Congress Asset Management Co. Reduces Position in Church & Dwight Co., Inc. $CHD

Key Points

• Congress Asset Management Co. has reduced its holdings in Church & Dwight by 57.9%, finishing the second quarter with 9,332 shares valued at approximately $897,000.
• Church & Dwight reported an EPS of $0.94 for the last quarter, surpassing analyst expectations of $0.85, along with revenues of $1.51 billion.
• The company has recently declared a quarterly dividend of $0.295 per share, reflecting an annualized dividend of $1.18 and a 1.4% yield for investors.

Congress Asset Management Co. trimmed its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 57.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,332 shares of the company's stock after selling 12,839 shares during the quarter. Congress Asset Management Co.'s holdings in Church & Dwight were worth $897,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of CHD. IAG Wealth Partners LLC increased its position in shares of Church & Dwight by 92.9% during the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock worth $30,000 after acquiring an additional 130 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Church & Dwight during the first quarter worth about $40,000. Versant Capital Management Inc increased its position in shares of Church & Dwight by 42.1% during the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock worth $42,000 after acquiring an additional 112 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Church & Dwight during the second quarter worth about $45,000. Finally, Chilton Capital Management LLC increased its position in shares of 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 acquiring an additional 200 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Stock Up 1.0%

NYSE:CHD opened at $86.70 on Friday. The firm has a market capitalization of $21.12 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 3.58 and a beta of 0.44. The stock has a 50 day moving average of $93.00 and a 200-day moving average of $97.48. Church & Dwight Co., Inc. has a 52 week low of $85.61 and a 52 week 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.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.85 by $0.09. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%.The business's revenue was down .3% compared to the same quarter last year. During the same period 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. Analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Evercore ISI dropped their target price on Church & Dwight from $102.00 to $101.00 and set an "in-line" rating on the stock in a research report on Monday, August 4th. UBS Group boosted their price objective on Church & Dwight from $102.00 to $103.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Rothschild & Co Redburn lowered Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 price objective for the company. in a report on Monday, July 14th. Redburn Atlantic lowered Church & Dwight from a "hold" rating to a "strong sell" rating in a report on Monday, July 14th. Finally, Redburn Partners set a $83.00 price objective on Church & Dwight in a report on Monday, July 14th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Church & Dwight has a consensus rating of "Hold" and a consensus price target of $103.44.

Insider Transactions at Church & Dwight

In other Church & Dwight news, EVP Michael Read acquired 2,000 shares of Church & Dwight stock in a transaction dated Tuesday, August 5th. The stock was acquired at an average cost 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 in the company, valued at approximately $684,981.35. This represents a 36.33% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Lee B. Mcchesney acquired 5,409 shares of Church & Dwight stock in a transaction dated Friday, August 8th. The shares were acquired at an average price of $91.38 per share, with a total value of $494,274.42. Following the completion of the transaction, the executive vice president owned 5,409 shares of the company's stock, valued at approximately $494,274.42. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 12,879 shares of company stock worth $1,177,702. Company insiders own 2.00% of the company's stock.

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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