Aberdeen Group plc Lowers Stake in Church & Dwight Co., Inc. $CHD

Aberdeen Group plc trimmed its position in Church & Dwight Co., Inc. (NYSE:CHD) by 24.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 241,204 shares of the company’s stock after selling 76,915 shares during the quarter. Aberdeen Group plc owned 0.10% of Church & Dwight worth $26,420,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, EVP Michael Read acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were acquired at an average price of $91.27 per share, for a total transaction of $182,540.00. Following the completion of the purchase, 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Carlen Hooker sold 6,380 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $98.30, for a total value of $627,154.00. Following the completion of the sale, the executive vice president owned 262 shares of the company’s stock, valued at $25,754.60. This trade represents a 96.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders acquired 12,879 shares of company stock worth $1,177,702 and sold 35,915 shares worth $3,545,300. 2.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Cowen lowered shares of Church & Dwight from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Redburn Partners set a $83.00 price target on shares of Church & Dwight in a report on Monday, July 14th. Rothschild & Co Redburn lowered shares of Church & Dwight from a “neutral” rating to a “sell” rating and set a $83.00 price objective for the company. in a report on Monday, July 14th. UBS Group upped their target price on shares of Church & Dwight from $102.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Finally, Truist Financial set a $110.00 price target on Church & Dwight and gave the stock a “buy” rating in a research note on Friday, June 6th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Church & Dwight presently has an average rating of “Hold” and a consensus price target of $103.94.

Church & Dwight Price Performance

Shares of CHD opened at $92.46 on Monday. The stock has a fifty day moving average price of $96.00 and a 200 day moving average price of $100.67. The company has a market cap of $22.52 billion, a P/E ratio of 43.61, a PEG ratio of 3.82 and a beta of 0.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.84 and a quick ratio of 1.33. Church & Dwight Co., Inc. has a 12 month low of $90.50 and a 12 month high of $116.46.

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

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a $0.295 dividend. 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 currently 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.