Church & Dwight Co., Inc. (NYSE:CHD) shares purchased by TD Asset Management Inc.


TD Asset Management Inc. increased its stake in Church & Dwight Co., Inc. (NYSE: CHDGet a rating) by 8.5% during the 1st quarter, according to the company in its latest filing with the Securities and Exchange Commission (SEC). The company held 110,899 shares of the company after acquiring an additional 8,661 shares during the quarter. TD Asset Management Inc.’s holdings in Church & Dwight were worth $11,021,000 at the end of the most recent quarter.

Several other large investors have also recently increased or reduced their stakes in the company. Deseret Mutual Benefit Administrators increased its stake in Church & Dwight by 2.2% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 4,987 shares of the company valued at $511,000 after purchasing 108 additional shares last quarter. GPS Wealth Strategies Group LLC increased its stake in Church & Dwight by 4.0% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 3,096 shares of the company valued at $308,000 after buying 120 additional shares in the last quarter. CENTRAL TRUST Co increased its stake in Church & Dwight by 0.7% in the 1st quarter. CENTRAL TRUST Co now owns 16,737 shares of the company valued at $1,664,000 after purchasing an additional 120 shares in the last quarter. Koshinski Asset Management Inc. increased its stake in Church & Dwight by 4.0% in the 1st quarter. Koshinski Asset Management Inc. now owns 3,197 shares of the company valued at $318,000 after purchasing an additional 124 shares last quarter. Finally, Autus Asset Management LLC increased its stake in Church & Dwight by 3.7% in the 1st quarter. Autus Asset Management LLC now owns 4,149 shares of the company valued at $412,000 after purchasing an additional 149 shares in the last quarter. 84.81% of the shares are currently held by institutional investors and hedge funds.

Performance of Church & Dwight shares

Shares of Church & Dwight Stocks opened at $86.63 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 1.01 and a debt ratio of 0.59. Church & Dwight Co., Inc. has a 12-month low of $80.34 and a 12-month high of $105.28. The company has a fifty-day simple moving average of $90.50 and a 200-day simple moving average of $94.56. The stock has a market capitalization of $21.04 billion, a PE ratio of 27.50, a price-to-growth earnings ratio of 3.64 and a beta of 0.34.

Church and Dwight (NYSE: CHDGet a rating) last reported quarterly earnings data on Friday, July 29. The company reported earnings per share (EPS) of $0.76 for the quarter, beating the consensus estimate of $0.72 by $0.04. Church & Dwight had a return on equity of 21.89% and a net margin of 14.71%. The company posted revenue of $1.33 billion in the quarter, compared to analysts’ estimates of $1.34 billion. During the same period last year, the company earned earnings per share of $0.76. Church & Dwight’s quarterly revenue increased 4.2% over the same quarter last year. On average, sell-side analysts expect Church & Dwight Co., Inc. to post 3.02 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1. Investors of record on Monday, August 15 will receive a dividend of $0.2625 per share. The ex-dividend date is Friday, August 12. This represents an annualized dividend of $1.05 and a dividend yield of 1.21%. Church & Dwight’s dividend payout ratio is 33.33%.

A Wall Street analyst gives his opinion

A number of stock analysts have published reports on the company. Goldman Sachs Group cut its price target on Church & Dwight from $104.00 to $93.00 and set a “neutral” rating for the company in a Wednesday, Aug. 3 research note. Wells Fargo & Company cut its price target on Church & Dwight from $100.00 to $95.00 and set an “overweight” rating for the company in a Monday, Aug. 1 research note. Morgan Stanley cut its price target on Church & Dwight from $86.00 to $82.00 and set an “underweight” rating for the company in a Monday, Aug. 1 research note. Deutsche Bank Aktiengesellschaft lowered its price target on Church & Dwight from $99.00 to $93.00 and set a “hold” rating for the company in a Monday, August 1 research note. Finally, Truist Financial reduced its price target on Church & Dwight from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, August 1. Four investment analysts gave the stock a sell rating, eight gave the company a hold rating and four gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $94.79.

Profile of Church and Dwight

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Church & Dwight Co, Inc develops, manufactures and markets household, personal care and specialty products. It operates through three segments: Consumer Domestic, Consumer International and Specialty Products Division. The company offers cat litter, carpet deodorizers, laundry detergents and baking soda, as well as other baking soda products under the ARM & HAMMER brand; condoms, lubricants and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the trade mark SPINBRUSH; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gel food supplements under the L’IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and replacement showerheads under the WATERPIK brand; IMPECCABLE products; shortening and cold relief products under the ZICAM brand; and oral care products under the THERABREATH brand.

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Institutional ownership by quarter for Church & Dwight (NYSE:CHD)



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Jerry B. Hatch