Glenmede Trust Co. NA Sells 1,835 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Glenmede Trust Co. NA trimmed its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 210,228 shares of the company’s stock after selling 1,835 shares during the quarter. Glenmede Trust Co. NA owned approximately 0.09% of Church & Dwight worth $22,015,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CHD. Capital Performance Advisors LLP acquired a new stake in Church & Dwight in the third quarter valued at $27,000. Ashton Thomas Securities LLC bought a new position in shares of Church & Dwight in the third quarter valued at about $28,000. Rothschild Investment LLC acquired a new stake in shares of Church & Dwight during the 2nd quarter worth about $31,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Church & Dwight during the 2nd quarter worth about $33,000. Finally, Kimelman & Baird LLC acquired a new position in Church & Dwight in the 2nd quarter valued at about $46,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Barclays reduced their price objective on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Tuesday, November 5th. TD Cowen upped their price objective on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a report on Monday, November 4th. Piper Sandler initiated coverage on Church & Dwight in a research report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their target price 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. Finally, Truist Financial decreased their price target on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $108.53.

Church & Dwight Stock Down 0.0 %

Shares of CHD opened at $110.34 on Thursday. The stock has a market capitalization of $27.03 billion, a price-to-earnings ratio of 49.48, a PEG ratio of 4.04 and a beta of 0.55. 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 stock has a fifty day moving average of $104.56 and a 200-day moving average of $104.29.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share 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 company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the business posted $0.74 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

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 given 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 currently 50.67%.

Insiders Place Their Bets

In other news, Director Arthur B. Winkleblack sold 11,590 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $103.84, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 transaction of $17,084,743.69. Following the sale, the chief executive officer now directly owns 112,719 shares in the company, valued at $11,613,438.57. This trade represents a 59.53 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 543,513 shares of company stock valued at $56,795,253. 2.00% of the stock is currently owned by company insiders.

Church & Dwight Company 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.