Church & Dwight Co., Inc. (NYSE:CHD) Stake Reduced by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 260,775 shares of the company’s stock after selling 414 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Church & Dwight were worth $27,308,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Citizens Financial Group Inc. RI increased its holdings in shares of Church & Dwight by 2.1% in the third quarter. Citizens Financial Group Inc. RI now owns 5,508 shares of the company’s stock valued at $577,000 after buying an additional 113 shares in the last quarter. Moors & Cabot Inc. purchased a new stake in shares of Church & Dwight during the third quarter valued at $329,000. Advisors Asset Management Inc. boosted its position in shares of Church & Dwight by 42.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 58,574 shares of the company’s stock valued at $6,134,000 after purchasing an additional 17,338 shares during the period. Strategy Asset Managers LLC boosted its position in shares of Church & Dwight by 8.5% in the 3rd quarter. Strategy Asset Managers LLC now owns 3,275 shares of the company’s stock valued at $343,000 after purchasing an additional 256 shares during the period. Finally, Avior Wealth Management LLC increased its stake in Church & Dwight by 1.2% in the 3rd quarter. Avior Wealth Management LLC now owns 17,469 shares of the company’s stock worth $1,829,000 after purchasing an additional 215 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on CHD. Piper Sandler initiated coverage on shares of Church & Dwight in a report on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 target price for the company. Stifel Nicolaus lowered their price objective on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, August 5th. Evercore ISI reduced their target price 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. JPMorgan Chase & Co. lifted their price target on Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a report on Monday, November 4th. Finally, Truist Financial reduced their price objective on Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $108.53.

Insider Transactions at Church & Dwight

In other news, Director Arthur B. Winkleblack sold 11,590 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were 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 of the company’s stock, valued at approximately $740,275.36. This represents a 61.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maynadier Patrick D. De sold 45,120 shares of the stock in a transaction dated Thursday, November 21st. The shares were 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. The trade was a 81.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 535,733 shares of company stock worth $55,920,470 over the last three months. 2.00% of the stock is currently owned by insiders.

Church & Dwight Price Performance

NYSE CHD opened at $111.90 on Friday. Church & Dwight Co., Inc. has a 1 year low of $90.26 and a 1 year high of $113.50. The company has a fifty day simple moving average of $104.17 and a 200 day simple moving average of $104.24. 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 company has a market cap of $27.42 billion, a P/E ratio of 50.18, a P/E/G ratio of 4.06 and a beta of 0.55.

Church & Dwight (NYSE:CHD) last released 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 company 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%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 earnings per share. On average, sell-side analysts predict that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.2838 per share. The ex-dividend date is Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.01%. Church & Dwight’s dividend payout ratio (DPR) is presently 50.67%.

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.