Sky Investment Group LLC Has $3.47 Million Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Sky Investment Group LLC lessened its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 3.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,467 shares of the company’s stock after selling 1,243 shares during the quarter. Sky Investment Group LLC’s holdings in Church & Dwight were worth $3,470,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Addenda Capital Inc. lifted its holdings in shares of Church & Dwight by 12.7% during the 2nd quarter. Addenda Capital Inc. now owns 56,723 shares of the company’s stock worth $5,881,000 after acquiring an additional 6,389 shares during the period. ORG Partners LLC boosted its holdings in shares of Church & Dwight by 463.3% in the 2nd quarter. ORG Partners LLC now owns 3,036 shares of the company’s stock valued at $318,000 after purchasing an additional 2,497 shares in the last quarter. TRUE Private Wealth Advisors boosted its holdings in shares of Church & Dwight by 6.0% in the 2nd quarter. TRUE Private Wealth Advisors now owns 4,219 shares of the company’s stock valued at $437,000 after purchasing an additional 240 shares in the last quarter. Ferguson Wellman Capital Management Inc. bought a new position in shares of Church & Dwight in the 2nd quarter valued at $264,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Church & Dwight by 2.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,568 shares of the company’s stock worth $2,236,000 after buying an additional 574 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Insider Activity at Church & Dwight

In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $107.67, for a total value of $2,153,400.00. Following the completion of the sale, the director now directly owns 13,793 shares in the company, valued at $1,485,092.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Richard A. Dierker sold 86,740 shares of the business’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 sale, the chief financial officer now owns 7,634 shares in the company, valued at $813,479.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ravichandra Krishnamu Saligram sold 20,000 shares of Church & Dwight stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $107.67, for a total transaction of $2,153,400.00. Following the completion of the sale, the director now directly owns 13,793 shares of the company’s stock, valued at approximately $1,485,092.31. The disclosure for this sale can be found here. Insiders have sold 220,722 shares of company stock worth $23,139,816 in the last quarter. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CHD. Barclays lifted their target price on Church & Dwight from $80.00 to $82.00 and gave the company an “underweight” rating in a research report on Tuesday, August 6th. TD Cowen assumed coverage on shares of Church & Dwight in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 price objective for the company. Morgan Stanley decreased their target price on shares of Church & Dwight from $114.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their price target on Church & Dwight from $109.00 to $112.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, HSBC boosted their price objective on Church & Dwight from $110.00 to $114.00 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $106.58.

Church & Dwight Trading Up 0.2 %

CHD stock traded up $0.25 during midday trading on Wednesday, hitting $100.43. The stock had a trading volume of 811,752 shares, compared to its average volume of 1,373,276. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. The firm has a market cap of $24.59 billion, a P/E ratio of 31.88, a price-to-earnings-growth ratio of 3.45 and a beta of 0.52. The business has a fifty day moving average price of $103.89 and a two-hundred day moving average price of $103.59. Church & Dwight Co., Inc. has a 1-year low of $82.25 and a 1-year high of $110.31.

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

Church & Dwight Dividend Announcement

The business also recently disclosed 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 is Thursday, August 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.13%. Church & Dwight’s dividend payout ratio is currently 35.87%.

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.