Sky Investment Group LLC Sells 2,960 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Sky Investment Group LLC lessened its position in Church & Dwight Co., Inc. (NYSE:CHD) by 8.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,507 shares of the company’s stock after selling 2,960 shares during the period. Sky Investment Group LLC’s holdings in Church & Dwight were worth $3,195,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co grew its stake in Church & Dwight by 13.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 342,699 shares of the company’s stock valued at $35,755,000 after buying an additional 39,695 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Church & Dwight by 12.8% in the first quarter. Russell Investments Group Ltd. now owns 208,997 shares of the company’s stock valued at $21,798,000 after acquiring an additional 23,754 shares during the period. Wellington Management Group LLP grew its stake in shares of Church & Dwight by 189.4% in the fourth quarter. Wellington Management Group LLP now owns 80,332 shares of the company’s stock valued at $7,596,000 after acquiring an additional 52,576 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Church & Dwight by 74.6% during the second quarter. Assenagon Asset Management S.A. now owns 67,823 shares of the company’s stock worth $7,032,000 after purchasing an additional 28,986 shares during the period. Finally, Mizuho Markets Americas LLC boosted its stake in shares of Church & Dwight by 117.1% in the first quarter. Mizuho Markets Americas LLC now owns 107,206 shares of the company’s stock valued at $11,183,000 after buying an additional 57,817 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

Wall Street Analyst Weigh In

CHD has been the subject of a number of recent analyst reports. Piper Sandler started coverage on shares of Church & Dwight in a report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price target for the company. Barclays raised their target price on Church & Dwight from $82.00 to $86.00 and gave the company an “underweight” rating in a report on Friday, October 11th. TD Cowen assumed coverage on Church & Dwight in a research report on Tuesday, July 23rd. They set a “buy” rating and a $116.00 price objective for the company. Evercore ISI reduced their price objective on 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. Finally, Stifel Nicolaus lowered their target price 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. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $107.50.

Church & Dwight Trading Down 1.6 %

Shares of CHD stock traded down $1.66 on Tuesday, hitting $102.25. The company had a trading volume of 221,469 shares, compared to its average volume of 1,356,999. The firm has a market cap of $25.03 billion, a P/E ratio of 31.97, a P/E/G ratio of 3.86 and a beta of 0.54. The stock’s 50-day moving average is $102.77 and its two-hundred day moving average is $104.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.53. Church & Dwight Co., Inc. has a twelve month low of $82.25 and a twelve month high of $110.31.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.09. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the firm posted $0.92 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a dividend of $0.2838 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.14 annualized dividend and a yield of 1.11%. Church & Dwight’s dividend payout ratio is currently 34.77%.

Insider Buying and Selling at Church & Dwight

In other news, EVP Barry A. Bruno sold 59,328 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the completion of the sale, the executive vice president now owns 4,319 shares of the company’s stock, valued at $429,179.03. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.00% of the company’s stock.

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.