Franklin Resources Inc. Purchases 4,091 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Franklin Resources Inc. grew its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 520,744 shares of the company’s stock after purchasing an additional 4,091 shares during the quarter. Franklin Resources Inc. owned approximately 0.21% of Church & Dwight worth $53,720,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in Church & Dwight during the third quarter valued at about $27,000. Ashton Thomas Securities LLC bought a new stake in Church & Dwight in the 3rd quarter worth $28,000. Rothschild Investment LLC purchased a new position in shares of Church & Dwight in the second quarter valued at about $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Church & Dwight during the second quarter worth about $33,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Church & Dwight in the second quarter worth about $38,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on CHD. Morgan Stanley cut shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price for the company. in a research report on Monday, September 9th. Barclays dropped their target price on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Piper Sandler initiated coverage on shares of Church & Dwight in a report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price target on the stock. Wells Fargo & Company increased their price objective on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. upped their target price on shares of Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Church & Dwight has a consensus rating of “Hold” and an average price target of $109.56.

Church & Dwight Price Performance

NYSE CHD opened at $105.82 on Wednesday. Church & Dwight Co., Inc. has a 52 week low of $90.69 and a 52 week high of $113.50. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $25.93 billion, a P/E ratio of 47.45, a price-to-earnings-growth ratio of 3.86 and a beta of 0.57. The stock’s 50-day moving average price is $106.02 and its 200-day moving average price is $104.43.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The company 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 firm’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.74 EPS. On average, equities research analysts predict that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a $0.2838 dividend. The ex-dividend date 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 presently 50.67%.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, CAO Joseph James Longo sold 7,780 shares of the stock in a transaction dated 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 transaction, the chief accounting officer now owns 400 shares of the company’s stock, valued at $44,976. This represents a 95.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rick Spann sold 39,520 shares of Church & Dwight stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $112.00, for a total value of $4,426,240.00. Following the completion of the sale, the executive vice president now directly owns 4,973 shares in the company, valued at $556,976. This trade represents a 88.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 593,035 shares of company stock valued at $62,282,808 over the last ninety days. 2.00% of the stock is currently owned by company 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.