Paloma Partners Management Co Acquires 2,385 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Paloma Partners Management Co lifted its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 57.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,555 shares of the company’s stock after purchasing an additional 2,385 shares during the period. Paloma Partners Management Co’s holdings in Church & Dwight were worth $684,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CHD. SG Americas Securities LLC lifted its stake in shares of Church & Dwight by 103.1% in the 4th quarter. SG Americas Securities LLC now owns 11,566 shares of the company’s stock worth $1,094,000 after purchasing an additional 5,872 shares during the period. Pacer Advisors Inc. increased its holdings in Church & Dwight by 137.0% in the 4th quarter. Pacer Advisors Inc. now owns 54,001 shares of the company’s stock worth $5,106,000 after acquiring an additional 31,212 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Church & Dwight by 290.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 56,221 shares of the company’s stock worth $5,316,000 after acquiring an additional 41,804 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Church & Dwight by 5.9% in the 4th quarter. Ritholtz Wealth Management now owns 9,909 shares of the company’s stock worth $937,000 after acquiring an additional 555 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in Church & Dwight in the 4th quarter worth approximately $62,000. Institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CHD shares. Argus increased their target price on shares of Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. TD Cowen started coverage on shares of Church & Dwight in a report on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. HSBC increased their target price on shares of Church & Dwight from $110.00 to $114.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Church & Dwight from $97.00 to $101.00 and gave the company an “underweight” rating in a report on Monday, July 22nd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $107.28.

Church & Dwight Price Performance

Shares of NYSE CHD traded up $0.21 during midday trading on Monday, reaching $101.59. 1,322,705 shares of the stock traded hands, compared to its average volume of 1,324,268. The stock has a market capitalization of $24.84 billion, a PE ratio of 32.25, a P/E/G ratio of 3.30 and a beta of 0.52. The company’s 50 day moving average is $105.31 and its 200 day moving average is $103.42. Church & Dwight Co., Inc. has a one year low of $82.25 and a one year high of $110.31. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.82.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.49 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. Church & Dwight’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. On average, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current year.

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were given a $0.2838 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.14 dividend on an annualized basis and a yield of 1.12%. Church & Dwight’s dividend payout ratio is presently 35.87%.

Insider Buying and Selling

In related news, EVP Maynadier Patrick D. De sold 54,654 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $107.00, for a total value of $5,847,978.00. Following the completion of the sale, the executive vice president now directly owns 10,325 shares in the company, valued at $1,104,775. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Richard A. Dierker sold 86,740 shares of Church & Dwight stock in a transaction 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 sale, the chief financial officer now directly owns 7,634 shares in the company, valued at $813,479.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,654 shares of Church & Dwight stock in a transaction on Friday, June 14th. The stock was sold at an average price of $107.00, for a total value of $5,847,978.00. Following the sale, the executive vice president now owns 10,325 shares of the company’s stock, valued at $1,104,775. The disclosure for this sale can be found here. Insiders sold a total of 182,346 shares of company stock worth $19,465,948 over the last three months. 2.00% of the stock is owned by insiders.

Church & Dwight 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.