Church & Dwight Co., Inc. (NYSE:CHD) Shares Bought by West Family Investments Inc.

West Family Investments Inc. boosted its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 19.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,428 shares of the company’s stock after purchasing an additional 563 shares during the period. West Family Investments Inc.’s holdings in Church & Dwight were worth $359,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP purchased a new stake in shares of Church & Dwight in the third quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new position in Church & Dwight in the third quarter valued at approximately $28,000. Crewe Advisors LLC purchased a new stake in Church & Dwight in the 1st quarter worth approximately $28,000. Rothschild Investment LLC purchased a new stake in Church & Dwight in the 2nd quarter worth approximately $31,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Church & Dwight during the 2nd quarter worth approximately $33,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. TD Cowen boosted their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Truist Financial lowered their target price on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Morgan Stanley lowered Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target for the company. in a research note on Monday, September 9th. Evercore ISI reduced their price target on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a report on Monday, August 5th. Finally, Piper Sandler initiated coverage on Church & Dwight in a report on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $108.53.

Church & Dwight Price Performance

Church & Dwight stock opened at $110.93 on Wednesday. The firm has a market capitalization of $27.18 billion, a price-to-earnings ratio of 49.74, a PEG ratio of 4.03 and a beta of 0.55. Church & Dwight Co., Inc. has a 52-week low of $90.26 and a 52-week high of $111.45. The company has a fifty day simple moving average of $103.67 and a 200-day simple moving average of $104.08. 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 released its quarterly earnings data on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. Church & Dwight’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 EPS. On average, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, November 15th. Church & Dwight’s payout ratio is currently 50.67%.

Insiders Place Their Bets

In other news, CEO Matthew Farrell sold 165,823 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the completion of the sale, the chief executive officer now owns 112,719 shares in the company, valued at $11,613,438.57. This trade represents a 59.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bradley C. Irwin sold 13,200 shares of Church & Dwight stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $107.44, for a total transaction of $1,418,208.00. Following the sale, the director now directly owns 37,169 shares in the company, valued at approximately $3,993,437.36. The trade was a 26.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 490,613 shares of company stock valued at $50,858,457 in the last three months. 1.40% of the stock is currently owned by insiders.

Church & Dwight 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.