Hemenway Trust Co LLC Has $1.83 Million Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Hemenway Trust Co LLC cut its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 15.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,681 shares of the company’s stock after selling 3,130 shares during the quarter. Hemenway Trust Co LLC’s holdings in Church & Dwight were worth $1,833,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of CHD. Game Plan Financial Advisors LLC bought a new position in Church & Dwight during the 1st quarter valued at $26,000. Crewe Advisors LLC purchased a new stake in shares of Church & Dwight in the first quarter valued at about $28,000. Roble Belko & Company Inc bought a new position in shares of Church & Dwight during the first quarter valued at about $31,000. Rothschild Investment LLC bought a new stake in Church & Dwight in the 2nd quarter worth about $31,000. Finally, Creekmur Asset Management LLC purchased a new stake in Church & Dwight in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Buying and Selling

In other Church & Dwight news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the sale, the executive vice president now owns 4,319 shares in the company, valued at $429,179.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Barry A. Bruno sold 59,328 shares of Church & Dwight stock in a transaction on Monday, August 5th. The shares were sold at an average price of $99.37, for a total value of $5,895,423.36. Following the transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at $429,179.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Richard A. Dierker sold 86,740 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $106.56, for a total transaction of $9,243,014.40. Following the sale, the chief financial officer now owns 7,634 shares of the company’s stock, valued at $813,479.04. The disclosure for this sale can be found here. Insiders have sold a total of 200,722 shares of company stock worth $20,986,416 in the last ninety days. 2.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CHD shares. BNP Paribas began coverage on Church & Dwight in a report on Monday, June 24th. They issued a “neutral” rating and a $114.00 target price for the company. JPMorgan Chase & Co. lowered their target price on Church & Dwight from $101.00 to $97.00 and set an “underweight” rating on the stock in a research note on Monday, August 5th. Wells Fargo & Company cut their price target on shares of Church & Dwight from $116.00 to $108.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Stifel Nicolaus decreased their price objective on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a report on Monday, August 5th. Finally, Morgan Stanley decreased their price target on shares of Church & Dwight from $114.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $106.58.

Church & Dwight Price Performance

CHD stock traded down $0.35 during midday trading on Friday, reaching $105.14. The company had a trading volume of 87,354 shares, compared to its average volume of 1,349,492. The firm has a 50-day moving average price of $102.21 and a 200-day moving average price of $103.88. The company has a market capitalization of $25.74 billion, a P/E ratio of 33.49, a P/E/G ratio of 3.59 and a beta of 0.54. Church & Dwight Co., Inc. has a 1 year low of $82.25 and a 1 year high of $110.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.09. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, research analysts anticipate that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a yield of 1.08%. The ex-dividend date was Thursday, August 15th. Church & Dwight’s dividend payout ratio is presently 35.87%.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based 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; toothbrushes under the SPINBRUSH brand; 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; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.