Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC cut its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 9.5% during the 3rd quarter, Holdings Channel reports. The firm owned 11,134 shares of the company’s stock after selling 1,171 shares during the period. Sequoia Financial Advisors LLC’s holdings in Church & Dwight were worth $1,166,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Wellington Management Group LLP raised its stake in Church & Dwight by 189.4% in the 4th quarter. Wellington Management Group LLP now owns 80,332 shares of the company’s stock valued at $7,596,000 after purchasing an additional 52,576 shares during the last quarter. Brookstone Capital Management lifted its stake in shares of Church & Dwight by 3.1% during the first quarter. Brookstone Capital Management now owns 18,629 shares of the company’s stock valued at $1,943,000 after buying an additional 557 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Church & Dwight by 19.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 20,994 shares of the company’s stock worth $2,190,000 after acquiring an additional 3,388 shares during the last quarter. Kathmere Capital Management LLC grew its stake in Church & Dwight by 13.0% in the 1st quarter. Kathmere Capital Management LLC now owns 4,217 shares of the company’s stock worth $440,000 after acquiring an additional 485 shares during the period. Finally, Miracle Mile Advisors LLC acquired a new position in Church & Dwight in the 1st quarter valued at $338,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CHD has been the subject of a number of recent analyst reports. Truist Financial lowered their price objective on Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Barclays upped their price objective on shares of Church & Dwight from $82.00 to $86.00 and gave the company an “underweight” rating in a research note on Friday, October 11th. TD Cowen started coverage on shares of Church & Dwight in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 target price on the stock. Wells Fargo & Company lowered their target price on shares of Church & Dwight from $116.00 to $108.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, Stifel Nicolaus cut their price target on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, August 5th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $107.50.

Insiders Place Their Bets

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

Church & Dwight Stock Down 1.7 %

Shares of NYSE:CHD opened at $100.84 on Friday. The company has a market capitalization of $24.69 billion, a price-to-earnings ratio of 31.01, a price-to-earnings-growth ratio of 3.80 and a beta of 0.54. The company has a 50 day moving average of $102.92 and a two-hundred day moving average of $104.04. Church & Dwight Co., Inc. has a 52-week low of $82.25 and a 52-week high of $110.31. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, August 2nd. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.09. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the business earned $0.92 EPS. As a group, analysts forecast that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Thursday, August 15th. Church & Dwight’s dividend payout ratio is currently 34.77%.

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.