Burling Wealth Partners LLC Has $3.73 Million Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Burling Wealth Partners LLC increased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 31.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,865 shares of the company's stock after acquiring an additional 8,126 shares during the quarter. Burling Wealth Partners LLC's holdings in Church & Dwight were worth $3,728,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. IAG Wealth Partners LLC raised its stake in Church & Dwight by 92.9% during the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock worth $30,000 after purchasing an additional 130 shares during the period. Bernard Wealth Management Corp. purchased a new position in Church & Dwight during the fourth quarter worth approximately $40,000. Wayfinding Financial LLC purchased a new position in Church & Dwight during the first quarter worth approximately $40,000. Versant Capital Management Inc raised its stake in Church & Dwight by 42.1% during the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock worth $42,000 after purchasing an additional 112 shares during the period. Finally, Banque Transatlantique SA purchased a new position in shares of Church & Dwight in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 86.60% of the company's stock.

Insiders Place Their Bets

In related news, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $99.00, for a total value of $1,451,340.00. Following the completion of the transaction, the director owned 13,747 shares in the company, valued at $1,360,953. This trade represents a 51.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael Read purchased 3,000 shares of the business's stock in a transaction dated Friday, May 9th. The shares were purchased at an average price of $92.07 per share, for a total transaction of $276,210.00. Following the acquisition, the executive vice president directly owned 5,505 shares of the company's stock, valued at $506,845.35. This trade represents a 119.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 50,575 shares of company stock worth $4,910,586. Company insiders own 2.00% of the company's stock.

Church & Dwight Stock Performance

Church & Dwight stock traded down $0.51 during midday trading on Friday, reaching $96.52. 1,983,004 shares of the stock traded hands, compared to its average volume of 1,769,879. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average price of $96.98 and a two-hundred day moving average price of $102.29. The firm has a market cap of $23.77 billion, a price-to-earnings ratio of 41.43, a PEG ratio of 3.86 and a beta of 0.51. Church & Dwight Co., Inc. has a fifty-two week low of $90.99 and a fifty-two week high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.02. Church & Dwight had a net margin of 9.52% and a return on equity of 19.28%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the firm earned $0.96 EPS. Church & Dwight's revenue was down 2.4% on a year-over-year basis. On average, equities research analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were issued a $0.295 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.22%. Church & Dwight's payout ratio is currently 50.64%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CHD shares. UBS Group lifted their price target on shares of Church & Dwight from $102.00 to $103.00 and gave the stock a "neutral" rating in a research note on Thursday. Bank of America raised shares of Church & Dwight from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $112.00 to $125.00 in a research note on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price target on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating on the stock in a research note on Friday, April 11th. Redburn Atlantic downgraded shares of Church & Dwight from a "hold" rating to a "strong sell" rating in a research note on Monday. Finally, Rothschild & Co Redburn downgraded 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 note on Monday. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $104.44.

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.