Penserra Capital Management LLC Buys 7,701 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Penserra Capital Management LLC raised its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 1,201.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,342 shares of the company's stock after acquiring an additional 7,701 shares during the quarter. Penserra Capital Management LLC's holdings in Church & Dwight were worth $918,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IAG Wealth Partners LLC boosted its stake in Church & Dwight by 92.9% in the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock valued at $30,000 after acquiring an additional 130 shares during the last quarter. Wayfinding Financial LLC bought a new position in Church & Dwight in the first quarter valued at approximately $40,000. Versant Capital Management Inc boosted its stake in Church & Dwight by 42.1% in the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock valued at $42,000 after acquiring an additional 112 shares during the last quarter. Bernard Wealth Management Corp. bought a new position in Church & Dwight in the fourth quarter valued at approximately $40,000. Finally, Chilton Capital Management LLC boosted its stake in Church & Dwight by 90.9% in the first quarter. Chilton Capital Management LLC now owns 420 shares of the company's stock valued at $46,000 after acquiring an additional 200 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CHD has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised shares of Church & Dwight from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from $100.00 to $114.00 in a research report on Monday, June 2nd. Wells Fargo & Company lifted their price target on shares of Church & Dwight from $105.00 to $108.00 and gave the stock an "overweight" rating in a research report on Wednesday. UBS Group reduced their price target on shares of Church & Dwight from $110.00 to $102.00 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Oppenheimer reduced their price target on shares of Church & Dwight from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Finally, TD Cowen cut shares of Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 price target on the stock. in a research report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Church & Dwight presently has an average rating of "Hold" and an average price target of $107.43.

Church & Dwight Stock Down 1.1%

Shares of NYSE:CHD traded down $1.06 during midday trading on Friday, reaching $98.03. 1,425,771 shares of the company were exchanged, compared to its average volume of 1,766,842. Church & Dwight Co., Inc. has a fifty-two week low of $90.99 and a fifty-two week high of $116.46. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $96.65 and a two-hundred day simple moving average of $102.52. The firm has a market cap of $24.14 billion, a PE ratio of 42.07, a P/E/G ratio of 3.93 and a beta of 0.51.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.02. Church & Dwight had a net margin of 9.52% and a return on equity of 19.28%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business earned $0.96 EPS. The company's revenue was down 2.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were paid a $0.295 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.18 annualized dividend and a yield of 1.20%. Church & Dwight's payout ratio is currently 50.64%.

Insider Transactions at Church & Dwight

In other news, Director Penry W. Price sold 14,660 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $93.13, for a total transaction of $1,365,285.80. Following the transaction, the director directly owned 27,043 shares in the company, valued at $2,518,514.59. The trade was a 35.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Read acquired 3,000 shares of the stock in a transaction dated Friday, May 9th. The shares were purchased at an average price of $92.07 per share, for a total transaction of $276,210.00. Following the completion of the purchase, the executive vice president directly owned 5,505 shares in the company, valued at $506,845.35. The trade was a 119.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 50,575 shares of company stock worth $4,910,586. 2.00% of the stock is owned by insiders.

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.