Caisse DE Depot ET Placement DU Quebec Grows Stake in Church & Dwight Co., Inc. $CHD

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Church & Dwight Co., Inc. by 23.1%, acquiring an additional 16,284 shares in the first quarter, now holding a total of 86,772 shares worth $9,553,000.
• Insider purchases included CEO Richard A. Dierker acquiring 5,470 shares and EVP Lee B. Mcchesney acquiring 5,409 shares, reflecting confidence in the company's future.
• Church & Dwight announced a quarterly dividend of $0.295 per share, with an annual yield of 1.3% and a payout ratio of 55.66%.

Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 23.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 86,772 shares of the company's stock after purchasing an additional 16,284 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Church & Dwight were worth $9,553,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in Church & Dwight by 0.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 348,593 shares of the company's stock valued at $36,502,000 after buying an additional 2,180 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Church & Dwight by 8.8% in the 4th quarter. Integrated Wealth Concepts LLC now owns 2,448 shares of the company's stock worth $256,000 after purchasing an additional 198 shares during the last quarter. Nebula Research & Development LLC bought a new position in Church & Dwight in the 4th quarter worth about $436,000. Coldstream Capital Management Inc. boosted its stake in Church & Dwight by 5.0% in the 4th quarter. Coldstream Capital Management Inc. now owns 6,545 shares of the company's stock worth $685,000 after purchasing an additional 312 shares in the last quarter. Finally, Boothbay Fund Management LLC purchased a new stake in Church & Dwight during the 4th quarter valued at about $312,000. Hedge funds and other institutional investors own 86.60% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Redburn Partners set a $83.00 target price on shares of Church & Dwight in a report on Monday, July 14th. Morgan Stanley reduced their price target on shares of Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Redburn Atlantic lowered shares of Church & Dwight from a "hold" rating to a "strong sell" rating in a report on Monday, July 14th. UBS Group upped their price objective on Church & Dwight from $102.00 to $103.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Finally, Truist Financial set a $110.00 target price on Church & Dwight and gave the stock a "buy" rating in a report on Friday, June 6th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $103.94.

Insider Buying and Selling

In related news, EVP Michael Read acquired 2,000 shares of the stock in a transaction dated Tuesday, August 5th. The shares were purchased at an average cost of $91.27 per share, with a total value of $182,540.00. Following the transaction, the executive vice president directly owned 7,505 shares in the company, valued at approximately $684,981.35. This represents a 36.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard A. Dierker acquired 5,470 shares of Church & Dwight 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 owned 27,212 shares of the company's stock, valued at approximately $2,491,802.84. This represents a 25.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 12,879 shares of company stock valued at $1,177,702 over the last three months. 1.20% of the stock is currently owned by company insiders.

Church & Dwight Stock Performance

CHD stock traded up $0.07 during trading on Tuesday, reaching $93.23. The stock had a trading volume of 1,971,372 shares, compared to its average volume of 1,893,431. The firm has a market cap of $22.71 billion, a PE ratio of 43.97, a PEG ratio of 3.85 and a beta of 0.44. 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 stock's 50 day moving average is $95.07 and its two-hundred day moving average is $99.68. Church & Dwight Co., Inc. has a 52 week low of $90.50 and a 52 week high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.85 by $0.09. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. Church & Dwight had a net margin of 8.66% and a return on equity of 19.27%. The business's revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm 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, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 15th. Church & Dwight's dividend payout ratio (DPR) is currently 55.66%.

Church & Dwight Company 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.