Northeast Investment Management Lowers Stock Position in Church & Dwight Co., Inc. $CHD

Key Points

• Northeast Investment Management reduced its holdings in Church & Dwight Co., Inc. by 5.4% in the second quarter, owning 64,690 shares valued at approximately $6.2 million after selling shares.
• Several hedge funds, including Allianz Asset Management and Penserra Capital Management, significantly increased their stakes in Church & Dwight during the same period, with Allianz raising its stake by 451.2%.
• Church & Dwight recently announced a quarterly dividend of $0.295, representing an annualized dividend of $1.18 and a yield of 1.3%.

Northeast Investment Management lessened its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 5.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 64,690 shares of the company's stock after selling 3,670 shares during the period. Northeast Investment Management's holdings in Church & Dwight were worth $6,217,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Allianz Asset Management GmbH raised its stake in shares of Church & Dwight by 451.2% during the 1st quarter. Allianz Asset Management GmbH now owns 81,065 shares of the company's stock worth $8,924,000 after acquiring an additional 66,357 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of Church & Dwight by 1,201.4% during the 1st quarter. Penserra Capital Management LLC now owns 8,342 shares of the company's stock worth $918,000 after acquiring an additional 7,701 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Church & Dwight by 1.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 353,960 shares of the company's stock worth $38,968,000 after acquiring an additional 5,367 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Church & Dwight by 46.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 77,927 shares of the company's stock worth $8,579,000 after acquiring an additional 24,763 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Church & Dwight by 9.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,916 shares of the company's stock worth $4,137,000 after acquiring an additional 3,254 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on CHD shares. UBS Group reduced their price objective on shares of Church & Dwight from $103.00 to $98.00 and set a "neutral" rating for the company in a research note on Wednesday, October 8th. Citigroup reduced their price objective on shares of Church & Dwight from $88.00 to $85.00 and set a "sell" rating for the company in a research note on Thursday, October 9th. JPMorgan Chase & Co. reduced their price objective on shares of Church & Dwight from $97.00 to $92.00 and set an "underweight" rating for the company in a research note on Monday, August 4th. Redburn Atlantic lowered shares of Church & Dwight from a "hold" rating to a "strong sell" rating in a research note on Monday, July 14th. Finally, Evercore ISI cut their price target on shares of Church & Dwight from $102.00 to $101.00 and set an "in-line" rating on the stock in a research note on Monday, August 4th. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, Church & Dwight has an average rating of "Hold" and a consensus price target of $100.88.

Church & Dwight Trading Up 1.5%

Shares of Church & Dwight stock opened at $88.56 on Friday. 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 Co., Inc. has a 12-month low of $85.08 and a 12-month high of $116.46. The firm has a market capitalization of $21.57 billion, a price-to-earnings ratio of 41.78, a PEG ratio of 3.81 and a beta of 0.43. The firm's 50 day simple moving average is $90.92 and its two-hundred day simple moving average is $95.36.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.09. Church & Dwight had a net margin of 8.66% and a return on equity of 19.27%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the business posted $0.93 EPS. Church & Dwight's revenue for the quarter 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. 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 issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 15th. Church & Dwight's dividend payout ratio is 55.66%.

Insider Activity

In other Church & Dwight news, EVP Michael Read acquired 2,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average cost 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 approximately $684,981.35. The trade was a 36.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Lee B. Mcchesney acquired 5,409 shares of the company's stock in a transaction dated Friday, August 8th. The stock was acquired at an average cost of $91.38 per share, for a total transaction of $494,274.42. Following the completion of the acquisition, the executive vice president directly owned 5,409 shares in the company, valued at approximately $494,274.42. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 12,879 shares of company stock valued at $1,177,702 in the last ninety days. Insiders own 2.00% of the company's stock.

Church & Dwight Company 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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