Brown Brothers Harriman & Co. Purchases 275 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Brown Brothers Harriman & Co. boosted its position in Church & Dwight Co., Inc. (NYSE:CHD) by 41.2% during the third quarter, HoldingsChannel reports. The fund owned 943 shares of the company’s stock after buying an additional 275 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Church & Dwight were worth $99,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in shares of Church & Dwight in the third quarter worth about $27,000. Ashton Thomas Securities LLC bought a new position in Church & Dwight in the 3rd quarter worth approximately $28,000. Rothschild Investment LLC purchased a new position in Church & Dwight in the 2nd quarter valued at approximately $31,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Church & Dwight during the 2nd quarter valued at $33,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Church & Dwight during the second quarter worth $38,000. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Price Performance

CHD opened at $110.36 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $27.04 billion, a P/E ratio of 49.49, a PEG ratio of 4.04 and a beta of 0.55. The stock 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 12-month low of $90.26 and a 12-month high of $113.50.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the business earned $0.74 earnings per share. Equities analysts predict that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.03%. The ex-dividend date is Friday, November 15th. Church & Dwight’s dividend payout ratio is presently 50.67%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CHD. Truist Financial reduced their price target 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. Stifel Nicolaus reduced their target price on Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a report on Monday, August 5th. JPMorgan Chase & Co. increased their price target on shares of Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a report on Monday, November 4th. Barclays reduced their price objective on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. Finally, Morgan Stanley cut shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price on the stock. in a research note on Monday, September 9th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $108.53.

Insider Buying and Selling at Church & Dwight

In other news, EVP Maynadier Patrick D. De sold 45,120 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $112.19, for a total transaction 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 approximately $1,158,361.75. This represents a 81.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Arthur B. Winkleblack sold 11,590 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the completion of the transaction, the director now owns 7,129 shares in the company, valued at $740,275.36. This represents a 61.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 543,513 shares of company stock worth $56,795,253 over the last three months. Company insiders own 2.00% of the company’s stock.

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.