Acadian Asset Management LLC Lowers Position in 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 trimmed its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 73.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 246,816 shares of the company's stock after selling 689,572 shares during the quarter. Acadian Asset Management LLC owned approximately 0.10% of Church & Dwight worth $27,164,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. IAG Wealth Partners LLC boosted its stake in shares of Church & Dwight by 92.9% during the 1st quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock worth $30,000 after acquiring an additional 130 shares during the period. Wayfinding Financial LLC bought a new position in shares of Church & Dwight during the 1st quarter worth approximately $40,000. Bernard Wealth Management Corp. bought a new position in shares of Church & Dwight during the 4th quarter worth approximately $42,000. Versant Capital Management Inc boosted its stake in shares of Church & Dwight by 42.1% during the 1st quarter. Versant Capital Management Inc now owns 378 shares of the company's stock worth $42,000 after acquiring an additional 112 shares during the period. Finally, Chilton Capital Management LLC boosted its stake in shares of Church & Dwight by 90.9% during the 1st quarter. Chilton Capital Management LLC now owns 420 shares of the company's stock worth $46,000 after acquiring an additional 200 shares during the period. 86.60% of the stock is currently owned by institutional investors.

Insider Transactions at Church & Dwight

In related news, CEO Richard A. Dierker acquired 5,470 shares of the stock in a transaction dated Tuesday, August 12th. The stock was purchased at an average cost of $91.57 per share, with a total value of $500,887.90. Following the completion of the purchase, the chief executive officer directly owned 27,212 shares in the company, valued at $2,491,802.84. This trade represents a 25.16% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Read acquired 2,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was bought at an average cost of $91.27 per share, with a total value of $182,540.00. Following the completion of the purchase, the executive vice president owned 7,505 shares of the company's stock, valued at approximately $684,981.35. The trade was a 36.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 12,879 shares of company stock valued at $1,177,702 over the last ninety days. 1.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Church & Dwight from $105.00 to $108.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Truist Financial set a $110.00 price objective on Church & Dwight and gave the stock a "buy" rating in a research report on Friday, June 6th. Redburn Atlantic lowered Church & Dwight from a "hold" rating to a "strong sell" rating in a research report on Monday, July 14th. Redburn Partners set a $83.00 price target on Church & Dwight in a research report on Monday, July 14th. Finally, Rothschild & Co Redburn lowered Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 price target on the stock. in a research report on Monday, July 14th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $103.94.

Church & Dwight Stock Up 0.4%

CHD stock traded up $0.32 during trading on Tuesday, reaching $91.57. 486,186 shares of the stock were exchanged, compared to its average volume of 2,036,396. The firm's 50 day moving average is $94.54 and its 200 day moving average is $98.81. Church & Dwight Co., Inc. has a twelve month low of $90.50 and a twelve month high of $116.46. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. The firm has a market cap of $22.31 billion, a P/E ratio of 43.19, a price-to-earnings-growth ratio of 3.84 and a beta of 0.44.

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 analysts' consensus estimates of $0.85 by $0.09. The business 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 revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the business earned $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. As a group, research analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Dividend Announcement

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

About Church & Dwight

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.