BlackRock Inc. Makes New Investment in Church & Dwight Co., Inc. $CHD

Key Points

• BlackRock acquired 22.45 million shares of Church & Dwight in the second quarter, worth approximately $2.17 billion and representing a 9.46% stake. Institutional investors collectively own 86.6% of the company.
• Analysts maintain a mixed but generally positive outlook, with a consensus “Hold” rating and an average price target of $104.41, compared with the stock’s reported price of $99.19.
• Church & Dwight slightly missed quarterly EPS expectations but exceeded revenue estimates, reporting $1.53 billion in sales, up 1.6% year over year. The company also declared a quarterly dividend of $0.3075 per share, for a 1.2% annualized yield.

BlackRock Inc. bought a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,445,656 shares of the company's stock, valued at approximately $2,174,535,000. BlackRock Inc. owned 9.46% of Church & Dwight as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Occidental Asset Management LLC bought a new position in Church & Dwight during the second quarter valued at approximately $906,000. Pallas Capital Advisors LLC purchased a new stake in Church & Dwight in the second quarter worth approximately $245,000. Deutsche Bank AG bought a new stake in Church & Dwight in the 2nd quarter worth approximately $119,303,000. Perigon Wealth Management LLC bought a new stake in Church & Dwight in the 2nd quarter worth approximately $288,000. Finally, Oak Barrel Wealth Advisory LLC purchased a new stake in Church & Dwight during the 2nd quarter valued at $245,000. 86.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CHD shares. TD Cowen set a $97.00 price target on Church & Dwight and gave the company a "hold" rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $109.00 price objective on shares of Church & Dwight in a research report on Monday, May 4th. The Goldman Sachs Group reissued a "buy" rating and issued a $111.00 target price on shares of Church & Dwight in a report on Friday, May 29th. Jefferies Financial Group reissued a "buy" rating and issued a $115.00 target price on shares of Church & Dwight in a research report on Monday, August 3rd. Finally, Wall Street Zen upgraded Church & Dwight from a "sell" rating to a "hold" rating in a research note on Sunday. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Church & Dwight has a consensus rating of "Hold" and a consensus price target of $104.41.

Church & Dwight Stock Up 0.1%

NYSE CHD opened at $99.19 on Thursday. Church & Dwight Co., Inc. has a 52 week low of $81.33 and a 52 week high of $106.04. The company has a quick ratio of 0.69, a current ratio of 1.15 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $23.53 billion, a P/E ratio of 31.89, a price-to-earnings-growth ratio of 3.62 and a beta of 0.47. The stock's 50-day moving average price is $98.52 and its 200-day moving average price is $97.61.

Church & Dwight (NYSE:CHD - Get Free Report) last released its earnings results on Friday, July 31st. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.01). Church & Dwight had a return on equity of 20.10% and a net margin of 11.96%.The firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the prior year, the company posted $0.94 earnings per share. The company's revenue was up 1.6% compared to the same quarter last year. Church & Dwight has set its Q3 2026 guidance at 0.890-0.890 EPS and its FY 2026 guidance at 3.740-3.810 EPS. On average, equities research analysts predict that Church & Dwight Co., Inc. will post 3.78 earnings per share for the current year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a $0.3075 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.2%. Church & Dwight's dividend payout ratio is 39.55%.

Insider Transactions at Church & Dwight

In related news, Director Robert K. Shearer sold 8,600 shares of the company's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $97.97, for a total value of $842,542.00. Following the completion of the transaction, the director owned 30,678 shares of the company's stock, valued at approximately $3,005,523.66. This represents a 21.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Carlos G. Linares sold 10,000 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $99.71, for a total value of $997,100.00. Following the completion of the sale, the executive vice president owned 4,668 shares of the company's stock, valued at $465,446.28. The trade was a 68.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 59,220 shares of company stock valued at $5,905,747. Company insiders own 2.00% of the company's stock.

About Church & Dwight

Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.

The company's portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.

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