Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC reduced its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 309,391 shares of the company’s stock after selling 2,766 shares during the quarter. Church & Dwight comprises 2.3% of Mountain Pacific Investment Advisers LLC’s investment portfolio, making the stock its 16th biggest holding. Mountain Pacific Investment Advisers LLC owned 0.13% of Church & Dwight worth $32,396,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CHD. State Street Corp lifted its holdings in Church & Dwight by 8.0% in the third quarter. State Street Corp now owns 13,116,334 shares of the company’s stock valued at $1,373,542,000 after acquiring an additional 969,006 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Church & Dwight by 5.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock valued at $839,472,000 after purchasing an additional 429,863 shares during the period. Stifel Financial Corp boosted its holdings in Church & Dwight by 0.5% during the third quarter. Stifel Financial Corp now owns 4,295,527 shares of the company’s stock worth $449,830,000 after buying an additional 21,607 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Church & Dwight by 5.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock worth $351,668,000 after buying an additional 175,221 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Church & Dwight by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,399,502 shares of the company’s stock valued at $146,556,000 after buying an additional 16,257 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Church & Dwight

In other Church & Dwight news, Director Arthur B. Winkleblack sold 11,590 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $103.84, for a total value of $1,203,505.60. Following the completion of the sale, the director now owns 7,129 shares of the company’s stock, valued at $740,275.36. This trade represents a 61.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew Farrell sold 300,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total transaction of $31,152,000.00. Following the transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,704,740.96. The trade was a 72.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 593,035 shares of company stock valued at $62,282,808 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CHD. Stifel Nicolaus decreased their price target on Church & Dwight from $105.00 to $103.00 and set a “hold” rating on the stock in a research note on Friday. Wells Fargo & Company upped their target price on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price target on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. increased their price objective on shares of Church & Dwight from $99.00 to $107.00 and gave the company an “underweight” rating in a research note on Thursday, January 16th. Finally, Barclays lifted their target price on shares of Church & Dwight from $85.00 to $90.00 and gave the stock an “underweight” rating in a research report on Friday. Two 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $110.61.

Church & Dwight Stock Up 0.1 %

Shares of NYSE CHD opened at $106.42 on Tuesday. The stock has a market capitalization of $26.07 billion, a PE ratio of 47.72, a P/E/G ratio of 3.28 and a beta of 0.58. 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 firm has a fifty day moving average of $106.86 and a 200-day moving average of $104.04. Church & Dwight Co., Inc. has a 52-week low of $96.09 and a 52-week high of $113.50.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 earnings per share. On average, analysts anticipate that Church & Dwight Co., Inc. will post 3.44 EPS for the current year.

Church & Dwight Announces Dividend

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

About Church & Dwight

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.