Captrust Financial Advisors Cuts Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Captrust Financial Advisors lessened its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 1.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,583 shares of the company’s stock after selling 571 shares during the period. Captrust Financial Advisors’ holdings in Church & Dwight were worth $3,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Amalgamated Bank grew its stake in shares of Church & Dwight by 0.8% during the third quarter. Amalgamated Bank now owns 50,056 shares of the company’s stock worth $5,242,000 after acquiring an additional 394 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Church & Dwight by 74.6% during the second quarter. Assenagon Asset Management S.A. now owns 67,823 shares of the company’s stock worth $7,032,000 after purchasing an additional 28,986 shares during the period. Addenda Capital Inc. lifted its holdings in shares of Church & Dwight by 12.7% during the second quarter. Addenda Capital Inc. now owns 56,723 shares of the company’s stock worth $5,881,000 after purchasing an additional 6,389 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Church & Dwight by 12.4% during the second quarter. Hsbc Holdings PLC now owns 803,588 shares of the company’s stock worth $83,249,000 after purchasing an additional 88,580 shares during the period. Finally, Citigroup Inc. lifted its holdings in shares of Church & Dwight by 9.1% during the third quarter. Citigroup Inc. now owns 337,738 shares of the company’s stock worth $35,368,000 after purchasing an additional 28,129 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Barclays decreased their target price on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Tuesday, November 5th. Piper Sandler initiated coverage on Church & Dwight in a report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 target price for the company. Wells Fargo & Company boosted their price target on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 4th. JPMorgan Chase & Co. boosted their price target on Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a report on Monday, November 4th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Church & Dwight currently has an average rating of “Hold” and an average target price of $108.53.

Church & Dwight Trading Down 1.2 %

Shares of CHD stock opened at $109.96 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. Church & Dwight Co., Inc. has a 1-year low of $90.26 and a 1-year high of $113.50. The company has a market cap of $26.94 billion, a price-to-earnings ratio of 49.31, a PEG ratio of 4.07 and a beta of 0.57. The stock has a 50 day simple moving average of $105.16 and a 200-day simple moving average of $104.37.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the business earned $0.74 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities research analysts expect that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Friday, November 15th. Church & Dwight’s payout ratio is 50.67%.

Insider Buying and Selling

In other Church & Dwight news, Director Arthur B. Winkleblack sold 11,590 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.84, for a total value of $1,203,505.60. Following the completion of the sale, the director now directly owns 7,129 shares in the company, valued at $740,275.36. This represents a 61.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew Farrell sold 165,823 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $103.03, for a total value of $17,084,743.69. Following the completion of the sale, the chief executive officer now owns 112,719 shares of the company’s stock, valued at approximately $11,613,438.57. The trade was a 59.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 583,033 shares of company stock worth $61,221,493. 1.40% of the stock is owned by corporate insiders.

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.