Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Perigon Wealth Management LLC

Perigon Wealth Management LLC lessened its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 4.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,352 shares of the company’s stock after selling 145 shares during the period. Perigon Wealth Management LLC’s holdings in Church & Dwight were worth $369,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. IAG Wealth Partners LLC lifted its holdings in Church & Dwight by 92.9% in the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares during the period. Bernard Wealth Management Corp. acquired a new stake in shares of Church & Dwight during the fourth quarter worth $40,000. Versant Capital Management Inc boosted its stake in Church & Dwight by 42.1% in the 1st quarter. Versant Capital Management Inc now owns 378 shares of the company’s stock worth $42,000 after purchasing an additional 112 shares during the period. Banque Transatlantique SA purchased a new position in shares of Church & Dwight during the fourth quarter valued at $46,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Church & Dwight by 50.5% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 575 shares of the company’s stock worth $60,000 after purchasing an additional 193 shares during the period. 86.60% of the stock is owned by institutional investors.

Insider Transactions at Church & Dwight

In related news, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the company’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $99.00, for a total transaction of $1,451,340.00. Following the completion of the sale, the director owned 13,747 shares in the company, valued at approximately $1,360,953. This represents a 51.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Carlen Hooker sold 6,380 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $98.30, for a total transaction of $627,154.00. Following the completion of the sale, the executive vice president owned 262 shares of the company’s stock, valued at approximately $25,754.60. This trade represents a 96.06% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,575 shares of company stock valued at $4,910,586. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CHD. Oppenheimer lowered their price target on Church & Dwight from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. UBS Group dropped their price target on Church & Dwight from $110.00 to $102.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. Evercore ISI cut their price objective on shares of Church & Dwight from $106.00 to $102.00 and set an “in-line” rating for the company in a research report on Friday, May 2nd. Wall Street Zen raised Church & Dwight from a “sell” rating to a “hold” rating in a report on Saturday, June 21st. Finally, Bank of America raised shares of Church & Dwight from a “neutral” rating to a “buy” rating and upped their target price for the company from $112.00 to $125.00 in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $108.29.

Church & Dwight Trading Up 1.4%

Shares of CHD stock opened at $96.10 on Tuesday. The stock has a market cap of $23.67 billion, a P/E ratio of 41.24, a price-to-earnings-growth ratio of 3.80 and a beta of 0.52. Church & Dwight Co., Inc. has a 1 year low of $90.99 and a 1 year high of $116.46. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $96.71 and a 200 day simple moving average of $102.98.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.02. Church & Dwight had a net margin of 9.52% and a return on equity of 19.28%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the firm posted $0.96 EPS. The firm’s revenue was down 2.4% on a year-over-year basis. On average, research analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, May 15th. Church & Dwight’s payout ratio is 50.64%.

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.