Naples Global Advisors LLC Sells 1,175 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Naples Global Advisors LLC trimmed its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 9.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,833 shares of the company’s stock after selling 1,175 shares during the period. Naples Global Advisors LLC’s holdings in Church & Dwight were worth $1,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in CHD. Nomura Holdings Inc. raised its holdings in shares of Church & Dwight by 442.1% in the fourth quarter. Nomura Holdings Inc. now owns 14,148 shares of the company’s stock valued at $1,338,000 after acquiring an additional 11,538 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of Church & Dwight by 13.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 342,699 shares of the company’s stock valued at $35,755,000 after purchasing an additional 39,695 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Church & Dwight by 12.8% during the first quarter. Russell Investments Group Ltd. now owns 208,997 shares of the company’s stock valued at $21,798,000 after buying an additional 23,754 shares during the period. Cim LLC purchased a new position in Church & Dwight during the fourth quarter valued at approximately $3,188,000. Finally, abrdn plc raised its stake in Church & Dwight by 35.0% in the fourth quarter. abrdn plc now owns 281,416 shares of the company’s stock worth $26,611,000 after buying an additional 73,022 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CHD shares. Argus lifted their price target on Church & Dwight from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. TD Cowen initiated coverage on shares of Church & Dwight in a report on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Church & Dwight from $101.00 to $97.00 and set an “underweight” rating for the company in a research note on Monday, August 5th. 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. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. 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, Church & Dwight presently has an average rating of “Hold” and an average target price of $106.58.

Church & Dwight Stock Performance

Shares of NYSE CHD traded up $0.02 during trading on Friday, reaching $100.01. 1,843,885 shares of the company traded hands, compared to its average volume of 1,373,664. The stock has a market cap of $24.48 billion, a P/E ratio of 31.75, a PEG ratio of 3.39 and a beta of 0.52. The firm’s fifty day simple moving average is $103.59 and its 200 day simple moving average is $103.56. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. Church & Dwight Co., Inc. has a 12-month low of $82.25 and a 12-month high of $110.31.

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

Church & Dwight Dividend Announcement

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

Insider Activity at Church & Dwight

In other news, Director Ravichandra Krishnamu Saligram sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $107.67, for a total transaction of $2,153,400.00. Following the completion of the transaction, the director now directly owns 13,793 shares of the company’s stock, valued at approximately $1,485,092.31. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Ravichandra Krishnamu Saligram sold 20,000 shares of the business’s stock in a transaction dated 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 owns 13,793 shares of the company’s stock, valued at $1,485,092.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,654 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $107.00, for a total transaction of $5,847,978.00. Following the completion of the transaction, the executive vice president now directly owns 10,325 shares in the company, valued at $1,104,775. The disclosure for this sale can be found here. Insiders sold a total of 220,722 shares of company stock worth $23,139,816 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.

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.