the sale, the director owned 30,070 shares in the company, valued at $2,852,440.20. The trade was a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 12,960 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $98.00, for a total transaction of $1,270,080.00. Following the completion of the sale, the director owned 13,653 shares of the company’s stock, valued at approximately $1,337,994. This trade represents a 48.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 47,680 shares of company stock valued at $4,672,190. Company insiders own 1.20% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on CHD. Weiss Ratings restated a “hold (c+)” rating on shares of Church & Dwight in a report on Wednesday, June 17th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $114.00 price target on shares of Church & Dwight in a research report on Monday, June 1st. JPMorgan Chase & Co. raised their price objective on shares of Church & Dwight from $98.00 to $99.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Evercore set a $105.00 target price on shares of Church & Dwight in a report on Monday, May 4th. Finally, Wells Fargo & Company reduced their target price on shares of Church & Dwight from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $102.59.
About Church & Dwight
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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Want to see what other hedge funds are holding CHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Church & Dwight Co., Inc. (NYSE:CHD – Free Report).
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