Congress Asset Management Co. Sells 19,223 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Congress Asset Management Co. lowered its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 1.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,096,943 shares of the company’s stock after selling 19,223 shares during the quarter. Congress Asset Management Co.’s holdings in Church & Dwight were worth $114,872,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Crewe Advisors LLC bought a new stake in shares of Church & Dwight during the first quarter worth about $28,000. Rothschild Investment LLC bought a new stake in shares of Church & Dwight in the 2nd quarter worth approximately $31,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Church & Dwight in the second quarter worth approximately $33,000. Strategic Financial Concepts LLC purchased a new stake in Church & Dwight during the 2nd quarter valued at $38,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of Church & Dwight during the second quarter worth about $46,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insider Activity

In other news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 4,319 shares in the company, valued at approximately $429,179.03. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

Church & Dwight Stock Up 0.4 %

CHD stock traded up $0.41 during trading on Thursday, hitting $100.93. 286,977 shares of the company’s stock traded hands, compared to its average volume of 1,353,483. The business has a fifty day simple moving average of $102.90 and a two-hundred day simple moving average of $104.03. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $24.71 billion, a P/E ratio of 30.93, a PEG ratio of 3.72 and a beta of 0.54. Church & Dwight Co., Inc. has a 1 year low of $82.25 and a 1 year high of $110.31.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.09. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. Sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.43 EPS for the current year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.12%. Church & Dwight’s payout ratio is presently 34.77%.

Wall Street Analyst Weigh In

Several research firms have weighed in on CHD. Truist Financial dropped their price objective on Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday, August 5th. 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 for the company. Stifel Nicolaus reduced 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. JPMorgan Chase & Co. raised their price objective on shares of Church & Dwight from $97.00 to $98.00 and gave the stock an “underweight” rating in a report on Friday, October 11th. Finally, Wells Fargo & Company lowered their target price on Church & Dwight from $116.00 to $108.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Church & Dwight has an average rating of “Hold” and an average price target of $107.50.

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.