Ieq Capital LLC Trims Stock Position in Church & Dwight Co., Inc. $CHD

Key Points

• Ieq Capital LLC decreased its stock position in Church & Dwight Co., Inc. by 60.1%, owning only 13,178 shares after selling 19,818 shares in the first quarter.
• Church & Dwight recently announced a quarterly dividend of $0.295 per share, set to be paid to shareholders on September 2nd, reflecting a 1.3% yield.
• The company's Q2 earnings exceeded expectations, reporting $0.94 earnings per share, which is higher than the consensus estimate of $0.85.

Ieq Capital LLC lessened its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 60.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,178 shares of the company's stock after selling 19,818 shares during the quarter. Ieq Capital LLC's holdings in Church & Dwight were worth $1,451,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IAG Wealth Partners LLC lifted its holdings in shares of Church & Dwight by 92.9% during the 1st quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock valued at $30,000 after purchasing an additional 130 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in Church & Dwight during the 1st quarter worth about $40,000. Bernard Wealth Management Corp. acquired a new stake in Church & Dwight during the 4th quarter worth about $42,000. Versant Capital Management Inc grew its position in Church & Dwight by 42.1% during the 1st quarter. Versant Capital Management Inc now owns 378 shares of the company's stock worth $42,000 after purchasing an additional 112 shares during the period. Finally, Banque Transatlantique SA acquired a new stake in Church & Dwight during the 4th quarter worth about $46,000. Institutional investors own 86.60% of the company's stock.

Church & Dwight Price Performance

CHD stock traded up $0.48 during trading on Friday, hitting $95.71. The stock had a trading volume of 2,928,369 shares, compared to its average volume of 1,812,918. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.84 and a quick ratio of 1.33. Church & Dwight Co., Inc. has a twelve month low of $90.50 and a twelve month high of $116.46. The stock has a market capitalization of $23.32 billion, a P/E ratio of 45.15, a PEG ratio of 3.96 and a beta of 0.44. The company's 50-day moving average price is $95.06 and its two-hundred day moving average price is $99.48.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.09. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%.The company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same period in the previous year, the firm posted $0.93 EPS. Church & Dwight's 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 fiscal year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 15th. Church & Dwight's payout ratio is presently 55.66%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CHD. Truist Financial set a $110.00 price target on Church & Dwight and gave the stock a "buy" rating in a research report on Friday, June 6th. JPMorgan Chase & Co. dropped their target price on Church & Dwight from $97.00 to $92.00 and set an "underweight" rating on the stock in a research report on Monday, August 4th. 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. Barclays dropped their target price 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. Finally, Wells Fargo & Company raised their target price on Church & Dwight from $105.00 to $108.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Seven 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 company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $103.94.

Insider Transactions at Church & Dwight

In related news, CEO Richard A. Dierker purchased 5,470 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was acquired at an average cost of $91.57 per share, for a total transaction of $500,887.90. Following the completion of the transaction, the chief executive officer directly owned 27,212 shares of the company's stock, valued at approximately $2,491,802.84. This trade represents a 25.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Lee B. Mcchesney bought 5,409 shares of the company's stock in a transaction on Friday, August 8th. The stock was bought at an average price of $91.38 per share, with a total value of $494,274.42. Following the completion of the acquisition, the executive vice president owned 5,409 shares in the company, valued at $494,274.42. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 12,879 shares of company stock valued at $1,177,702. 2.00% of the stock is currently owned by corporate insiders.

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.