Church & Dwight Co., Inc. (NYSE:CHD) Holdings Lowered by Ascent Wealth Partners LLC

Ascent Wealth Partners LLC trimmed its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,232 shares of the company’s stock after selling 592 shares during the period. Ascent Wealth Partners LLC’s holdings in Church & Dwight were worth $6,726,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Radnor Capital Management LLC purchased a new stake in shares of Church & Dwight during the third quarter valued at $1,550,000. Fiduciary Family Office LLC purchased a new stake in shares of Church & Dwight during the third quarter valued at $657,000. Pittenger & Anderson Inc. lifted its holdings in shares of Church & Dwight by 0.5% during the third quarter. Pittenger & Anderson Inc. now owns 78,399 shares of the company’s stock valued at $8,210,000 after purchasing an additional 385 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Church & Dwight by 0.8% during the third quarter. Amalgamated Bank now owns 50,056 shares of the company’s stock valued at $5,242,000 after purchasing an additional 394 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of Church & Dwight by 23.4% during the third quarter. QRG Capital Management Inc. now owns 14,146 shares of the company’s stock valued at $1,481,000 after purchasing an additional 2,680 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Stifel Nicolaus reduced their price objective on Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, August 5th. Piper Sandler assumed coverage on Church & Dwight in a research note on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 price objective for the company. TD Cowen increased their price objective on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday. Wells Fargo & Company increased their price objective on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, JPMorgan Chase & Co. increased their price objective on Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research note on Monday. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $108.05.

Insider Activity at Church & Dwight

In related news, CEO Matthew Farrell sold 165,823 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the completion of the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at $11,613,438.57. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Matthew Farrell sold 165,823 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the completion of the sale, the chief executive officer now owns 112,719 shares in the company, valued at $11,613,438.57. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Arthur B. Winkleblack sold 11,590 shares of the business’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 sale, the director now owns 7,129 shares of the company’s stock, valued at approximately $740,275.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Church & Dwight Stock Performance

NYSE:CHD traded down $0.11 during mid-day trading on Thursday, hitting $103.10. 23,039 shares of the company’s stock traded hands, compared to its average volume of 1,379,815. The firm has a 50 day moving average of $103.01 and a two-hundred day moving average of $104.02. Church & Dwight Co., Inc. has a 12 month low of $88.37 and a 12 month high of $110.31. The firm has a market capitalization of $25.26 billion, a price-to-earnings ratio of 46.28, a price-to-earnings-growth ratio of 3.78 and a beta of 0.55. 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 announced its earnings results on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.11. The firm 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 firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.74 EPS. On average, equities analysts forecast that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.10%. Church & Dwight’s dividend payout ratio is 50.67%.

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.