Fundsmith 13F: Cuts Church & Dwight (CHD) Stake by $8.4M

Fundsmith trimmed its stake in Church & Dwight Co., Inc. (NYSE: CHD) by 1.29% during the most recent reporting period, according to its latest Form 13F filing with the Securities and Exchange Commission. The fund sold 86,896 shares of the household products maker, keeping its remaining stake highly substantial. Filings of this kind reflect holdings as of March 31, 2026, and may not represent the investor's current market position.

Long-Term Investor Trims Church & Dwight Position

Fundsmith, known for its highly concentrated, buy-and-hold strategy focused on high-quality compounders, pared its Church & Dwight holdings down to 6,641,508 shares. That is down from its previous position of 6,728,404 shares. The remaining stake is valued at approximately $643.43 million. This minor 1.29% adjustment suggests that Fundsmith remains highly committed to the Arm & Hammer parent company, treating this transaction more as a routine portfolio rebalancing than a change in its investment thesis.

Church & Dwight Stock Shows Steady Performance

On Saturday, shares of Church & Dwight were priced at $96.88. The stock has hovered in a steady range over the past year, with a 52-week low of $81.33 and a 52-week high of $106.04. This price sits just above the stock's 200-day moving average of $95.48, though slightly below its 50-day moving average of $98.77. With a price-to-earnings ratio of 30.61 and a forward P/E of 23.66, investors continue to pay a premium for the company's defensive stability.

Recent Earnings and Dividend

Church & Dwight reported annual revenue of $6.23 billion, reflecting a modest growth rate of 1.6%. The company maintains a healthy net margin of 11.96% and a return on equity of 17.04%. Shareholders also receive a steady income stream. The company pays an annual dividend of $1.23 per share, which translates to a dividend yield of 1.3%. This payout is backed by a conservative dividend payout ratio of 38.62%. The company's next earnings announcement is scheduled for October 30, 2026.

Insider Buying and Selling at Church & Dwight Co., Inc.

Several company executives have been active in the market recently. On June 25, 2026, Charles Raup, President of US Domestic, sold 853 shares at an average price of $98.15, bringing in $83,721.95. Earlier in the month, on June 16, 2026, Carlos Linares, Executive Vice President of Chief Tech & Global New Products, executed both a buy and a sell on the same day. Linares purchased 10,000 shares at $50.28 for a total value of $502,800, and sold 10,000 shares at $99.71, valued at $997,100. On June 15, 2026, small open-market purchases were made by President and CEO Richard Dierker, who bought 44 shares at $98.32, and Executive Vice President Brian Buchert, who acquired 6 shares at the same price.

Analysts Set New Price Targets

Wall Street analysts maintain a generally positive outlook on the stock, with a consensus buy recommendation. On October 5, 2026, Wells Fargo maintained an Overweight rating on Church & Dwight but adjusted its price target down to $105.00 from $110.00. On August 3, 2026, RBC Capital reiterated its Outperform rating with a price target of $115.00, while UBS, Citigroup, and TD Cowen all maintained neutral or hold-equivalent ratings with price targets ranging from $97.00 to $107.00. Collectively, the 19 analysts covering the stock have set a mean target price of $105.11.

Household Brands Drive Church & Dwight's Business

Church & Dwight manufactures and markets a wide variety of household and personal care products. The consumer giant is best known for its baking soda-based Arm & Hammer brand, but its portfolio also includes household staples like OxiClean stain removers, Batiste dry shampoos, Waterpik water flossers, and Trojan brand products. This consumer-defensive product mix provides the company with steady cash flows even during economic downturns.

Looking Forward

Investors will want to keep a close eye on how Church & Dwight manages input costs and volume growth when it reports its next quarterly earnings on October 30, 2026. While Fundsmith's minor trim shows a slight reduction in its exposure, the fund's massive $643 million remaining stake indicates it still views the consumer staples manufacturer as a core long-term holding.