Graypoint LLC Sells 599 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Graypoint LLC reduced its position in Church & Dwight Co., Inc. (NYSE:CHD) by 1.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 37,156 shares of the company’s stock after selling 599 shares during the period. Graypoint LLC’s holdings in Church & Dwight were worth $3,891,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank grew its stake in Church & Dwight by 0.8% in the 3rd quarter. Amalgamated Bank now owns 50,056 shares of the company’s stock valued at $5,242,000 after buying an additional 394 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Church & Dwight by 12.4% in the second quarter. Hsbc Holdings PLC now owns 803,588 shares of the company’s stock valued at $83,249,000 after purchasing an additional 88,580 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in shares of Church & Dwight during the 3rd quarter valued at $5,934,000. Citigroup Inc. lifted its holdings in Church & Dwight by 9.1% during the 3rd quarter. Citigroup Inc. now owns 337,738 shares of the company’s stock worth $35,368,000 after purchasing an additional 28,129 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in Church & Dwight by 55.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 241,801 shares of the company’s stock worth $25,070,000 after purchasing an additional 86,318 shares during the period. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Trading Down 1.0 %

Shares of NYSE CHD traded down $1.02 during trading hours on Friday, hitting $101.55. The company’s stock had a trading volume of 1,537,783 shares, compared to its average volume of 1,439,948. 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 market cap of $24.88 billion, a price-to-earnings ratio of 45.54, a P/E/G ratio of 3.86 and a beta of 0.58. The business has a 50-day simple moving average of $106.87 and a 200-day simple moving average of $104.09. Church & Dwight Co., Inc. has a 12 month low of $96.08 and a 12 month high of $113.50.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data 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. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business 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 firm posted $0.74 EPS. The business’s revenue was up 3.8% on a year-over-year basis. On average, 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 declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a $0.2838 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.12%. Church & Dwight’s dividend payout ratio is currently 50.67%.

Analysts Set New Price Targets

CHD has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their price target 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. JPMorgan Chase & Co. upped their price target on shares of Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a report on Monday, November 4th. TD Cowen lifted their price objective on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Barclays decreased their target price on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 5th. Two research 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.com, Church & Dwight presently has an average rating of “Hold” and an average target price of $110.00.

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Rick Spann sold 39,520 shares of Church & Dwight stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $112.00, for a total value of $4,426,240.00. Following the completion of the sale, the executive vice president now owns 4,973 shares of the company’s stock, valued at approximately $556,976. This trade represents a 88.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maynadier Patrick D. De sold 45,120 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $112.19, for a total value of $5,062,012.80. Following the transaction, the executive vice president now directly owns 10,325 shares in the company, valued at approximately $1,158,361.75. The trade was a 81.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 593,035 shares of company stock valued at $62,282,808 in the last 90 days. Corporate insiders own 1.40% of the company’s stock.

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.