Raymond James Financial Services Advisors Inc. Sells 3,246 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Posted by Defense World Staff on Jun 30th, 2023

Raymond James Financial Services Advisors Inc. lowered its position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 1.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 179,824 shares of the company’s stock after selling 3,246 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.07% of Church & Dwight worth $15,898,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Church & Dwight in the first quarter valued at approximately $29,000. ST Germain D J Co. Inc. bought a new position in shares of Church & Dwight in the fourth quarter valued at approximately $38,000. Delta Asset Management LLC TN bought a new position in shares of Church & Dwight in the fourth quarter valued at approximately $40,000. Money Concepts Capital Corp raised its stake in shares of Church & Dwight by 468.2% in the fourth quarter. Money Concepts Capital Corp now owns 625 shares of the company’s stock valued at $50,000 after acquiring an additional 515 shares during the last quarter. Finally, Glassman Wealth Services raised its stake in shares of Church & Dwight by 39.1% in the fourth quarter. Glassman Wealth Services now owns 655 shares of the company’s stock valued at $53,000 after acquiring an additional 184 shares during the last quarter. Institutional investors own 82.61% of the company’s stock.

Insiders Place Their Bets

In other Church & Dwight news, Director Bradley C. Irwin sold 8,000 shares of the stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $97.48, for a total transaction of $779,840.00. Following the completion of the transaction, the director now owns 35,169 shares in the company, valued at approximately $3,428,274.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Church & Dwight news, EVP Rene Hemsey sold 7,460 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $96.56, for a total transaction of $720,337.60. Following the completion of the transaction, the executive vice president now owns 6,316 shares in the company, valued at approximately $609,872.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bradley C. Irwin sold 8,000 shares of the stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $97.48, for a total value of $779,840.00. Following the transaction, the director now owns 35,169 shares of the company’s stock, valued at approximately $3,428,274.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 305,843 shares of company stock worth $29,632,614. Corporate insiders own 2.00% of the company’s stock.

Church & Dwight Price Performance

Shares of CHD stock opened at $98.97 on Friday. Church & Dwight Co., Inc. has a 12-month low of $70.16 and a 12-month high of $99.11. The firm has a market capitalization of $24.17 billion, a price-to-earnings ratio of 59.26, a price-to-earnings-growth ratio of 3.97 and a beta of 0.47. The company has a quick ratio of 0.60, a current ratio of 1.18 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average of $95.22 and a 200-day moving average of $87.90.

Church & Dwight (NYSE:CHD – Free Report) last announced its quarterly earnings results on Thursday, April 27th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.09. Church & Dwight had a net margin of 7.49% and a return on equity of 20.49%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the previous year, the business earned $0.83 EPS. The firm’s revenue was up 10.2% on a year-over-year basis. On average, equities research analysts forecast that Church & Dwight Co., Inc. will post 3.11 earnings per share for the current year.

Church & Dwight Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Monday, May 15th were issued a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Friday, May 12th. Church & Dwight’s dividend payout ratio (DPR) is presently 65.27%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. 1-800-FLOWERS.COM restated a “maintains” rating on shares of Church & Dwight in a research report on Friday, April 28th. Royal Bank of Canada boosted their price objective on shares of Church & Dwight from $83.00 to $91.00 in a research report on Friday, April 28th. UBS Group boosted their price objective on shares of Church & Dwight from $88.00 to $93.00 and gave the stock a “neutral” rating in a research report on Thursday, April 6th. TheStreet upgraded shares of Church & Dwight from a “c” rating to a “b” rating in a research report on Thursday, April 27th. Finally, Morgan Stanley boosted their price objective on shares of Church & Dwight from $92.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $91.56.

Church & Dwight Profile

(Free Report)

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.