Church & Dwight Co., Inc. $CHD Shares Purchased by Pittenger & Anderson Inc.

Key Points

• Pittenger & Anderson Inc. increased its stake in Church & Dwight Co. by 10.2%, holding 93,731 shares valued at approximately $9,008,000.
• Church & Dwight's stock saw price target adjustments, with JPMorgan lowering it from $97.00 to $92.00 and Bank of America reducing it to $105.00, while the consensus target remains at $100.88.
• Church & Dwight declared a quarterly dividend of $0.295 per share, leading to an annualized dividend yield of 1.3%.

Pittenger & Anderson Inc. grew its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 10.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,731 shares of the company's stock after buying an additional 8,698 shares during the period. Pittenger & Anderson Inc.'s holdings in Church & Dwight were worth $9,008,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CHD. Wayfinding Financial LLC purchased a new position in Church & Dwight during the first quarter worth $40,000. Opal Wealth Advisors LLC purchased a new position in Church & Dwight during the second quarter worth $45,000. Chilton Capital Management LLC increased its position in Church & Dwight by 90.9% during the first quarter. Chilton Capital Management LLC now owns 420 shares of the company's stock worth $46,000 after buying an additional 200 shares in the last quarter. Motco purchased a new position in Church & Dwight during the first quarter worth $46,000. Finally, North Capital Inc. purchased a new position in Church & Dwight during the first quarter worth $47,000. Hedge funds and other institutional investors own 86.60% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on CHD. JPMorgan Chase & Co. dropped their price target on Church & Dwight from $97.00 to $92.00 and set an "underweight" rating for the company in a research report on Monday, August 4th. Bank of America lowered 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. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Church & Dwight in a research report on Wednesday, October 8th. Barclays lowered their price objective on Church & Dwight from $84.00 to $83.00 and set an "underweight" rating for the company in a research report on Monday, August 4th. Finally, Redburn Partners set a $83.00 price objective on Church & Dwight in a research report on Monday, July 14th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Church & Dwight has an average rating of "Hold" and a consensus target price of $100.88.

Insider Buying and Selling at Church & Dwight

In other news, EVP Michael Read purchased 2,000 shares of the stock in a transaction on Tuesday, August 5th. The stock was purchased at an average price of $91.27 per share, with a total value of $182,540.00. Following the completion of the transaction, the executive vice president owned 7,505 shares in the company, valued at approximately $684,981.35. The trade was a 36.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard A. Dierker purchased 5,470 shares of the stock in a transaction on Tuesday, August 12th. The shares were purchased at an average cost of $91.57 per share, with a total value of $500,887.90. Following the transaction, the chief executive officer owned 27,212 shares of the company's stock, valued at $2,491,802.84. This trade represents a 25.16% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 12,879 shares of company stock valued at $1,177,702. Company insiders own 1.20% of the company's stock.

Church & Dwight Price Performance

CHD stock opened at $88.02 on Tuesday. The stock has a 50-day moving average price of $90.85 and a two-hundred day moving average price of $95.13. Church & Dwight Co., Inc. has a 12-month low of $85.08 and a 12-month 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 company has a market cap of $21.44 billion, a PE ratio of 41.52, a price-to-earnings-growth ratio of 3.81 and a beta of 0.43.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings results 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. 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 quarter in the previous year, the business earned $0.93 earnings per share. The firm'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, research analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 15th. Church & Dwight's payout ratio is 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.

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