Aristotle Capital Management LLC Has $3.13 Million Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

06 Dec 2023, 11:26 by Renee Jackson · The Cerbat Gem

Aristotle Capital Management LLC lowered its position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 12.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,255 shares of the company’s stock after selling 4,311 shares during the quarter. Aristotle Capital Management LLC’s holdings in Church & Dwight were worth $3,133,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CHD. Nemes Rush Group LLC acquired a new stake in shares of Church & Dwight during the second quarter valued at approximately $27,000. Quintet Private Bank Europe S.A. acquired a new stake in shares of Church & Dwight during the first quarter valued at approximately $30,000. Tradition Wealth Management LLC acquired a new position in Church & Dwight in the 1st quarter valued at approximately $35,000. Covestor Ltd increased its stake in Church & Dwight by 82.2% in the 2nd quarter. Covestor Ltd now owns 359 shares of the company’s stock valued at $36,000 after buying an additional 162 shares during the period. Finally, Old North State Trust LLC increased its stake in Church & Dwight by 88.6% in the 1st quarter. Old North State Trust LLC now owns 796 shares of the company’s stock valued at $37,000 after buying an additional 374 shares during the period. Institutional investors and hedge funds own 82.79% of the company’s stock.

Insider Activity at Church & Dwight

In related news, EVP Michael Read sold 4,500 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $96.00, for a total transaction of $432,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

CHD has been the topic of several research reports. Jefferies Financial Group initiated coverage on shares of Church & Dwight in a research note on Monday, November 13th. They issued a “hold” rating and a $99.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on shares of Church & Dwight from $91.00 to $93.00 and gave the company an “underweight” rating in a research note on Thursday, October 12th. Barclays dropped their price objective on shares of Church & Dwight from $82.00 to $76.00 and set an “underweight” rating on the stock in a research note on Thursday, October 12th. Raymond James raised shares of Church & Dwight from an “underperform” rating to a “market perform” rating in a research report on Monday, October 23rd. Finally, Citigroup decreased their target price on shares of Church & Dwight from $105.00 to $94.00 and set a “neutral” rating for the company in a research report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Church & Dwight has a consensus rating of “Hold” and a consensus price target of $95.25.

Read Our Latest Analysis on CHD

Church & Dwight Stock Performance

Shares of NYSE CHD traded down $0.14 during trading hours on Wednesday, hitting $93.35. 265,437 shares of the stock were exchanged, compared to its average volume of 1,455,972. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.47 and a quick ratio of 0.90. The company’s 50 day moving average is $91.09 and its 200 day moving average is $94.10. The firm has a market capitalization of $23.00 billion, a P/E ratio of 53.42, a P/E/G ratio of 3.88 and a beta of 0.50. Church & Dwight Co., Inc. has a one year low of $78.63 and a one year high of $100.52.

Church & Dwight (NYSE:CHD – Get Free Report) last released its earnings results on Friday, November 3rd. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.68 by $0.06. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Church & Dwight had a net margin of 7.57% and a return on equity of 20.55%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 EPS. On average, research analysts expect that Church & Dwight Co., Inc. will post 3.16 EPS for the current year.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were paid a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 1.17%. The ex-dividend date was Tuesday, November 14th. Church & Dwight’s payout ratio is currently 62.29%.

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.