QRG Capital Management Inc. Raises Holdings in Church & Dwight Co., Inc. $CHD

Key Points

• QRG Capital Management Inc. increased its stake in Church & Dwight Co., Inc. by 69.6%, owning 30,857 shares valued at approximately $2.97 million after buying an additional 12,660 shares in the second quarter.
• Church & Dwight's stock experienced a 1.2% increase, with a market capitalization of $21.67 billion and a 52-week price range between $85.08 and $116.46.
• Several analysts revised their price targets for Church & Dwight, with UBS raising it to $103.00 and Wells Fargo decreasing it to $100.00, indicating a consensus average target price of $103.44.

QRG Capital Management Inc. increased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 69.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,857 shares of the company's stock after buying an additional 12,660 shares during the period. QRG Capital Management Inc.'s holdings in Church & Dwight were worth $2,966,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CHD. Allianz Asset Management GmbH increased its position in Church & Dwight by 451.2% during the 1st quarter. Allianz Asset Management GmbH now owns 81,065 shares of the company's stock valued at $8,924,000 after purchasing an additional 66,357 shares during the period. Penserra Capital Management LLC increased its holdings in Church & Dwight by 1,201.4% during the first quarter. Penserra Capital Management LLC now owns 8,342 shares of the company's stock valued at $918,000 after buying an additional 7,701 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Church & Dwight by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 353,960 shares of the company's stock worth $38,968,000 after buying an additional 5,367 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Church & Dwight by 46.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 77,927 shares of the company's stock worth $8,579,000 after buying an additional 24,763 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in 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 valued at $4,137,000 after acquiring an additional 3,254 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CHD. UBS Group boosted their price target on Church & Dwight from $102.00 to $103.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Wells Fargo & Company reduced their target price on shares of Church & Dwight from $108.00 to $100.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. Barclays decreased their price target on shares of Church & Dwight from $84.00 to $83.00 and set an "underweight" rating for the company in a research report on Monday, August 4th. Wall Street Zen raised shares of Church & Dwight from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, Redburn Partners set a $83.00 target price on shares of Church & Dwight in a research report on Monday, July 14th. 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $103.44.

Church & Dwight Stock Up 1.2%

CHD stock opened at $88.95 on Tuesday. The firm has a 50 day moving average of $91.90 and a 200 day moving average of $96.54. The stock has a market capitalization of $21.67 billion, a PE ratio of 41.96, a price-to-earnings-growth ratio of 3.63 and a beta of 0.43. The company has a quick ratio of 1.33, a current ratio of 1.84 and a debt-to-equity ratio of 0.50. Church & Dwight Co., Inc. has a 52 week low of $85.08 and a 52 week high of $116.46.

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. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Church & Dwight had a net margin of 8.66% and a return on equity of 19.27%. Church & Dwight's revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a $0.295 dividend. The ex-dividend date 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 news, EVP Michael Read purchased 2,000 shares of the company's stock in a transaction on 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 purchase, the executive vice president owned 7,505 shares in the company, valued at $684,981.35. This trade represents a 36.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard A. Dierker acquired 5,470 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was purchased at an average cost of $91.57 per share, for a total transaction of $500,887.90. Following the completion of the acquisition, the chief executive officer directly 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 disclosure for this purchase can be found here. In the last 90 days, insiders bought 12,879 shares of company stock valued at $1,177,702. 1.20% of the stock is owned by company insiders.

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.

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