Church & Dwight Co., Inc. $CHD Shares Purchased by Carnegie Investment Counsel

Key Points

• Carnegie Investment Counsel increased its stake in Church & Dwight Co., Inc. by 2.2%, bringing its total ownership to 142,852 shares valued at approximately $13.73 million.
• Church & Dwight reported earnings of $0.94 EPS, exceeding analysts' estimates of $0.85, and achieved a revenue of $1.51 billion for the quarter, up from last year's $1.48 billion.
• The company declared a quarterly dividend of $0.295 per share, resulting in an annualized dividend of $1.18 and a yield of 1.4%.

Carnegie Investment Counsel lifted its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 2.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 142,852 shares of the company's stock after purchasing an additional 3,076 shares during the quarter. Carnegie Investment Counsel owned 0.06% of Church & Dwight worth $13,729,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in Church & Dwight by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company's stock worth $3,461,410,000 after acquiring an additional 750,575 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Church & Dwight by 0.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,269,079 shares of the company's stock valued at $319,193,000 after acquiring an additional 29,369 shares in the last quarter. Northern Trust Corp raised its stake in shares of Church & Dwight by 2.6% in the 1st quarter. Northern Trust Corp now owns 3,097,722 shares of the company's stock valued at $341,028,000 after acquiring an additional 79,170 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Church & Dwight by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,558,231 shares of the company's stock valued at $281,636,000 after acquiring an additional 153,270 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Church & Dwight by 48.3% in the 1st quarter. American Century Companies Inc. now owns 2,115,040 shares of the company's stock valued at $232,845,000 after acquiring an additional 688,863 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

Church & Dwight Stock Performance

CHD opened at $86.68 on Friday. The stock has a market cap of $21.12 billion, a PE ratio of 40.89, a P/E/G ratio of 3.79 and a beta of 0.43. The company has a current ratio of 1.84, a quick ratio of 1.33 and a debt-to-equity ratio of 0.50. Church & Dwight Co., Inc. has a 1 year low of $85.08 and a 1 year high of $116.46. The stock's 50 day simple moving average is $90.53 and its 200-day simple moving average is $94.92.

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

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, August 15th. Church & Dwight's payout ratio is currently 55.66%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CHD shares. Redburn Partners set a $83.00 price objective on Church & Dwight in a research note on Monday, July 14th. Citigroup cut their price objective on Church & Dwight from $88.00 to $85.00 and set a "sell" rating on the stock in a research note on Thursday, October 9th. Redburn Atlantic lowered Church & Dwight from a "hold" rating to a "strong sell" rating in a report on Monday, July 14th. Bank of America reduced their price objective on Church & Dwight from $120.00 to $105.00 and set a "buy" rating for the company in a research report on Wednesday, October 8th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Church & Dwight in a research report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $100.00.

Insider Buying and Selling

In related news, EVP Lee B. Mcchesney acquired 5,409 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was acquired at an average price of $91.38 per share, for a total transaction of $494,274.42. Following the completion of the acquisition, the executive vice president owned 5,409 shares of the company's stock, valued at $494,274.42. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Michael Read purchased 2,000 shares of the stock in a transaction on Tuesday, August 5th. The stock was acquired at an average price of $91.27 per share, with a total value of $182,540.00. Following the completion of the acquisition, the executive vice president directly owned 7,505 shares of the company's stock, valued at approximately $684,981.35. This represents a 36.33% 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 worth $1,177,702 in the last 90 days. Corporate insiders own 2.00% of the company's stock.

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.

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