Harbor Capital Advisors Inc. Takes Position in Church & Dwight Co., Inc. (NYSE:CHD)

Harbor Capital Advisors Inc. acquired a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,255 shares of the company's stock, valued at approximately $468,000.

Several other institutional investors also recently bought and sold shares of the company. Pallas Capital Advisors LLC purchased a new stake in Church & Dwight during the 1st quarter valued at about $278,000. Wedmont Private Capital boosted its holdings in shares of Church & Dwight by 12.9% during the 1st quarter. Wedmont Private Capital now owns 5,106 shares of the company's stock valued at $533,000 after acquiring an additional 582 shares during the last quarter. Gateway Investment Advisers LLC boosted its holdings in shares of Church & Dwight by 77.0% during the 1st quarter. Gateway Investment Advisers LLC now owns 10,796 shares of the company's stock valued at $1,189,000 after acquiring an additional 4,698 shares during the last quarter. KFG Wealth Management LLC boosted its holdings in shares of Church & Dwight by 2.2% during the 1st quarter. KFG Wealth Management LLC now owns 5,476 shares of the company's stock valued at $603,000 after acquiring an additional 119 shares during the last quarter. Finally, Radnor Capital Management LLC boosted its holdings in shares of Church & Dwight by 2.2% during the 1st quarter. Radnor Capital Management LLC now owns 7,560 shares of the company's stock valued at $832,000 after acquiring an additional 160 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CHD shares. Evercore ISI dropped their price target on shares of Church & Dwight from $106.00 to $102.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Wall Street Zen downgraded shares of Church & Dwight from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Bank of America raised shares of Church & Dwight from a "neutral" rating to a "buy" rating and raised their price target for the company from $112.00 to $125.00 in a report on Tuesday, April 15th. Cowen downgraded shares of Church & Dwight from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating on the stock in a report on Friday, April 11th. Three 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 MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $108.67.

Insiders Place Their Bets

In other news, EVP Michael Read acquired 3,000 shares of the company's stock in a transaction on Friday, May 9th. The stock was bought at an average cost of $92.07 per share, with a total value of $276,210.00. Following the completion of the purchase, the executive vice president now directly owns 5,505 shares of the company's stock, valued at $506,845.35. This represents a 119.76% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Penry W. Price sold 14,660 shares of Church & Dwight stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $93.13, for a total transaction of $1,365,285.80. Following the transaction, the director now directly owns 27,043 shares of the company's stock, valued at $2,518,514.59. The trade was a 35.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,195 shares of company stock valued at $4,283,432 over the last three months. 1.20% of the stock is owned by company insiders.

Church & Dwight Price Performance

CHD traded down $2.04 during trading hours on Friday, hitting $97.04. The company's stock had a trading volume of 2,096,941 shares, compared to its average volume of 1,722,944. The business's 50-day moving average price is $98.41 and its 200-day moving average price is $103.94. Church & Dwight Co., Inc. has a 12 month low of $90.99 and a 12 month high of $116.46. The stock has a market cap of $23.90 billion, a price-to-earnings ratio of 40.95, a P/E/G ratio of 3.32 and a beta of 0.52. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.02. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter in the previous year, the business posted $0.96 earnings per share. Church & Dwight's quarterly revenue was down 2.4% on a year-over-year basis. Sell-side analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 1.22%. The ex-dividend date was Thursday, May 15th. Church & Dwight's payout ratio is 50.64%.

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.