Northwest & Ethical Investments L.P. Sells 3,526 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Northwest & Ethical Investments L.P. decreased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 17.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,787 shares of the company’s stock after selling 3,526 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Church & Dwight were worth $1,758,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHD. Capital Performance Advisors LLP purchased a new stake in Church & Dwight during the 3rd quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new stake in Church & Dwight during the 3rd quarter valued at approximately $28,000. Rothschild Investment LLC purchased a new stake in Church & Dwight during the 2nd quarter valued at approximately $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Church & Dwight during the 2nd quarter valued at approximately $33,000. Finally, Strategic Financial Concepts LLC purchased a new stake in Church & Dwight during the 2nd quarter valued at approximately $38,000. Institutional investors own 86.60% of the company’s stock.

Insider Activity at Church & Dwight

In related news, CAO Joseph James Longo sold 7,780 shares of Church & Dwight stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $112.44, for a total value of $874,783.20. Following the completion of the sale, the chief accounting officer now directly owns 400 shares in the company, valued at $44,976. The trade was a 95.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Matthew Farrell sold 300,000 shares of Church & Dwight stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $103.84, for a total value of $31,152,000.00. Following the completion of the transaction, the chief executive officer now owns 112,719 shares in the company, valued at $11,704,740.96. This trade represents a 72.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 543,513 shares of company stock worth $56,795,253 over the last three months. 2.00% of the stock is owned by corporate insiders.

Church & Dwight Stock Down 0.1 %

NYSE:CHD opened at $110.20 on Friday. Church & Dwight Co., Inc. has a twelve month low of $90.26 and a twelve month high of $113.50. The company has a market cap of $27.00 billion, a price-to-earnings ratio of 49.42, a price-to-earnings-growth ratio of 4.04 and a beta of 0.55. The stock has a fifty day simple moving average of $104.87 and a 200-day simple moving average of $104.35. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53.

Church & Dwight (NYSE:CHD) last released its 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. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $0.74 earnings per share. Analysts anticipate that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Announces Dividend

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

Analyst Ratings Changes

CHD has been the subject of a number of research analyst reports. Piper Sandler initiated coverage on shares of Church & Dwight in a report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a report on Monday, November 4th. Stifel Nicolaus cut their target price on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a report on Monday, August 5th. Morgan Stanley lowered shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price for the company. in a report on Monday, September 9th. Finally, TD Cowen raised their target price on shares of Church & Dwight from $114.00 to $117.00 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 assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target 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.