Brooklyn Investment Group Buys New Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Brooklyn Investment Group purchased a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,796 shares of the company’s stock, valued at approximately $188,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CHD. Price T Rowe Associates Inc. MD lifted its holdings in shares of Church & Dwight by 0.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 392,168 shares of the company’s stock worth $40,908,000 after purchasing an additional 1,335 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Church & Dwight by 57.9% in the first quarter. Janus Henderson Group PLC now owns 59,844 shares of the company’s stock valued at $6,239,000 after buying an additional 21,949 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of Church & Dwight by 0.6% in the first quarter. California State Teachers Retirement System now owns 391,974 shares of the company’s stock valued at $40,887,000 after buying an additional 2,359 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Church & Dwight by 160.1% during the first quarter. Tidal Investments LLC now owns 23,530 shares of the company’s stock valued at $2,454,000 after buying an additional 14,483 shares during the last quarter. Finally, Garner Asset Management Corp increased its position in shares of Church & Dwight by 5.1% during the first quarter. Garner Asset Management Corp now owns 2,058 shares of the company’s stock worth $215,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Down 0.1 %

Shares of NYSE:CHD opened at $110.35 on Wednesday. The firm has a fifty day moving average of $104.40 and a 200 day moving average of $104.25. Church & Dwight Co., Inc. has a 52-week low of $90.26 and a 52-week high of $113.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. The firm has a market capitalization of $27.04 billion, a PE ratio of 49.48, a price-to-earnings-growth ratio of 4.04 and a beta of 0.55.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.68 by $0.11. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.74 EPS. As a group, research analysts anticipate that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Friday, November 15th. Church & Dwight’s dividend payout ratio is presently 50.67%.

Insiders Place Their Bets

In related news, Director Arthur B. Winkleblack sold 11,590 shares of the firm’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 owns 7,129 shares of the company’s stock, valued at $740,275.36. This trade represents a 61.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Joseph James Longo sold 7,780 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $112.44, for a total transaction of $874,783.20. Following the transaction, the chief accounting officer now directly owns 400 shares in the company, valued at approximately $44,976. The trade was a 95.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 543,513 shares of company stock valued at $56,795,253 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CHD. Deutsche Bank Aktiengesellschaft raised their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, November 4th. TD Cowen raised their target price on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. upped their price target on Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a report on Monday, November 4th. Evercore ISI dropped their price objective on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research note on Monday, August 5th. Finally, Barclays cut their price objective on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and a consensus target price of $108.53.

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.