Graypoint LLC Sells 413 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Graypoint LLC reduced its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 37,755 shares of the company’s stock after selling 413 shares during the quarter. Graypoint LLC’s holdings in Church & Dwight were worth $3,954,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Millennium Management LLC raised its position in Church & Dwight by 1,617.3% during the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock worth $134,043,000 after purchasing an additional 1,217,568 shares during the last quarter. Marshall Wace LLP boosted its holdings in Church & Dwight by 4,161.5% in the second quarter. Marshall Wace LLP now owns 1,100,410 shares of the company’s stock valued at $114,091,000 after acquiring an additional 1,074,588 shares during the last quarter. Capital Research Global Investors acquired a new stake in Church & Dwight during the 1st quarter valued at approximately $69,384,000. Assenagon Asset Management S.A. lifted its position in shares of Church & Dwight by 394.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 335,624 shares of the company’s stock worth $35,147,000 after purchasing an additional 267,801 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Church & Dwight by 5.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock valued at $351,668,000 after purchasing an additional 175,221 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Stock Performance

Shares of CHD stock opened at $103.21 on Thursday. Church & Dwight Co., Inc. has a one year low of $86.41 and a one year high of $110.31. The company has a market cap of $25.29 billion, a P/E ratio of 46.28, a P/E/G ratio of 3.78 and a beta of 0.55. The firm has a 50-day moving average of $103.01 and a 200-day moving average of $104.02. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.74 EPS. Equities research analysts forecast that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Morgan Stanley downgraded shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price for the company. in a research note on Monday, September 9th. Wells Fargo & Company upped their target price on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday. 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 report on Monday, August 5th. Evercore ISI cut their price target on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Monday. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $108.05.

Insider Activity

In related news, CEO Matthew Farrell sold 165,823 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $103.03, for a total value of $17,084,743.69. Following the transaction, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at approximately $11,613,438.57. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Arthur B. Winkleblack sold 11,590 shares of the company’s stock in a transaction on 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 transaction, the director now owns 7,129 shares of the company’s stock, valued at $740,275.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew Farrell sold 165,823 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.03, for a total value of $17,084,743.69. Following the transaction, the chief executive officer now owns 112,719 shares of the company’s stock, valued at $11,613,438.57. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 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.