Voya Investment Management LLC Sells 30,762 Shares of Church & Dwight Co., Inc. $CHD

Key Points

• Voya Investment Management LLC reduced its stake in Church & Dwight Co., Inc. by 10.6% during the first quarter, holding approximately 259,857 shares valued at $28.61 million.
• Church & Dwight reported quarterly earnings of $0.94 EPS, exceeding estimates, with a revenue of $1.51 billion, although revenue declined by 0.3% year-over-year.
• The company recently announced a quarterly dividend of $0.295 per share, reflecting an annualized yield of 1.3% and a dividend payout ratio of 55.66%.

Voya Investment Management LLC cut its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 10.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 259,857 shares of the company's stock after selling 30,762 shares during the quarter. Voya Investment Management LLC owned 0.11% of Church & Dwight worth $28,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Cim LLC boosted its holdings in Church & Dwight by 3.1% during the 1st quarter. Cim LLC now owns 35,275 shares of the company's stock valued at $3,883,000 after acquiring an additional 1,066 shares during the period. Modern Wealth Management LLC purchased a new stake in Church & Dwight during the 1st quarter valued at about $668,000. Jacobi Capital Management LLC boosted its holdings in Church & Dwight by 24.5% during the 1st quarter. Jacobi Capital Management LLC now owns 3,612 shares of the company's stock valued at $398,000 after acquiring an additional 711 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Church & Dwight by 54.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,063 shares of the company's stock valued at $117,000 after acquiring an additional 376 shares during the period. Finally, IFM Investors Pty Ltd boosted its holdings in Church & Dwight by 1.7% during the 1st quarter. IFM Investors Pty Ltd now owns 46,877 shares of the company's stock valued at $5,161,000 after acquiring an additional 782 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Church & Dwight

In related news, CEO Richard A. Dierker acquired 5,470 shares of Church & Dwight stock in a transaction that occurred on Tuesday, August 12th. The stock was bought at an average price of $91.57 per share, with a total value of $500,887.90. Following the transaction, the chief executive officer directly owned 27,212 shares in the company, valued at approximately $2,491,802.84. This represents a 25.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Lee B. Mcchesney acquired 5,409 shares of Church & Dwight stock in a transaction that occurred on Friday, August 8th. The shares were bought at an average cost of $91.38 per share, with a total value of $494,274.42. Following the transaction, the executive vice president owned 5,409 shares in the company, 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 a total of 12,879 shares of company stock valued at $1,177,702 in the last 90 days. Corporate insiders own 1.20% of the company's stock.

Church & Dwight Stock Up 0.4%

Shares of CHD traded up $0.38 on Wednesday, reaching $91.90. The stock had a trading volume of 1,730,520 shares, compared to its average volume of 2,039,387. The firm has a market capitalization of $22.39 billion, a price-to-earnings ratio of 43.35, a price-to-earnings-growth ratio of 3.77 and a beta of 0.44. 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 company has a 50-day simple moving average of $94.41 and a 200-day simple moving average of $98.75. Church & Dwight Co., Inc. has a 12-month low of $90.50 and a 12-month high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.09. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.48 billion. Church & Dwight had a return on equity of 19.27% and a net margin of 8.66%.The firm's revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last 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 predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 15th. Church & Dwight's dividend payout ratio (DPR) is 55.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Church & Dwight from $97.00 to $92.00 and set an "underweight" rating for the company in a report on Monday, August 4th. Truist Financial set a $110.00 price objective on Church & Dwight and gave the stock a "buy" rating in a report on Friday, June 6th. Wells Fargo & Company increased their price objective on Church & Dwight from $105.00 to $108.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Wall Street Zen upgraded Church & Dwight from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Royal Bank Of Canada upgraded Church & Dwight from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from $100.00 to $114.00 in a report on Monday, June 2nd. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $103.94.

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.