Burns J W & Co. Inc. NY Sells 1,632 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Burns J W & Co. Inc. NY lessened its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 6.1% in the third quarter, Holdings Channel reports. The firm owned 25,143 shares of the company’s stock after selling 1,632 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Church & Dwight were worth $2,633,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHD. Game Plan Financial Advisors LLC acquired a new position in Church & Dwight in the first quarter valued at about $26,000. Crewe Advisors LLC acquired a new position in Church & Dwight in the first quarter valued at about $28,000. Roble Belko & Company Inc acquired a new position in Church & Dwight in the first quarter valued at about $31,000. Rothschild Investment LLC acquired a new position in Church & Dwight in the second quarter valued at about $31,000. Finally, Creekmur Asset Management LLC acquired a new position in Church & Dwight in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CHD. TD Cowen began coverage on Church & Dwight in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 price target for the company. BNP Paribas began coverage on Church & Dwight in a research note on Monday, June 24th. They set a “neutral” rating and a $114.00 target price for the company. Evercore ISI lowered their target price on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a research note on Monday, August 5th. Piper Sandler began coverage on Church & Dwight in a research note on Tuesday, September 24th. They set an “overweight” rating and a $120.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their target price on Church & Dwight from $101.00 to $97.00 and set an “underweight” rating for the company in a research note on Monday, August 5th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $107.25.

Insider Activity at Church & Dwight

In related news, EVP Barry A. Bruno sold 59,328 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following the sale, the executive vice president now directly owns 4,319 shares in the company, valued at $429,179.03. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by company insiders.

Church & Dwight Trading Down 0.3 %

Shares of Church & Dwight stock traded down $0.30 on Friday, hitting $101.04. The stock had a trading volume of 1,037,118 shares, compared to its average volume of 1,375,513. The stock has a 50 day moving average of $102.35 and a 200 day moving average of $104.16. Church & Dwight Co., Inc. has a twelve month low of $82.25 and a twelve month high of $110.31. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.53. The firm has a market capitalization of $24.71 billion, a P/E ratio of 32.07, a PEG ratio of 3.82 and a beta of 0.54.

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

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were issued a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Thursday, August 15th. Church & Dwight’s payout ratio is presently 35.87%.

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.