Aberdeen Group plc Lowers Holdings in Church & Dwight Co., Inc. $CHD

Key Points

• Aberdeen Group plc reduced its stake in Church & Dwight Co., Inc. by 24.2% during the 1st quarter, now holding shares valued at $26.42 million.
• Church & Dwight reported $0.94 EPS for the last quarter, surpassing analysts' expectations, and plans to distribute a quarterly dividend of $0.295 per share on September 2nd.
• Currently, 86.60% of Church & Dwight's stock is owned by institutional investors, with varying ratings from analysts, resulting in an average price target of $103.94.

Aberdeen Group plc cut its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 24.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 241,204 shares of the company's stock after selling 76,915 shares during the period. Aberdeen Group plc owned 0.10% of Church & Dwight worth $26,420,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. IAG Wealth Partners LLC lifted its holdings in Church & Dwight by 92.9% during the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock valued at $30,000 after purchasing an additional 130 shares in the last quarter. Wayfinding Financial LLC purchased a new position in Church & Dwight during the first quarter valued at $40,000. Bernard Wealth Management Corp. purchased a new position in Church & Dwight during the fourth quarter valued at $42,000. Versant Capital Management Inc lifted its holdings in Church & Dwight by 42.1% during the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock valued at $42,000 after purchasing an additional 112 shares in the last quarter. Finally, Banque Transatlantique SA purchased a new position in Church & Dwight during the fourth quarter valued at $46,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 14,660 shares of Church & Dwight stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $99.00, for a total transaction of $1,451,340.00. Following the completion of the sale, the director directly owned 13,747 shares in the company, valued at $1,360,953. This trade represents a 51.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard A. Dierker purchased 5,470 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were bought at an average price of $91.57 per share, with a total value of $500,887.90. Following the completion of the transaction, the chief executive officer owned 27,212 shares of the company's stock, valued at approximately $2,491,802.84. The trade was a 25.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 12,879 shares of company stock valued at $1,177,702 and sold 35,915 shares valued at $3,545,300. Insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on CHD shares. Oppenheimer decreased their price objective on shares of Church & Dwight from $120.00 to $115.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. decreased their price objective on shares of Church & Dwight from $97.00 to $92.00 and set an "underweight" rating on the stock in a report on Monday, August 4th. Morgan Stanley reduced their target price on shares of Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Evercore ISI reduced their target price on shares of Church & Dwight from $102.00 to $101.00 and set an "in-line" rating for the company in a research report on Monday, August 4th. Finally, Barclays reduced their target price on shares of Church & Dwight from $84.00 to $83.00 and set an "underweight" rating for the company in a research report on Monday, August 4th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Church & Dwight has a consensus rating of "Hold" and a consensus target price of $103.94.

Church & Dwight Trading Up 0.0%

Church & Dwight stock traded up $0.0170 during midday trading on Friday, hitting $94.9770. 1,716,960 shares of the stock were exchanged, compared to its average volume of 2,402,085. Church & Dwight Co., Inc. has a fifty-two week low of $90.50 and a fifty-two week high of $116.46. The stock has a market capitalization of $23.14 billion, a price-to-earnings ratio of 44.80, a PEG ratio of 3.92 and a beta of 0.43. The stock's 50-day simple moving average is $95.57 and its 200 day simple moving average is $100.34. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.09. Church & Dwight had a net margin of 8.66% and a return on equity of 19.27%. The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same period last year, the business earned $0.93 earnings per share. Church & Dwight's revenue was down .3% compared to the same quarter last year. Church & Dwight has set its FY 2025 guidance at 3.440-3.510 EPS. Q3 2025 guidance at 0.720-0.720 EPS. On average, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.295 per share. The ex-dividend date is Friday, August 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.2%. Church & Dwight's dividend payout ratio (DPR) is currently 55.66%.

Church & Dwight Company Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.