Pittenger & Anderson Inc. Grows Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Pittenger & Anderson Inc. lifted its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 8.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,033 shares of the company's stock after purchasing an additional 6,423 shares during the quarter. Pittenger & Anderson Inc.'s holdings in Church & Dwight were worth $9,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. IAG Wealth Partners LLC boosted its stake in Church & Dwight by 92.9% in the 1st quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock worth $30,000 after purchasing an additional 130 shares during the period. Wayfinding Financial LLC bought a new stake in Church & Dwight during the 1st quarter valued at about $40,000. Versant Capital Management Inc increased its holdings 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. Bernard Wealth Management Corp. purchased a new position in Church & Dwight during the 4th quarter valued at about $40,000. Finally, Chilton Capital Management LLC lifted its position in shares of Church & Dwight by 90.9% during the first quarter. Chilton Capital Management LLC now owns 420 shares of the company's stock valued at $46,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company's stock.

Church & Dwight Trading Down 1.2%

Shares of CHD traded down $1.17 during mid-day trading on Tuesday, reaching $95.91. The stock had a trading volume of 917,629 shares, compared to its average volume of 1,763,934. Church & Dwight Co., Inc. has a 52-week low of $90.99 and a 52-week high of $116.46. The firm has a market cap of $23.62 billion, a price-to-earnings ratio of 41.14, a P/E/G ratio of 3.93 and a beta of 0.51. The business's fifty day moving average is $96.73 and its 200 day moving average is $102.43. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.95 and a quick ratio of 1.43.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.02. Church & Dwight had a net margin of 9.52% and a return on equity of 19.28%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the firm posted $0.96 earnings per share. Church & Dwight's revenue was down 2.4% compared to the same quarter last year. On average, sell-side analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were paid a $0.295 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.18 annualized dividend and a dividend yield of 1.23%. Church & Dwight's dividend payout ratio (DPR) is 50.64%.

Analyst Ratings Changes

Several equities analysts recently commented on CHD shares. Redburn Partners set a $83.00 price objective on shares of Church & Dwight in a research report on Monday. JPMorgan Chase & Co. decreased their target price on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a report on Friday, April 11th. Oppenheimer cut their price target on shares of Church & Dwight from $120.00 to $115.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Truist Financial set a $110.00 price objective on shares of Church & Dwight and gave the company a "buy" rating in a research note on Friday, June 6th. Finally, Wells Fargo & Company boosted their target price on shares of Church & Dwight from $105.00 to $108.00 and gave the company an "overweight" rating in a research report on Wednesday, July 9th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $104.38.

Insiders Place Their Bets

In related news, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $99.00, for a total transaction of $1,451,340.00. Following the sale, the director directly owned 13,747 shares in the company, valued at approximately $1,360,953. This represents a 51.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Carlen Hooker sold 6,380 shares of the company'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 transaction, the executive vice president directly owned 262 shares of the company's stock, valued at $25,754.60. This trade represents a 96.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,575 shares of company stock valued at $4,910,586. 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.