Empower Advisory Group LLC Makes New Investment in Church & Dwight Co., Inc. (NYSE:CHD)

Empower Advisory Group LLC purchased a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,060 shares of the company’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Garner Asset Management Corp boosted its holdings in 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 buying an additional 100 shares in the last quarter. Elk River Wealth Management LLC boosted its stake in shares of Church & Dwight by 0.3% during the 2nd quarter. Elk River Wealth Management LLC now owns 34,678 shares of the company’s stock worth $3,595,000 after acquiring an additional 114 shares in the last quarter. Gateway Advisory LLC grew its holdings in shares of Church & Dwight by 4.4% in the 2nd quarter. Gateway Advisory LLC now owns 2,855 shares of the company’s stock worth $296,000 after acquiring an additional 120 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Church & Dwight by 6.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,139 shares of the company’s stock valued at $222,000 after purchasing an additional 127 shares during the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its stake in Church & Dwight by 5.2% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 2,742 shares of the company’s stock worth $284,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Insider Buying and Selling

In related news, Director Bradley C. Irwin sold 13,200 shares of Church & Dwight stock in a transaction 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 transaction, the director now owns 37,169 shares in the company, valued at $3,993,437.36. This trade represents a 26.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Matthew Farrell sold 165,823 shares of the company’s stock in a transaction dated 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 owns 112,719 shares of the company’s stock, valued at $11,613,438.57. This trade represents a 59.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 490,613 shares of company stock worth $50,858,457. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Piper Sandler assumed coverage on shares of Church & Dwight in a research note on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 price objective for the company. Wells Fargo & Company boosted their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Morgan Stanley downgraded Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target on the stock. in a report on Monday, September 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $108.53.

Church & Dwight Stock Performance

CHD stock opened at $109.02 on Friday. The firm has a 50 day moving average of $103.40 and a two-hundred day moving average of $104.05. Church & Dwight Co., Inc. has a 12 month low of $90.26 and a 12 month high of $110.31. The company has a market capitalization of $26.71 billion, a price-to-earnings ratio of 48.89, a P/E/G 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 released its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the business earned $0.74 EPS. Church & Dwight’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently disclosed 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 dividend yield of 1.04%. The ex-dividend date of this dividend 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.