Pittenger & Anderson Inc. Purchases 385 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Pittenger & Anderson Inc. raised its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 78,399 shares of the company’s stock after purchasing an additional 385 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Church & Dwight were worth $8,210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CHD. Norden Group LLC increased its holdings in Church & Dwight by 77.0% during the first quarter. Norden Group LLC now owns 5,271 shares of the company’s stock valued at $550,000 after buying an additional 2,293 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Church & Dwight by 20.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 80,042 shares of the company’s stock worth $8,349,000 after purchasing an additional 13,455 shares during the period. Nordea Investment Management AB lifted its position in Church & Dwight by 3.6% during the first quarter. Nordea Investment Management AB now owns 17,195 shares of the company’s stock valued at $1,788,000 after purchasing an additional 596 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Church & Dwight by 9.9% during the first quarter. Daiwa Securities Group Inc. now owns 24,556 shares of the company’s stock valued at $2,561,000 after purchasing an additional 2,207 shares during the period. Finally, Central Pacific Bank Trust Division bought a new stake in Church & Dwight during the first quarter valued at about $385,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Down 1.7 %

Shares of NYSE CHD opened at $102.96 on Tuesday. The stock has a market capitalization of $25.21 billion, a price-to-earnings ratio of 46.17, a P/E/G ratio of 3.87 and a beta of 0.55. Church & Dwight Co., Inc. has a 12-month low of $86.23 and a 12-month high of $110.31. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The firm’s 50-day moving average price is $102.92 and its 200-day moving average price is $104.03.

Church & Dwight (NYSE:CHD) last posted 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. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the company earned $0.74 EPS. On average, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.43 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Friday, November 15th. Church & Dwight’s dividend payout ratio (DPR) is 50.67%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CHD. Barclays lifted their price objective on Church & Dwight from $82.00 to $86.00 and gave the company an “underweight” rating in a research report on Friday, October 11th. Truist Financial dropped their price target 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. 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Monday. Finally, Stifel Nicolaus decreased their price target on Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $108.10.

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.