Church & Dwight Co., Inc. $CHD Shares Sold by Royal Bank of Canada

Key Points

• Royal Bank of Canada reduced its holdings in Church & Dwight Co., Inc. by 9.3%, now owning 586,396 shares valued at $64.55 million after selling 59,932 shares in the first quarter.
• Church & Dwight reported $0.94 earnings per share for the last quarter, exceeding analyst expectations, while revenues reached $1.51 billion.
• The company declared a quarterly dividend of $0.295 per share, representing an annualized dividend yield of 1.2% with a payout ratio of 55.66%.

Royal Bank of Canada lessened its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 9.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 586,396 shares of the company's stock after selling 59,932 shares during the quarter. Royal Bank of Canada owned 0.24% of Church & Dwight worth $64,555,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CHD. Mercer Global Advisors Inc. ADV boosted its position in Church & Dwight by 53.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 10,511 shares of the company's stock valued at $1,101,000 after buying an additional 3,659 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of Church & Dwight by 63.7% in the 4th quarter. Aptus Capital Advisors LLC now owns 3,557 shares of the company's stock valued at $372,000 after acquiring an additional 1,384 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Church & Dwight by 68.6% in the fourth quarter. BNP Paribas Financial Markets now owns 432,537 shares of the company's stock worth $45,291,000 after acquiring an additional 176,063 shares during the period. Benjamin Edwards Inc. increased its stake in shares of Church & Dwight by 3.6% in the fourth quarter. Benjamin Edwards Inc. now owns 11,713 shares of the company's stock worth $1,226,000 after acquiring an additional 411 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Church & Dwight during the fourth quarter worth $15,298,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Price Performance

CHD traded down $1.89 during trading on Wednesday, hitting $93.02. The company's stock had a trading volume of 1,884,322 shares, compared to its average volume of 1,812,062. The firm has a market capitalization of $22.66 billion, a price-to-earnings ratio of 43.88, a P/E/G ratio of 3.92 and a beta of 0.44. Church & Dwight Co., Inc. has a twelve month low of $90.50 and a twelve month high of $116.46. The business's fifty day simple moving average is $94.87 and its 200 day simple moving average is $99.30. 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 announced its 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 firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%.The business's revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm 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. On average, equities research analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a dividend of $0.295 per share. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group upped their price target on shares of Church & Dwight from $102.00 to $103.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Barclays lowered their target price on Church & Dwight from $84.00 to $83.00 and set an "underweight" rating on the stock in a research note on Monday, August 4th. Wall Street Zen upgraded Church & Dwight from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Wells Fargo & Company upped their price objective on Church & Dwight from $105.00 to $108.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Finally, Redburn Partners set a $83.00 target price on shares of Church & Dwight in a report on Monday, July 14th. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $103.94.

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Carlen Hooker sold 6,380 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $98.30, for a total transaction of $627,154.00. Following the completion of the transaction, the executive vice president owned 262 shares of the company's stock, valued at $25,754.60. This represents a 96.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Read purchased 2,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average cost of $91.27 per share, for a total transaction of $182,540.00. Following the completion of the purchase, 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 disclosure for this purchase can be found here. Insiders have bought 12,879 shares of company stock worth $1,177,702 in the last quarter. Company insiders own 2.00% of the company's stock.

Church & Dwight 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.