Johnson Investment Counsel Inc. Cuts Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Johnson Investment Counsel Inc. cut its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 6.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,725 shares of the company’s stock after selling 240 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Church & Dwight were worth $373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nemes Rush Group LLC purchased a new position in Church & Dwight during the second quarter worth about $27,000. Quintet Private Bank Europe S.A. purchased a new position in Church & Dwight during the first quarter worth about $30,000. Tradition Wealth Management LLC purchased a new position in Church & Dwight during the first quarter worth about $35,000. Old North State Trust LLC boosted its holdings in Church & Dwight by 88.6% during the first quarter. Old North State Trust LLC now owns 796 shares of the company’s stock worth $37,000 after purchasing an additional 374 shares during the last quarter. Finally, Clear Street Markets LLC boosted its holdings in Church & Dwight by 93.9% during the first quarter. Clear Street Markets LLC now owns 477 shares of the company’s stock worth $42,000 after purchasing an additional 231 shares during the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Church & Dwight in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Truist Financial upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and boosted their target price for the company from $95.00 to $105.00 in a research note on Monday, August 28th. Barclays dropped their target price on shares of Church & Dwight from $82.00 to $76.00 and set an “underweight” rating on the stock in a research note on Thursday, October 12th. HSBC assumed coverage on shares of Church & Dwight in a research note on Friday, September 22nd. They issued a “hold” rating and a $102.00 target price on the stock. Finally, Morgan Stanley boosted their target price on shares of Church & Dwight from $106.00 to $114.00 and gave the company an “overweight” rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and a consensus target price of $95.25.

Insider Transactions at Church & Dwight

In other news, CEO Matthew Farrell sold 132,881 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $96.00, for a total value of $12,756,576.00. Following the transaction, the chief executive officer now owns 112,444 shares of the company’s stock, valued at approximately $10,794,624. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.00% of the company’s stock.

Church & Dwight Stock Performance

Church & Dwight stock opened at $91.45 on Tuesday. The firm’s 50 day simple moving average is $91.13 and its 200 day simple moving average is $94.20. The company has a current ratio of 1.47, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $22.53 billion, a PE ratio of 52.26, a price-to-earnings-growth ratio of 3.78 and a beta of 0.50. Church & Dwight Co., Inc. has a 1-year low of $76.24 and a 1-year high of $100.52.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, November 3rd. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.06. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.44 billion. Church & Dwight had a net margin of 7.57% and a return on equity of 20.55%. Church & Dwight’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.76 EPS. As a group, analysts expect that Church & Dwight Co., Inc. will post 3.16 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Tuesday, November 14th. Church & Dwight’s payout ratio is 62.29%.

About Church & Dwight

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.