Jacobs Levy Equity Management Inc. Invests $35.52 Million in Church & Dwight Co., Inc. $CHD

Key Points

• Jacobs Levy Equity Management Inc. acquired 322,656 shares of Church & Dwight Co., Inc. valued at approximately $35.52 million, marking their first quarter investment in the company.
• Other institutional investors have also significantly increased their stakes in Church & Dwight, with Nuveen LLC and GAMMA Investing LLC both making substantial purchases.
• The company reported $0.94 in earnings per share for the quarter, surpassing analysts’ expectations, with a total revenue of $1.51 billion.

Jacobs Levy Equity Management Inc. acquired a new position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 322,656 shares of the company's stock, valued at approximately $35,521,000. Jacobs Levy Equity Management Inc. owned approximately 0.13% of Church & Dwight at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CHD. Mercer Global Advisors Inc. ADV lifted its stake in Church & Dwight by 53.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,511 shares of the company's stock worth $1,101,000 after acquiring an additional 3,659 shares in the last quarter. Aptus Capital Advisors LLC lifted its stake in Church & Dwight by 63.7% in the 4th quarter. Aptus Capital Advisors LLC now owns 3,557 shares of the company's stock worth $372,000 after acquiring an additional 1,384 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Church & Dwight in the 4th quarter worth about $15,298,000. Cary Street Partners Financial LLC purchased a new stake in Church & Dwight in the 4th quarter worth about $153,000. Finally, Captrust Financial Advisors lifted its stake in Church & Dwight by 11.1% in the 4th quarter. Captrust Financial Advisors now owns 38,430 shares of the company's stock worth $4,024,000 after acquiring an additional 3,847 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Evercore ISI cut their price target on Church & Dwight from $102.00 to $101.00 and set an "in-line" rating for the company in a research note on Monday, August 4th. Wall Street Zen raised Church & Dwight from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Truist Financial set a $110.00 price target on Church & Dwight and gave the stock a "buy" rating in a research note on Friday, June 6th. UBS Group raised their price target on Church & Dwight from $102.00 to $103.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Finally, Redburn Atlantic downgraded Church & Dwight from a "hold" rating to a "strong sell" rating in a research note on Monday, July 14th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Church & Dwight presently has an average rating of "Hold" and an average target price of $103.94.

Church & Dwight Stock Up 1.1%

Shares of NYSE CHD traded up $1.04 during mid-day trading on Thursday, reaching $94.04. 309,407 shares of the company traded hands, compared to its average volume of 2,041,765. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.84. The stock has a market cap of $22.91 billion, a PE ratio of 44.37, a price-to-earnings-growth ratio of 3.92 and a beta of 0.44. The company's fifty day moving average is $94.87 and its two-hundred day moving average is $99.30. Church & Dwight Co., Inc. has a fifty-two week low of $90.50 and a fifty-two week high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.09. The business had revenue of $1.51 billion for 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 firm's revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 EPS. Church & Dwight has set its FY 2025 guidance at 3.440-3.510 EPS. Q3 2025 guidance at 0.720-0.720 EPS. On average, analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a $0.295 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.18 dividend on an annualized basis and a yield of 1.3%. Church & Dwight's dividend payout ratio (DPR) is 55.66%.

Insiders Place Their Bets

In other Church & Dwight news, EVP Michael Read bought 2,000 shares of the stock in a transaction on Tuesday, August 5th. The shares were purchased at an average price of $91.27 per share, with a total value of $182,540.00. Following the acquisition, the executive vice president directly owned 7,505 shares of the company's stock, valued at $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 Carlen Hooker sold 6,380 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $98.30, for a total value of $627,154.00. Following the completion of the sale, the executive vice president directly owned 262 shares in the company, valued at $25,754.60. This trade represents a 96.06% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 12,879 shares of company stock worth $1,177,702. Corporate insiders own 2.00% of the company's stock.

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.