Penobscot Investment Management Company Inc. Sells 6,661 Shares of Church & Dwight Co., Inc. $CHD

Key Points

• Penobscot Investment Management Company Inc. reduced its stake in Church & Dwight Co., Inc. by 11.1%, selling 6,661 shares, bringing its total holdings to 53,395 shares worth approximately $5.13 million.
• CEO Richard A. Dierker and EVP Lee B. Mcchesney increased their respective shareholdings by purchasing 5,470 and 5,409 shares, indicating confidence in the company's future prospects.
• Church & Dwight recently announced a quarterly dividend of $0.295 per share, with a yield of 1.3%, reaffirming its commitment to returning value to shareholders amidst a challenging quarter of revenue slightly down year-over-year.

Penobscot Investment Management Company Inc. cut its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 11.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 53,395 shares of the company's stock after selling 6,661 shares during the period. Penobscot Investment Management Company Inc.'s holdings in Church & Dwight were worth $5,132,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHD. IAG Wealth Partners LLC increased its position 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 bought a new position in Church & Dwight in the first quarter worth approximately $40,000. Versant Capital Management Inc boosted its stake in shares of 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 acquiring an additional 112 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Church & Dwight during the 2nd quarter valued at $45,000. Finally, Chilton Capital Management LLC increased its stake in shares of Church & Dwight by 90.9% in the 1st quarter. Chilton Capital Management LLC now owns 420 shares of the company's stock worth $46,000 after purchasing an additional 200 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Church & Dwight news, CEO Richard A. Dierker purchased 5,470 shares of Church & Dwight stock in a transaction that occurred on Tuesday, August 12th. The shares were bought at an average price of $91.57 per share, for a total transaction of $500,887.90. Following the completion of the transaction, the chief executive officer 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Lee B. Mcchesney purchased 5,409 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were acquired at an average cost of $91.38 per share, for a total transaction of $494,274.42. Following the purchase, the executive vice president owned 5,409 shares of the company's stock, valued at $494,274.42. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 12,879 shares of company stock worth $1,177,702. Corporate insiders own 2.00% of the company's stock.

Church & Dwight Trading Down 0.6%

Shares of CHD opened at $87.88 on Friday. The firm has a market cap of $21.41 billion, a P/E ratio of 41.45, a price-to-earnings-growth ratio of 3.65 and a beta of 0.43. 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 1 year low of $85.08 and a 1 year high of $116.46. The company has a 50 day simple moving average of $92.04 and a two-hundred day simple moving average of $96.82.

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, topping the consensus estimate of $0.85 by $0.09. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Church & Dwight had a net margin of 8.66% and a return on equity of 19.27%. The company's quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 earnings per share. 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, equities 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 announced 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 payout ratio is 55.66%.

Wall Street Analyst Weigh In

CHD has been the topic of several analyst reports. Rothschild & Co Redburn downgraded Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 target price on the stock. in a research report on Monday, July 14th. Redburn Atlantic downgraded Church & Dwight from a "hold" rating to a "strong sell" rating in a research note on Monday, July 14th. UBS Group boosted their price objective on Church & Dwight from $102.00 to $103.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Redburn Partners set a $83.00 target price on shares of Church & Dwight in a report on Monday, July 14th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Church & Dwight in a report on Saturday, September 27th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, Church & Dwight presently has a consensus rating of "Hold" and a consensus target price of $103.44.

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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