Charles Schwab Investment Management Inc. Grows Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Charles Schwab Investment Management Inc. lifted its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 1.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,474,870 shares of the company's stock after purchasing an additional 26,286 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.60% of Church & Dwight worth $162,368,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHD. IAG Wealth Partners LLC lifted its stake in shares of Church & Dwight by 92.9% in the 1st quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock valued at $30,000 after acquiring an additional 130 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Church & Dwight in the 1st quarter valued at about $40,000. Bernard Wealth Management Corp. bought a new stake in shares of Church & Dwight in the 4th quarter valued at about $42,000. Versant Capital Management Inc lifted its stake in shares of Church & Dwight by 42.1% in the 1st quarter. Versant Capital Management Inc now owns 378 shares of the company's stock valued at $42,000 after acquiring an additional 112 shares during the last quarter. Finally, Banque Transatlantique SA bought a new stake in shares of Church & Dwight in the 4th quarter valued at about $46,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Evercore ISI dropped their price objective on Church & Dwight from $102.00 to $101.00 and set an "in-line" rating for the company in a report on Monday, August 4th. Rothschild & Co Redburn cut Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 price objective for the company. in a report on Monday, July 14th. Redburn Atlantic cut Church & Dwight from a "hold" rating to a "strong sell" rating in a report on Monday, July 14th. Oppenheimer dropped their price objective on Church & Dwight from $120.00 to $115.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. dropped their price objective on Church & Dwight from $97.00 to $92.00 and set an "underweight" rating for the company in a report on Monday, August 4th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Church & Dwight currently has a consensus rating of "Hold" and a consensus price target of $103.94.

Insider Activity

In other Church & Dwight news, EVP Michael Read bought 2,000 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were acquired at an average cost of $91.27 per share, for a total transaction of $182,540.00. Following the purchase, the executive vice president owned 7,505 shares in the company, valued at approximately $684,981.35. This trade represents a 36.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $99.00, for a total value of $1,451,340.00. Following the sale, the director owned 13,747 shares in the company, valued at approximately $1,360,953. This represents a 51.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders purchased 12,879 shares of company stock valued at $1,177,702 and sold 35,915 shares valued at $3,545,300. Insiders own 2.00% of the company's stock.

Church & Dwight Stock Up 0.3%

CHD stock traded up $0.25 on Friday, reaching $92.56. 430,958 shares of the company traded hands, compared to its average volume of 2,058,923. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.84 and a quick ratio of 1.33. The firm has a fifty day simple moving average of $96.14 and a 200-day simple moving average of $100.86. Church & Dwight Co., Inc. has a one year low of $90.50 and a one year high of $116.46. The company has a market cap of $22.55 billion, a P/E ratio of 43.68, a price-to-earnings-growth ratio of 3.87 and a beta of 0.43.

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 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 during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the company earned $0.93 earnings per share. The company's revenue was down .3% on a year-over-year basis. Research 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 declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be issued a dividend of $0.295 per share. The ex-dividend date is Friday, August 15th. This represents a $1.18 annualized dividend and a dividend yield of 1.3%. Church & Dwight's dividend payout ratio (DPR) 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.