TD Asset Management Inc Cuts Position in Church & Dwight Co., Inc. $CHD

Key Points

• TD Asset Management Inc reduced its stake in Church & Dwight Co., Inc. by 11.7% during the second quarter, owning 109,778 shares valued at approximately $10.55 million.
• Church & Dwight's recent earnings report showed an EPS of $0.94, beating the consensus estimate by $0.09, despite a 0.3% decline in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.295, resulting in an annual yield of 1.3% and a payout ratio of 55.66%.

TD Asset Management Inc decreased its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 11.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,778 shares of the company's stock after selling 14,565 shares during the quarter. TD Asset Management Inc's holdings in Church & Dwight were worth $10,551,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new stake in Church & Dwight in the first quarter valued at approximately $40,000. Opal Wealth Advisors LLC purchased a new stake in shares of Church & Dwight during the second quarter worth $45,000. Chilton Capital Management LLC increased 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 worth $46,000 after acquiring an additional 200 shares during the period. Motco purchased a new stake in shares of Church & Dwight during the first quarter worth $46,000. Finally, North Capital Inc. purchased a new stake in shares of Church & Dwight during the first quarter worth $47,000. Hedge funds and other institutional investors own 86.60% of the company's stock.

Church & Dwight Stock Performance

NYSE:CHD opened at $88.56 on Friday. The firm has a market capitalization of $21.57 billion, a PE ratio of 41.78, a price-to-earnings-growth ratio of 3.81 and a beta of 0.43. The business's fifty day moving average price is $90.92 and its 200 day moving average price is $95.36. 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 12 month low of $85.08 and a 12 month high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.94 EPS for the quarter, beating the consensus estimate 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%.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 company posted $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, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, August 15th. Church & Dwight's dividend payout ratio is currently 55.66%.

Insider Buying and Selling at Church & Dwight

In related news, CEO Richard A. Dierker acquired 5,470 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was bought at an average price of $91.57 per share, for a total transaction of $500,887.90. Following the completion of the purchase, the chief executive officer directly owned 27,212 shares of the company's stock, valued at approximately $2,491,802.84. The trade was a 25.16% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Lee B. Mcchesney acquired 5,409 shares of the firm's stock in a transaction on Friday, August 8th. The stock was bought at an average price of $91.38 per share, with a total value of $494,274.42. Following the purchase, the executive vice president directly 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. Insiders purchased 12,879 shares of company stock worth $1,177,702 over the last 90 days. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

CHD has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on Church & Dwight from $97.00 to $92.00 and set an "underweight" rating on the stock in a research report on Monday, August 4th. Evercore ISI cut their price objective on Church & Dwight from $102.00 to $101.00 and set an "in-line" rating on the stock in a research report on Monday, August 4th. Rothschild & Co Redburn lowered Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 price objective on the stock. in a research report on Monday, July 14th. Redburn Partners set a $83.00 price objective on Church & Dwight in a research report on Monday, July 14th. Finally, Citigroup cut their price objective on Church & Dwight from $88.00 to $85.00 and set a "sell" rating on the stock in a research report on Thursday, October 9th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $100.88.

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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