Ironwood Investment Counsel LLC Reduces Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Ironwood Investment Counsel LLC cut its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 5.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,701 shares of the company’s stock after selling 299 shares during the period. Ironwood Investment Counsel LLC’s holdings in Church & Dwight were worth $595,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CHD. Nomura Holdings Inc. increased its stake in shares of Church & Dwight by 442.1% during the 4th quarter. Nomura Holdings Inc. now owns 14,148 shares of the company’s stock worth $1,338,000 after purchasing an additional 11,538 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Church & Dwight by 12.8% during the 1st quarter. Russell Investments Group Ltd. now owns 208,997 shares of the company’s stock worth $21,798,000 after purchasing an additional 23,754 shares in the last quarter. Simplicity Solutions LLC increased its stake in shares of Church & Dwight by 69.5% during the 4th quarter. Simplicity Solutions LLC now owns 26,257 shares of the company’s stock worth $2,483,000 after purchasing an additional 10,762 shares in the last quarter. Cim LLC purchased a new position in shares of Church & Dwight during the 4th quarter worth approximately $3,188,000. Finally, Crown Oak Advisors LLC purchased a new position in shares of Church & Dwight during the 4th quarter worth approximately $10,142,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CHD has been the topic of a number of analyst reports. Truist Financial raised their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Evercore ISI raised their target price on shares of Church & Dwight from $107.00 to $110.00 and gave the stock an “in-line” rating in a research report on Friday, May 3rd. Bank of America raised their target price on shares of Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Finally, Argus raised their target price on shares of Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $106.76.

Church & Dwight Stock Down 1.9 %

Church & Dwight stock traded down $1.96 during trading hours on Monday, hitting $100.65. The company had a trading volume of 1,937,060 shares, compared to its average volume of 1,326,428. The firm has a market capitalization of $24.61 billion, a P/E ratio of 31.95, a price-to-earnings-growth ratio of 3.35 and a beta of 0.52. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.82. The firm’s fifty day moving average is $105.92 and its 200-day moving average is $103.25. Church & Dwight Co., Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $110.31.

Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.10. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the company earned $0.85 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. On average, research analysts forecast that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were paid a $0.2838 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.13%. Church & Dwight’s payout ratio is presently 35.87%.

Insider Transactions at Church & Dwight

In related news, EVP Maynadier Patrick D. De sold 54,654 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $107.00, for a total transaction of $5,847,978.00. Following the transaction, the executive vice president now directly owns 10,325 shares in the company, valued at $1,104,775. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Church & Dwight news, CFO Richard A. Dierker sold 86,740 shares of Church & Dwight stock in a transaction that occurred on Friday, June 14th. The stock was 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 directly owns 7,634 shares of the company’s stock, valued at $813,479.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,654 shares of Church & Dwight stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $107.00, for a total value of $5,847,978.00. Following the sale, the executive vice president now directly owns 10,325 shares in the company, valued at $1,104,775. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 182,346 shares of company stock worth $19,465,948. Company insiders own 2.00% of the company’s stock.

Church & Dwight 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.