Church & Dwight Co., Inc. (NYSE:CHD) Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 51.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,259 shares of the company’s stock after purchasing an additional 17,774 shares during the period. Cerity Partners LLC’s holdings in Church & Dwight were worth $5,473,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CHD. Nicolet Advisory Services LLC grew its position in Church & Dwight by 5.9% during the third quarter. Nicolet Advisory Services LLC now owns 5,310 shares of the company’s stock worth $538,000 after buying an additional 297 shares during the period. Meridian Wealth Management LLC purchased a new stake in shares of Church & Dwight during the 3rd quarter worth approximately $371,000. Citigroup Inc. grew its holdings in shares of Church & Dwight by 9.1% in the 3rd quarter. Citigroup Inc. now owns 337,738 shares of the company’s stock worth $35,368,000 after acquiring an additional 28,129 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Church & Dwight by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,399,502 shares of the company’s stock valued at $146,556,000 after purchasing an additional 16,257 shares in the last quarter. Finally, Banco Santander S.A. acquired a new position in Church & Dwight during the third quarter worth $896,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Stock Performance

Shares of CHD stock opened at $110.36 on Friday. The firm has a market capitalization of $27.04 billion, a price-to-earnings ratio of 49.49, a price-to-earnings-growth ratio of 4.04 and a beta of 0.55. The company has a 50 day moving average price of $104.73 and a 200 day moving average price of $104.33. Church & Dwight Co., Inc. has a one year low of $90.26 and a one year high of $113.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62.

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. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company posted $0.74 EPS. Sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, November 15th. Church & Dwight’s payout ratio is currently 50.67%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CHD shares. Wells Fargo & Company raised their price target on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Stifel Nicolaus lowered 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 report on Monday, August 5th. Barclays cut their price objective on 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, Piper Sandler started coverage on Church & Dwight in a report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 target price on the stock. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $108.53.

Insider Buying and Selling

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 45,120 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $112.19, for a total value of $5,062,012.80. Following the completion of the sale, the executive vice president now owns 10,325 shares of the company’s stock, valued at $1,158,361.75. This trade represents a 81.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Joseph James Longo sold 7,780 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $112.44, for a total transaction of $874,783.20. Following the sale, the chief accounting officer now directly owns 400 shares of the company’s stock, valued at approximately $44,976. The trade was a 95.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 543,513 shares of company stock valued at $56,795,253. 2.00% of the stock is currently owned by corporate insiders.

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.