Church & Dwight Co., Inc. $CHD Shares Sold by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC reduced its stake in Church & Dwight Co., Inc. by 18.6%, selling 4,801 shares during the first quarter, leaving them with 20,969 shares valued at approximately $2.3 million.
• Institutional investors own 86.60% of Church & Dwight, with several firms such as IAG Wealth Partners LLC and Chilton Capital Management LLC increasing their holdings significantly in the first quarter.
• Church & Dwight reported earnings of $0.94 EPS for the quarter, exceeding estimates, and has set its fiscal year 2025 guidance at $3.440-$3.510 EPS.

NewEdge Advisors LLC lowered its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 18.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,969 shares of the company's stock after selling 4,801 shares during the period. NewEdge Advisors LLC's holdings in Church & Dwight were worth $2,308,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CHD. Nuveen LLC acquired a new stake in shares of Church & Dwight in the first quarter worth approximately $106,736,000. GAMMA Investing LLC raised its holdings in Church & Dwight by 12,489.8% in the 1st quarter. GAMMA Investing LLC now owns 861,895 shares of the company's stock valued at $94,886,000 after acquiring an additional 855,049 shares during the last quarter. Vanguard Group Inc. raised its holdings in Church & Dwight by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company's stock valued at $3,461,410,000 after acquiring an additional 750,575 shares during the last quarter. American Century Companies Inc. lifted its stake in Church & Dwight by 48.3% in the 1st quarter. American Century Companies Inc. now owns 2,115,040 shares of the company's stock worth $232,845,000 after purchasing an additional 688,863 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of Church & Dwight during the 1st quarter worth approximately $41,743,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHD has been the topic of a number of analyst reports. Barclays reduced their price objective on Church & Dwight from $84.00 to $83.00 and set an "underweight" rating on the stock in a research report on Monday, August 4th. JPMorgan Chase & Co. lowered their price target on shares of Church & Dwight from $97.00 to $92.00 and set an "underweight" rating on the stock in a research report on Monday, August 4th. Royal Bank Of Canada raised shares of Church & Dwight from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $100.00 to $114.00 in a report on Monday, June 2nd. Rothschild & Co Redburn downgraded shares of Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 target price on the stock. in a research note on Monday, July 14th. Finally, Redburn Partners set a $83.00 price target on shares of Church & Dwight in a research note on Monday, July 14th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $103.94.

Insiders Place Their Bets

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

Church & Dwight Stock Up 0.2%

Shares of NYSE:CHD traded up $0.21 on Tuesday, hitting $91.46. 688,153 shares of the company's stock were exchanged, compared to its average volume of 2,037,514. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.84. Church & Dwight Co., Inc. has a 1-year low of $90.50 and a 1-year high of $116.46. The company has a market capitalization of $22.28 billion, a PE ratio of 43.11, a P/E/G ratio of 3.84 and a beta of 0.44. The firm's 50-day moving average is $94.54 and its 200 day moving average is $98.81.

Church & Dwight (NYSE:CHD - Get Free Report) last announced 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 period in the prior year, the company posted $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. Sell-side analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Dividend Announcement

The business 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. This represents a $1.18 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, August 15th. Church & Dwight's dividend payout ratio is currently 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.