Bath Savings Trust Co Trims Stock Holdings in Church & Dwight Co., Inc. $CHD

Key Points

• Bath Savings Trust Co has reduced its stake in Church & Dwight Co., Inc. by 11.8%, selling 22,623 shares and now holding approximately 169,369 shares which represent 1.6% of its total portfolio.
• Several institutional investors have shown interest in Church & Dwight, with notable increases in holdings by IAG Wealth Partners and Chilton Capital Management, among others.
• Equities analysts have a mixed outlook for Church & Dwight, with Wells Fargo raising their target price to $108 and a consensus average rating of "Hold," reflecting seven buy ratings, six holds, and four sells.

Bath Savings Trust Co lessened its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 11.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,369 shares of the company's stock after selling 22,623 shares during the quarter. Church & Dwight comprises 1.6% of Bath Savings Trust Co's investment portfolio, making the stock its 20th biggest holding. Bath Savings Trust Co owned about 0.07% of Church & Dwight worth $16,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in CHD. Nuveen LLC bought a new position in shares of Church & Dwight during the 1st quarter worth about $106,736,000. GAMMA Investing LLC boosted its position in shares of Church & Dwight by 12,489.8% during the 1st quarter. GAMMA Investing LLC now owns 861,895 shares of the company's stock worth $94,886,000 after purchasing an additional 855,049 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Church & Dwight by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company's stock worth $3,461,410,000 after purchasing an additional 750,575 shares in the last quarter. American Century Companies Inc. boosted its position in shares of 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 purchasing an additional 688,863 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in Church & Dwight in the 1st quarter valued at about $41,743,000. Institutional investors own 86.60% of the company's stock.

Church & Dwight Stock Performance

Shares of Church & Dwight stock traded down $3.63 during mid-day trading on Monday, hitting $86.72. 3,331,601 shares of the stock were exchanged, compared to its average volume of 1,872,987. Church & Dwight Co., Inc. has a 12 month low of $86.65 and a 12 month high of $116.46. The company has a 50-day simple moving average of $93.78 and a 200 day simple moving average of $98.08. 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 company has a market capitalization of $21.13 billion, a P/E ratio of 40.91, a P/E/G ratio of 3.73 and a beta of 0.44.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.94 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 for the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter last year, the firm earned $0.93 EPS. The company's quarterly 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. Sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

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

Insider Transactions at Church & Dwight

In related news, EVP Michael Read purchased 2,000 shares of the firm's stock in a transaction dated Tuesday, August 5th. The stock was bought at an average price of $91.27 per share, for a total transaction of $182,540.00. Following the purchase, the executive vice president directly owned 7,505 shares in the company, valued at approximately $684,981.35. This trade represents a 36.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lee B. Mcchesney purchased 5,409 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were bought at an average price of $91.38 per share, with a total value of $494,274.42. Following the purchase, the executive vice president owned 5,409 shares in the company, valued at $494,274.42. The trade was a ∞ 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 worth $1,177,702 in the last quarter. Insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

CHD has been the topic of several recent research reports. Rothschild & Co Redburn cut shares of 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. Wall Street Zen raised shares of Church & Dwight from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. UBS Group raised their price target on shares of Church & Dwight from $102.00 to $103.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. dropped their price target on shares of Church & Dwight from $97.00 to $92.00 and set an "underweight" rating on the stock in a research report on Monday, August 4th. Finally, Truist Financial set a $110.00 price target on shares of Church & Dwight and gave the company a "buy" rating in a research report on Friday, June 6th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Church & Dwight currently has an average rating of "Hold" and an average price target of $103.94.

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.