Church & Dwight Co., Inc. (NYSE:CHD) is Taurus Asset Management LLC’s 10th Largest Position

Taurus Asset Management LLC lowered its position in Church & Dwight Co., Inc. (NYSE:CHD) by 0.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 251,968 shares of the company’s stock after selling 1,462 shares during the period. Church & Dwight accounts for approximately 2.6% of Taurus Asset Management LLC’s portfolio, making the stock its 10th biggest position. Taurus Asset Management LLC’s holdings in Church & Dwight were worth $26,124,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of CHD. Vanguard Group Inc. raised its stake in shares of Church & Dwight by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock valued at $2,861,865,000 after buying an additional 354,946 shares during the last quarter. Capital International Investors raised its position in Church & Dwight by 1.0% during the first quarter. Capital International Investors now owns 9,097,575 shares of the company’s stock valued at $948,968,000 after acquiring an additional 92,862 shares in the last quarter. Norges Bank acquired a new position in Church & Dwight in the fourth quarter valued at approximately $259,967,000. ProShare Advisors LLC boosted its position in Church & Dwight by 1.8% in the 1st quarter. ProShare Advisors LLC now owns 1,783,412 shares of the company’s stock worth $186,028,000 after purchasing an additional 31,145 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Church & Dwight by 26.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,334,950 shares of the company’s stock worth $126,233,000 after purchasing an additional 277,017 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Price Performance

CHD stock opened at $104.04 on Friday. Church & Dwight Co., Inc. has a 1 year low of $82.25 and a 1 year high of $110.31. The firm has a market capitalization of $25.47 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 3.50 and a beta of 0.54. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98. The business has a 50 day simple moving average of $102.13 and a 200-day simple moving average of $104.13.

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. Equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were issued a $0.2838 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.14 annualized dividend and a yield of 1.09%. Church & Dwight’s payout ratio is 35.87%.

Analyst Upgrades and Downgrades

CHD has been the topic of a number of recent analyst reports. Truist Financial lowered their price target on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Stifel Nicolaus dropped their target price on Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, August 5th. BNP Paribas began coverage on Church & Dwight in a report on Monday, June 24th. They issued a “neutral” rating and a $114.00 price target for the company. TD Cowen assumed coverage on Church & Dwight in a report on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 price objective on the stock. Finally, Argus increased their target price on Church & Dwight from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Church & Dwight has a consensus rating of “Hold” and an average price target of $106.58.

Insider Activity

In other news, EVP Barry A. Bruno sold 59,328 shares of Church & Dwight stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the sale, the executive vice president now owns 4,319 shares of the company’s stock, valued at approximately $429,179.03. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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.