Acadian Asset Management LLC Sells 689,572 Shares of Church & Dwight Co., Inc. $CHD

Key Points

• Acadian Asset Management LLC significantly reduced its holdings in Church & Dwight Co., Inc. by 73.6% in the first quarter, selling 689,572 shares and holding only 246,816 shares worth $27.16 million.
• Church & Dwight reported quarterly earnings of $0.94 per share, surpassing analysts' expectations of $0.85, with a revenue of $1.51 billion, slightly above the $1.48 billion estimate.
• The company announced a quarterly dividend of $0.295 per share, which represents an annualized dividend of $1.18 and a yield of 1.3%.

Acadian Asset Management LLC lowered its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 73.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 246,816 shares of the company's stock after selling 689,572 shares during the period. Acadian Asset Management LLC owned approximately 0.10% of Church & Dwight worth $27,164,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. IAG Wealth Partners LLC increased its holdings in shares of Church & Dwight by 92.9% in the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock worth $30,000 after buying an additional 130 shares during the period. Wayfinding Financial LLC purchased a new position in shares of Church & Dwight in the first quarter worth about $40,000. Bernard Wealth Management Corp. purchased a new position in Church & Dwight during the 4th quarter valued at about $42,000. Versant Capital Management Inc increased its holdings in Church & Dwight by 42.1% during the 1st quarter. Versant Capital Management Inc now owns 378 shares of the company's stock valued at $42,000 after purchasing an additional 112 shares during the period. Finally, Chilton Capital Management LLC increased its holdings in Church & Dwight by 90.9% during the 1st quarter. Chilton Capital Management LLC now owns 420 shares of the company's stock valued at $46,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 86.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CHD shares. Royal Bank Of Canada upgraded Church & Dwight from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from $100.00 to $114.00 in a report on Monday, June 2nd. Wall Street Zen upgraded Church & Dwight from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. JPMorgan Chase & Co. reduced their target price on Church & Dwight from $97.00 to $92.00 and set an "underweight" rating on the stock in a report on Monday, August 4th. Barclays reduced their target price on Church & Dwight from $84.00 to $83.00 and set an "underweight" rating on the stock in a report on Monday, August 4th. Finally, UBS Group upped their target price on Church & Dwight from $102.00 to $103.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Church & Dwight presently has a consensus rating of "Hold" and a consensus target price of $103.94.

Church & Dwight Stock Down 1.4%

Shares of Church & Dwight stock traded down $1.36 during midday trading on Friday, hitting $93.06. The company had a trading volume of 1,480,179 shares, compared to its average volume of 1,770,856. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.84. The stock has a market capitalization of $22.67 billion, a P/E ratio of 43.90, a P/E/G ratio of 3.90 and a beta of 0.44. The company has a 50 day moving average of $94.69 and a 200 day moving average of $99.02. Church & Dwight Co., Inc. has a 52-week low of $90.50 and a 52-week high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.09. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%.The firm's quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 EPS. 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 predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a $0.295 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.18 annualized dividend and a yield of 1.3%. Church & Dwight's dividend payout ratio is 55.66%.

Insiders Place Their Bets

In other news, CEO Richard A. Dierker purchased 5,470 shares of the stock in a transaction dated Tuesday, August 12th. The shares were purchased at an average cost of $91.57 per share, with a total value of $500,887.90. Following the acquisition, the chief executive officer directly owned 27,212 shares of the company's stock, valued at $2,491,802.84. This represents a 25.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Carlen Hooker sold 6,380 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of $98.30, for a total value of $627,154.00. Following the transaction, the executive vice president directly owned 262 shares in the company, valued at $25,754.60. The trade was a 96.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 12,879 shares of company stock valued at $1,177,702. Insiders own 2.00% of the company's stock.

Church & Dwight 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.