Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,666 shares of the company’s stock after selling 100 shares during the quarter. Nixon Peabody Trust Co.’s holdings in Church & Dwight were worth $698,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CHD. Amalgamated Bank boosted its holdings in Church & Dwight by 0.8% during the 3rd quarter. Amalgamated Bank now owns 50,056 shares of the company’s stock valued at $5,242,000 after acquiring an additional 394 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of Church & Dwight by 13.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 342,699 shares of the company’s stock valued at $35,755,000 after acquiring an additional 39,695 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Church & Dwight by 74.6% during the 2nd 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 in the last quarter. Tidal Investments LLC increased its holdings in Church & Dwight by 160.1% during the 1st quarter. Tidal Investments LLC now owns 23,530 shares of the company’s stock worth $2,454,000 after purchasing an additional 14,483 shares during the period. Finally, Natixis grew its position in shares of Church & Dwight by 434.9% during the first quarter. Natixis now owns 26,121 shares of the company’s stock worth $2,725,000 after buying an additional 21,238 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Buying and Selling at Church & Dwight

In related news, Director Bradley C. Irwin sold 13,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $107.44, for a total value of $1,418,208.00. Following the sale, the director now owns 37,169 shares of the company’s stock, valued at approximately $3,993,437.36. This represents a 26.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew Farrell sold 165,823 shares of the firm’s 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 directly owns 112,719 shares of the company’s stock, valued at $11,613,438.57. The trade was a 59.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 490,613 shares of company stock valued at $50,858,457. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Truist Financial lowered their price target on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday, August 5th. Stifel Nicolaus cut their price target on Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, August 5th. JPMorgan Chase & Co. raised their target price on Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Evercore ISI reduced their price target on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a research report on Monday, August 5th. Finally, TD Cowen increased their price objective on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Church & Dwight currently has an average rating of “Hold” and a consensus price target of $108.53.

Church & Dwight Price Performance

Church & Dwight stock traded up $0.12 during midday trading on Monday, reaching $109.14. The company’s stock had a trading volume of 59,400 shares, compared to its average volume of 1,383,113. The stock’s 50 day simple moving average is $103.48 and its 200 day simple moving average is $104.02. 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 $26.74 billion, a PE ratio of 48.89, a P/E/G ratio of 3.99 and a beta of 0.55. Church & Dwight Co., Inc. has a fifty-two week low of $90.26 and a fifty-two week high of $110.31.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the business posted $0.74 earnings per share. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities research analysts forecast that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.04%. Church & Dwight’s payout ratio is 50.67%.

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.