Ascent Group LLC Grows Stake in Church & Dwight Co., Inc. $CHD

Key Points

• Ascent Group LLC increased its holdings in Church & Dwight Co., Inc. by 41.9% during Q1, acquiring an additional 9,791 shares for a total worth of $3,649,000.
• Church & Dwight's stock price has seen a slight decline of 1.2%, with current trading at $94.61 and a 12-month range between $90.50 and $116.46.
• Despite a revenue decline of 0.3% year-over-year, the company reported $0.94 earnings per share for the last quarter, surpassing analysts' expectations of $0.85.

Ascent Group LLC boosted its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 41.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,150 shares of the company's stock after purchasing an additional 9,791 shares during the period. Ascent Group LLC's holdings in Church & Dwight were worth $3,649,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CHD. IAG Wealth Partners LLC grew its position in Church & Dwight by 92.9% during the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock valued at $30,000 after buying an additional 130 shares during the period. Wayfinding Financial LLC purchased a new position in shares of Church & Dwight during the 1st quarter worth $40,000. Bernard Wealth Management Corp. bought a new stake in shares of Church & Dwight during the 4th quarter valued at $42,000. Versant Capital Management Inc increased 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 worth $42,000 after purchasing an additional 112 shares in the last quarter. Finally, Chilton Capital Management LLC raised its holdings in Church & Dwight by 90.9% in the 1st quarter. Chilton Capital Management LLC now owns 420 shares of the company's stock worth $46,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 86.60% of the company's stock.

Insider Transactions at Church & Dwight

In other news, EVP Carlen Hooker sold 6,380 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $98.30, for a total transaction of $627,154.00. Following the sale, the executive vice president directly owned 262 shares of the company's stock, valued at $25,754.60. This represents a 96.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard A. Dierker bought 5,470 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was acquired at an average cost of $91.57 per share, with a total value of $500,887.90. Following the completion of the acquisition, the chief executive officer owned 27,212 shares of the company's stock, valued at $2,491,802.84. This represents a 25.16% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 12,879 shares of company stock valued at $1,177,702 over the last 90 days. Insiders own 2.00% of the company's stock.

Church & Dwight Price Performance

CHD traded down $1.36 during trading on Friday, hitting $93.06. 1,480,179 shares of the company traded hands, compared to its average volume of 2,044,196. The company has a market cap of $22.67 billion, a PE ratio of 43.90, a P/E/G ratio of 3.84 and a beta of 0.44. Church & Dwight Co., Inc. has a 1 year low of $90.50 and a 1 year high of $116.46. 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 simple moving average is $94.79 and its two-hundred day simple moving average is $99.20.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.48 billion. During the same quarter last year, the business posted $0.93 earnings per share. The business'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. As a group, 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a $0.295 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.18 dividend on an annualized basis and a yield of 1.3%. Church & Dwight's payout ratio is presently 55.66%.

Wall Street Analysts Forecast Growth

CHD has been the subject of several recent research reports. UBS Group boosted their price target on Church & Dwight from $102.00 to $103.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Redburn Atlantic downgraded Church & Dwight from a "hold" rating to a "strong sell" rating in a research note on Monday, July 14th. Royal Bank Of Canada raised shares of Church & Dwight from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $100.00 to $114.00 in a report on Monday, June 2nd. Barclays lowered their price target on shares of Church & Dwight from $84.00 to $83.00 and set an "underweight" rating on the stock in a report on Monday, August 4th. Finally, Evercore ISI reduced their price objective on shares of Church & Dwight from $102.00 to $101.00 and set an "in-line" rating for the company in a research note on Monday, August 4th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, Church & Dwight presently has a consensus rating of "Hold" and an average target price of $103.94.

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.