Sumitomo Mitsui Trust Group Inc. Buys 2,744 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 637,576 shares of the company’s stock after purchasing an additional 2,744 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.26% of Church & Dwight worth $66,767,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CHD. Capital Performance Advisors LLP bought a new position in shares of Church & Dwight in the third quarter valued at approximately $27,000. Crewe Advisors LLC bought a new position in Church & Dwight in the 1st quarter valued at $28,000. Ashton Thomas Securities LLC purchased a new position in shares of Church & Dwight during the 3rd quarter valued at $28,000. Rothschild Investment LLC bought a new position in shares of Church & Dwight in the second quarter worth $31,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Church & Dwight in the second quarter worth $33,000. Institutional investors own 86.60% of the company’s stock.

Insider Activity at Church & Dwight

In other Church & Dwight news, CEO Matthew Farrell sold 165,823 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,613,438.57. This represents a 59.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bradley C. Irwin sold 13,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $107.44, for a total value of $1,418,208.00. Following the completion of the transaction, the director now owns 37,169 shares of the company’s stock, valued at approximately $3,993,437.36. The trade was a 26.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 490,613 shares of company stock worth $50,858,457 over the last quarter. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. TD Cowen upped their target price on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Evercore ISI lowered their target price on shares of 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. Wells Fargo & Company boosted their price target on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Barclays lowered their price objective on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 5th. Finally, Truist Financial cut their target price on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $108.53.

Church & Dwight Trading Up 0.6 %

Shares of CHD opened at $107.87 on Friday. The firm has a fifty day simple moving average of $103.36 and a two-hundred day simple moving average of $104.02. Church & Dwight Co., Inc. has a twelve month low of $90.26 and a twelve month high of $110.31. The stock has a market capitalization of $26.43 billion, a P/E ratio of 48.37, a PEG ratio of 3.95 and a beta of 0.55. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, November 1st. The company reported $0.79 earnings per share (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 company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the firm earned $0.74 earnings per share. Church & Dwight’s quarterly revenue was up 3.8% on a year-over-year basis. On average, research analysts anticipate that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Dividend Announcement

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 paid a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Friday, November 15th. Church & Dwight’s payout ratio is 50.67%.

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.