Janus Henderson Group PLC Sells 1,207 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Janus Henderson Group PLC decreased its position in Church & Dwight Co., Inc. (NYSE:CHD) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,566 shares of the company’s stock after selling 1,207 shares during the quarter. Janus Henderson Group PLC’s holdings in Church & Dwight were worth $6,027,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CHD. Holocene Advisors LP bought a new position in Church & Dwight in the 3rd quarter worth approximately $104,795,000. Benjamin Edwards Inc. grew its stake in shares of Church & Dwight by 6,963.8% in the third quarter. Benjamin Edwards Inc. now owns 11,302 shares of the company’s stock worth $1,183,000 after acquiring an additional 11,142 shares during the last quarter. Edgestream Partners L.P. increased its position in Church & Dwight by 4.4% during the third quarter. Edgestream Partners L.P. now owns 3,306 shares of the company’s stock worth $346,000 after acquiring an additional 140 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its stake in Church & Dwight by 4.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 69,488 shares of the company’s stock valued at $7,277,000 after purchasing an additional 3,100 shares during the last quarter. Finally, PDT Partners LLC bought a new stake in Church & Dwight in the 3rd quarter valued at $358,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Piper Sandler began coverage on Church & Dwight in a research report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Wells Fargo & Company raised their target price on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Barclays dropped 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, TD Cowen lifted their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and an average price target of $108.53.

Church & Dwight Trading Down 1.2 %

Shares of NYSE CHD opened at $105.93 on Tuesday. Church & Dwight Co., Inc. has a 1-year low of $90.26 and a 1-year high of $113.50. The company has a 50-day moving average of $105.50 and a two-hundred day moving average of $104.40. The company has a market cap of $25.95 billion, a PE ratio of 47.50, a P/E/G ratio of 3.92 and a beta of 0.57. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data 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 firm had revenue of $1.51 billion during 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%. Church & Dwight’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 EPS. As a group, equities analysts expect that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a $0.2838 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.07%. Church & Dwight’s payout ratio is 50.67%.

Insiders Place Their Bets

In other Church & Dwight news, CAO Joseph James Longo sold 7,780 shares of Church & Dwight 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 completion of the sale, the chief accounting officer now owns 400 shares of the company’s stock, valued at approximately $44,976. The trade was a 95.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Farrell sold 165,823 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $103.03, for a total value of $17,084,743.69. Following the completion of the transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,613,438.57. This trade represents a 59.53 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 583,033 shares of company stock valued at $61,221,493. 1.40% of the stock is currently owned by insiders.

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.