Russell Investments Group Ltd. Has $30.04 Million Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Key Points

• Russell Investments Group Ltd. increased its holdings in Church & Dwight by 18.5% during the first quarter, owning approximately 273,235 shares valued at $30.04 million.
• Church & Dwight recently announced a quarterly dividend of $0.295, representing a 1.3% yield, with the payment scheduled for September 2nd.
• Analysts have mixed ratings for Church & Dwight; it has four sell ratings, seven hold ratings, and seven buy ratings, reflecting varying confidence in the stock's outlook.

Russell Investments Group Ltd. grew its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 18.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 273,235 shares of the company's stock after purchasing an additional 42,712 shares during the quarter. Russell Investments Group Ltd. owned about 0.11% of Church & Dwight worth $30,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IAG Wealth Partners LLC lifted its stake in shares of Church & Dwight by 92.9% in 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 period. Wayfinding Financial LLC acquired a new position in shares of Church & Dwight in the 1st quarter valued at about $40,000. Versant Capital Management Inc lifted its stake in shares of Church & Dwight by 42.1% in the 1st quarter. Versant Capital Management Inc now owns 378 shares of the company's stock valued at $42,000 after purchasing an additional 112 shares during the period. Bernard Wealth Management Corp. acquired a new position in shares of Church & Dwight in the 4th quarter valued at about $42,000. Finally, Chilton Capital Management LLC lifted 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 valued at $46,000 after purchasing an additional 200 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Church & Dwight

In other news, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $99.00, for a total value of $1,451,340.00. Following the transaction, the director owned 13,747 shares in the company, valued at $1,360,953. The trade was a 51.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard A. Dierker bought 5,470 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was acquired at an average price of $91.57 per share, for a total transaction of $500,887.90. Following the purchase, the chief executive officer directly owned 27,212 shares in the company, valued at approximately $2,491,802.84. The trade was a 25.16% 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 and have sold 35,915 shares worth $3,545,300. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CHD. Evercore ISI dropped their price objective on Church & Dwight from $102.00 to $101.00 and set an "in-line" rating on the stock in a research note on Monday, August 4th. Wall Street Zen raised Church & Dwight from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. UBS Group boosted their target price on Church & Dwight from $102.00 to $103.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. decreased their target price on Church & Dwight from $97.00 to $92.00 and set an "underweight" rating for the company in a research report on Monday, August 4th. Finally, Redburn Atlantic lowered Church & Dwight from a "hold" rating to a "strong sell" rating in a research report on Monday, July 14th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Church & Dwight currently has a consensus rating of "Hold" and a consensus target price of $103.94.

Church & Dwight Stock Performance

Shares of CHD opened at $92.46 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.33 and a current ratio of 1.84. The stock has a 50 day moving average price of $96.00 and a two-hundred day moving average price of $100.76. The firm has a market capitalization of $22.52 billion, a P/E ratio of 43.61, a P/E/G ratio of 3.82 and a beta of 0.43. Church & Dwight Co., Inc. has a 52 week low of $90.50 and a 52 week high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.09. The firm had revenue of $1.51 billion during 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 company's revenue for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 EPS. Equities analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, August 15th. Church & Dwight's payout ratio is presently 55.66%.

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.

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