Assenagon Asset Management S.A. Grows Position in Church & Dwight Co., Inc. $CHD

Key Points

• Assenagon Asset Management S.A. significantly increased its position in Church & Dwight Co., Inc. by 393.4%, acquiring a total of 285,206 shares valued at approximately $27.41 million.
• Church & Dwight reported a quarterly earnings per share of $0.94, exceeding estimates, with revenue of $1.51 billion, although this reflects a 0.3% decline year-over-year.
• The company's stock ratings show seven analysts giving it a Buy rating, while the average target price is set at $103.94, indicating moderate investor confidence despite a recent stock price drop of 1.9%.

Assenagon Asset Management S.A. increased its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 393.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 285,206 shares of the company's stock after buying an additional 227,404 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.12% of Church & Dwight worth $27,411,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Church & Dwight by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company's stock valued at $3,461,410,000 after buying an additional 750,575 shares during the last quarter. Northern Trust Corp increased its position in Church & Dwight by 2.6% during the 1st quarter. Northern Trust Corp now owns 3,097,722 shares of the company's stock worth $341,028,000 after buying an additional 79,170 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Church & Dwight by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,558,231 shares of the company's stock worth $281,636,000 after buying an additional 153,270 shares during the period. American Century Companies Inc. increased its position in Church & Dwight by 48.3% during the 1st quarter. American Century Companies Inc. now owns 2,115,040 shares of the company's stock worth $232,845,000 after buying an additional 688,863 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Church & Dwight by 1.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,474,870 shares of the company's stock worth $162,368,000 after purchasing an additional 26,286 shares during the period. Institutional investors and hedge funds own 86.60% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CHD. Redburn Partners set a $83.00 target price on Church & Dwight in a research note on Monday, July 14th. Wall Street Zen upgraded Church & Dwight from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Rothschild & Co Redburn cut Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 target price on the stock. in a report on Monday, July 14th. Evercore ISI reduced their target price on Church & Dwight from $102.00 to $101.00 and set an "in-line" rating on the stock in a report on Monday, August 4th. Finally, Truist Financial set a $110.00 target price on Church & Dwight and gave the company a "buy" rating in a report on Friday, June 6th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $103.94.

Insider Transactions at Church & Dwight

In other news, CEO Richard A. Dierker bought 5,470 shares of the stock in a transaction dated Tuesday, August 12th. The shares were bought at an average cost of $91.57 per share, with a total value of $500,887.90. Following the completion of the transaction, the chief executive officer directly owned 27,212 shares of the company's stock, valued at $2,491,802.84. This trade represents a 25.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Lee B. Mcchesney purchased 5,409 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was bought at an average cost of $91.38 per share, with a total value of $494,274.42. Following the completion of the transaction, the executive vice president directly owned 5,409 shares in the company, valued at $494,274.42. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have bought 12,879 shares of company stock valued at $1,177,702 over the last ninety days. 1.20% of the stock is owned by company insiders.

Church & Dwight Trading Down 4.0%

CHD traded down $3.63 during trading on Monday, hitting $86.72. The company's stock had a trading volume of 3,331,601 shares, compared to its average volume of 1,872,987. Church & Dwight Co., Inc. has a twelve month low of $86.65 and a twelve month high of $116.46. The company has a quick ratio of 1.33, a current ratio of 1.84 and a debt-to-equity ratio of 0.50. The stock's fifty day moving average price is $93.98 and its 200-day moving average price is $98.26. The firm has a market capitalization of $21.13 billion, a P/E ratio of 40.91, a PEG ratio of 3.73 and a beta of 0.44.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.09. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%.The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the firm earned $0.93 earnings per share. The company'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. Analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, August 15th. Church & Dwight's dividend payout ratio is presently 55.66%.

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.