Raymond James Financial Inc. Grows Stake in Church & Dwight Co., Inc. $CHD

Key Points

• Raymond James Financial Inc. increased its stake in Church & Dwight Co., Inc. by 6.3% in the first quarter, owning approximately 776,957 shares worth about $85.5 million.
• The company reported earnings per share of $0.94 for the last quarter, exceeding analyst expectations of $0.85, despite a 0.3% decrease in revenue year-over-year.
• Church & Dwight announced a quarterly dividend of $0.295 per share, representing a 1.3% yield with a payout ratio of approximately 55.66%.

Raymond James Financial Inc. grew its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 776,957 shares of the company's stock after buying an additional 45,744 shares during the period. Raymond James Financial Inc. owned 0.32% of Church & Dwight worth $85,535,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHD. NewEdge Advisors LLC increased its position in shares of Church & Dwight by 30.8% during the fourth quarter. NewEdge Advisors LLC now owns 25,770 shares of the company's stock valued at $2,698,000 after buying an additional 6,070 shares during the period. GeoWealth Management LLC increased its position in shares of Church & Dwight by 114.6% during the fourth quarter. GeoWealth Management LLC now owns 4,363 shares of the company's stock valued at $457,000 after buying an additional 2,330 shares during the period. Forum Financial Management LP purchased a new position in shares of Church & Dwight during the fourth quarter worth about $300,000. Dimensional Fund Advisors LP grew its holdings in shares of Church & Dwight by 8.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,332,079 shares of the company's stock worth $139,481,000 after purchasing an additional 100,502 shares in the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of Church & Dwight by 1.9% during the fourth quarter. MetLife Investment Management LLC now owns 64,825 shares of the company's stock worth $6,788,000 after purchasing an additional 1,187 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Trading Up 0.0%

Shares of Church & Dwight stock traded up $0.0170 during midday trading on Friday, reaching $94.9770. 1,716,960 shares of the company's stock traded hands, compared to its average volume of 2,402,085. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.84. The company has a market cap of $23.14 billion, a PE ratio of 44.80, a price-to-earnings-growth ratio of 3.92 and a beta of 0.43. The stock has a 50 day moving average of $95.57 and a 200-day moving average of $100.34. Church & Dwight Co., Inc. has a 12 month low of $90.50 and a 12 month high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.09. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%.The firm's revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. 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 expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The firm 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 dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 15th. Church & Dwight's dividend payout ratio is currently 55.66%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Redburn Atlantic lowered Church & Dwight from a "hold" rating to a "strong sell" rating in a report on Monday, July 14th. TD Cowen lowered Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 price objective for the company. in a report on Tuesday, May 6th. JPMorgan Chase & Co. cut 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. Royal Bank Of Canada raised Church & Dwight from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from $100.00 to $114.00 in a report on Monday, June 2nd. Finally, Barclays cut their target price on Church & Dwight from $84.00 to $83.00 and set an "underweight" rating for the company in a research note on Monday, August 4th. 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $103.94.

Insider Activity at Church & Dwight

In other news, EVP Michael Read acquired 2,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was acquired at an average price of $91.27 per share, for a total transaction of $182,540.00. Following the completion of the acquisition, the executive vice president owned 7,505 shares in the company, valued at $684,981.35. This trade represents a 36.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lee B. Mcchesney acquired 5,409 shares of the firm's stock in a transaction on Friday, August 8th. The stock was purchased at an average price of $91.38 per share, with a total value of $494,274.42. Following the acquisition, the executive vice president owned 5,409 shares of the company's stock, valued at $494,274.42. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 12,879 shares of company stock valued at $1,177,702 and have sold 35,915 shares valued at $3,545,300. Insiders own 2.00% of the company's stock.

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.