Parallel Advisors LLC Has $713,000 Stock Holdings in Church & Dwight Co., Inc. $CHD

Key Points

• Parallel Advisors LLC has reduced its stake in Church & Dwight Co., Inc. by 29.5% during the second quarter, with their holdings now valued at $713,000 after selling 3,109 shares.
• Several institutional investors, including Wealth Enhancement Advisory Services LLC and Allianz Asset Management GmbH, have significantly increased their positions in Church & Dwight, showcasing strong interest in the stock.
• Church & Dwight reported $1.51 billion in revenue for the quarter and a net margin of 8.66%, while also announcing a quarterly dividend of $0.295 per share with a yield of 1.3%.

Parallel Advisors LLC lessened its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 29.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,419 shares of the company's stock after selling 3,109 shares during the period. Parallel Advisors LLC's holdings in Church & Dwight were worth $713,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Church & Dwight by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 31,441,639 shares of the company's stock valued at $3,461,410,000 after buying an additional 750,575 shares during the last quarter. Northern Trust Corp boosted its stake in Church & Dwight by 2.6% during the 1st quarter. Northern Trust Corp now owns 3,097,722 shares of the company's stock valued at $341,028,000 after purchasing an additional 79,170 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Church & Dwight by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,558,231 shares of the company's stock valued at $281,636,000 after purchasing an additional 153,270 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Church & Dwight by 5.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,404,961 shares of the company's stock valued at $251,823,000 after purchasing an additional 124,560 shares during the period. Finally, American Century Companies Inc. boosted its stake in Church & Dwight by 48.3% during the 1st quarter. American Century Companies Inc. now owns 2,115,040 shares of the company's stock valued at $232,845,000 after purchasing an additional 688,863 shares during the period. Institutional investors own 86.60% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their target price 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. Wall Street Zen raised shares of Church & Dwight from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Wells Fargo & Company upped their price target on shares of Church & Dwight from $105.00 to $108.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 9th. Rothschild & Co Redburn lowered shares of Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 price target for the company. in a research note on Monday, July 14th. Finally, Redburn Partners set a $83.00 price target on shares of Church & Dwight in a research note on Monday, July 14th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $103.94.

Church & Dwight Price Performance

CHD stock traded down $1.77 on Friday, hitting $90.30. 4,641,516 shares of the company's stock traded hands, compared to its average volume of 1,726,758. Church & Dwight Co., Inc. has a 1-year low of $90.22 and a 1-year high of $116.46. The stock has a market cap of $22.00 billion, a price-to-earnings ratio of 42.59, a P/E/G ratio of 3.80 and a beta of 0.44. The stock has a fifty day moving average of $93.98 and a 200-day moving average of $98.43. 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 released 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. 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 during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the business earned $0.93 earnings per share. The business's quarterly revenue was down .3% on a year-over-year basis. 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 forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.295 per share. The ex-dividend date was Friday, August 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.3%. Church & Dwight's payout ratio is currently 55.66%.

Insider Activity

In other news, EVP Michael Read purchased 2,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average price of $91.27 per share, for a total transaction of $182,540.00. Following the completion of the acquisition, the executive vice president directly owned 7,505 shares of the company's stock, valued at $684,981.35. The trade was a 36.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard A. Dierker purchased 5,470 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were purchased at an average price of $91.57 per share, for a total transaction of $500,887.90. Following the acquisition, the chief executive officer directly owned 27,212 shares of the company's stock, valued at $2,491,802.84. This trade represents a 25.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 12,879 shares of company stock worth $1,177,702 over the last 90 days. 2.00% of the stock is owned by company insiders.

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.