Calton & Associates Inc. Lowers Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Calton & Associates Inc. lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 22.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,263 shares of the company’s stock after selling 940 shares during the period. Calton & Associates Inc.’s holdings in Church & Dwight were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Texas Yale Capital Corp. lifted its holdings in Church & Dwight by 1.0% during the first quarter. Texas Yale Capital Corp. now owns 10,600 shares of the company’s stock worth $1,106,000 after buying an additional 100 shares during the period. Garner Asset Management Corp lifted its holdings in shares of Church & Dwight by 5.1% during the 1st quarter. Garner Asset Management Corp now owns 2,058 shares of the company’s stock valued at $215,000 after purchasing an additional 100 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in shares of Church & Dwight by 2.4% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 4,942 shares of the company’s stock valued at $516,000 after purchasing an additional 117 shares during the last quarter. Sovereign Financial Group Inc. lifted its holdings in shares of Church & Dwight by 0.7% during the 1st quarter. Sovereign Financial Group Inc. now owns 17,436 shares of the company’s stock valued at $1,819,000 after purchasing an additional 120 shares during the last quarter. Finally, Reynders McVeigh Capital Management LLC lifted its holdings in shares of Church & Dwight by 0.4% during the 1st quarter. Reynders McVeigh Capital Management LLC now owns 35,359 shares of the company’s stock valued at $3,689,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Price Performance

Shares of NYSE:CHD traded up $0.02 during midday trading on Friday, hitting $100.01. The company’s stock had a trading volume of 1,843,885 shares, compared to its average volume of 1,373,664. Church & Dwight Co., Inc. has a 12-month low of $82.25 and a 12-month high of $110.31. The company has a market cap of $24.48 billion, a P/E ratio of 31.75, a price-to-earnings-growth ratio of 3.39 and a beta of 0.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.53. The business’s 50 day simple moving average is $103.59 and its 200 day simple moving average is $103.59.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.09. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the company earned $0.92 EPS. On average, analysts forecast that Church & Dwight Co., Inc. will post 3.43 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be paid a $0.2838 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.13%. Church & Dwight’s dividend payout ratio (DPR) is 35.87%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CHD. BNP Paribas began coverage on Church & Dwight in a report on Monday, June 24th. They set a “neutral” rating and a $114.00 price objective for the company. Argus raised their target price on Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Truist Financial reduced their target price on Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Morgan Stanley reduced their target price on Church & Dwight from $114.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, Stifel Nicolaus reduced their target price on Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $106.58.

Insider Transactions at Church & Dwight

In related news, EVP Barry A. Bruno sold 59,328 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the transaction, the executive vice president now directly owns 4,319 shares in the company, valued at $429,179.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $99.37, for a total value of $5,895,423.36. Following the sale, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $429,179.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Richard A. Dierker sold 86,740 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the completion of the transaction, the chief financial officer now owns 7,634 shares in the company, valued at $813,479.04. The disclosure for this sale can be found here. Insiders sold 220,722 shares of company stock worth $23,139,816 in the last 90 days. Insiders own 2.00% of the company’s stock.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.