Church & Dwight Co., Inc. (NYSE:CHD) Holdings Trimmed by SouthState Corp

SouthState Corp trimmed its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,943 shares of the company’s stock after selling 921 shares during the period. SouthState Corp’s holdings in Church & Dwight were worth $1,984,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Church & Dwight during the 3rd quarter valued at $27,000. Crewe Advisors LLC acquired a new stake in shares of Church & Dwight during the 1st quarter valued at $28,000. Ashton Thomas Securities LLC acquired a new stake in shares of Church & Dwight during the 3rd quarter valued at $28,000. Rothschild Investment LLC acquired a new stake in shares of Church & Dwight in the 2nd quarter valued at $31,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Church & Dwight in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Piper Sandler began coverage on shares of Church & Dwight in a research note on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 price objective for the company. TD Cowen boosted their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Barclays cut their target price on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Tuesday, November 5th. Finally, Truist Financial cut their target price 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. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Church & Dwight presently has an average rating of “Hold” and an average target price of $108.53.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, Director Bradley C. Irwin sold 13,200 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $107.44, for a total value of $1,418,208.00. Following the transaction, the director now directly owns 37,169 shares in the company, valued at $3,993,437.36. The trade was a 26.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arthur B. Winkleblack sold 11,590 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the completion of the transaction, the director now owns 7,129 shares in the company, valued at approximately $740,275.36. This trade represents a 61.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 490,613 shares of company stock worth $50,858,457 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Church & Dwight Stock Performance

NYSE CHD opened at $110.29 on Tuesday. The stock has a market cap of $27.02 billion, a P/E ratio of 49.46, a PEG ratio of 3.99 and a beta of 0.55. The company’s 50-day simple moving average is $103.57 and its 200 day simple moving average is $104.05. Church & Dwight Co., Inc. has a twelve month low of $90.26 and a twelve month high of $110.41. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53.

Church & Dwight (NYSE:CHD) last posted its earnings results 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. The business 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 firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share. As a group, research analysts forecast that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given 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 1.03%. Church & Dwight’s dividend payout ratio (DPR) is presently 50.67%.

About Church & Dwight

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.