Northwestern Mutual Wealth Management Co. bought a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,222 shares of the company’s stock, valued at approximately $506,000.
A number of other institutional investors have also recently added to or reduced their stakes in CHD. Godfrey Financial Associates Inc. acquired a new position in Church & Dwight during the fourth quarter worth $25,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Church & Dwight during the 2nd quarter worth about $25,000. Elyxium Wealth LLC purchased a new position in Church & Dwight in the 4th quarter valued at about $26,000. DV Equities LLC acquired a new position in shares of Church & Dwight during the fourth quarter valued at approximately $28,000. Finally, GW&K Investment Management LLC increased its position in shares of Church & Dwight by 83.0% during the fourth quarter. GW&K Investment Management LLC now owns 344 shares of the company’s stock worth $29,000 after purchasing an additional 156 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.
Church & Dwight Price Performance
CHD stock opened at $102.85 on Thursday. The business’s fifty day moving average price is $98.83 and its 200 day moving average price is $97.68. Church & Dwight Co., Inc. has a 12-month low of $81.33 and a 12-month high of $106.04. The company has a current ratio of 1.15, a quick ratio of 0.69 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $24.40 billion, a PE ratio of 33.07, a P/E/G ratio of 3.74 and a beta of 0.47.
Church & Dwight Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a dividend of $0.3075 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.2%. Church & Dwight’s dividend payout ratio is currently 39.55%.
Insiders Place Their Bets
In other Church & Dwight news, EVP Rene Hemsey sold 5,000 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $102.25, for a total value of $511,250.00. Following the sale, the executive vice president owned 8,086 shares of the company’s stock, valued at $826,793.50. This trade represents a 38.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Carlos G. Linares sold 15,375 shares of Church & Dwight stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $102.00, for a total value of $1,568,250.00. Following the completion of the transaction, the executive vice president owned 4,668 shares of the company’s stock, valued at $476,136. The trade was a 76.71% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 79,595 shares of company stock valued at $7,985,247. 2.00% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
CHD has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $109.00 target price on shares of Church & Dwight in a research note on Monday, May 4th. Weiss Ratings upgraded Church & Dwight from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $115.00 target price on shares of Church & Dwight in a research note on Monday, August 3rd. Royal Bank Of Canada raised their price objective on shares of Church & Dwight from $114.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, August 3rd. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $110.00 price target (up from $105.00) on shares of Church & Dwight in a research note on Wednesday, July 8th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $104.41.
Church & Dwight Company Profile
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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