Graypoint LLC Has $3.89 Million Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Graypoint LLC lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of CHD. Victory Capital Management Inc. increased its position in shares of Church & Dwight by 1.4% during the second quarter. Victory Capital Management Inc. now owns 168,269 shares of the company’s stock worth $17,446,000 after acquiring an additional 2,286 shares in the last quarter. Private Advisor Group LLC grew its holdings in Church & Dwight by 132.7% during the second quarter. Private Advisor Group LLC now owns 34,677 shares of the company’s stock worth $3,595,000 after purchasing an additional 19,778 shares during the period. Savant Capital LLC increased its holdings in shares of Church & Dwight by 22.0% during the 2nd quarter. Savant Capital LLC now owns 4,292 shares of the company’s stock worth $445,000 after acquiring an additional 775 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Church & Dwight in the second quarter valued at about $38,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Church & Dwight in the 2nd quarter valued at about $125,000. 86.60% of the stock is owned by institutional investors.

Church & Dwight Stock Down 1.0 %

Church & Dwight stock traded down $1.02 during mid-day trading on Friday, reaching $101.55. The stock had a trading volume of 1,537,783 shares, compared to its average volume of 1,439,948. Church & Dwight Co., Inc. has a fifty-two week low of $96.08 and a fifty-two week high of $113.50. The stock’s 50-day simple moving average is $106.87 and its 200-day simple moving average is $104.09. 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 firm has a market capitalization of $24.88 billion, a PE ratio of 45.54, a price-to-earnings-growth ratio of 3.86 and a beta of 0.58.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the firm earned $0.74 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued 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 presently 50.67%.

Insider Buying and Selling

In other news, CEO Matthew Farrell sold 165,823 shares of Church & Dwight 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 sale, the chief executive officer now directly owns 112,719 shares in the company, valued at $11,613,438.57. The trade was a 59.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Arthur B. Winkleblack sold 11,590 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the sale, the director now owns 7,129 shares of the company’s stock, valued at $740,275.36. This trade represents a 61.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 593,035 shares of company stock worth $62,282,808. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. TD Cowen lifted their target price on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Barclays dropped their price target on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. Wells Fargo & Company increased their price objective 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. Piper Sandler raised their price target on shares of Church & Dwight from $124.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $110.00.

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.