Highwater Wealth Management LLC Takes Position in Church & Dwight Co., Inc. (CHD)

Highwater Wealth Management LLC bought a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,587 shares of the company’s stock, valued at approximately $154,000.

Several other large investors have also made changes to their positions in CHD. Morgan Stanley lifted its position in shares of Church & Dwight by 425.0% during the 3rd quarter. Morgan Stanley now owns 4,795,962 shares of the company’s stock valued at $284,736,000 after buying an additional 3,882,426 shares in the last quarter. Capital International Investors lifted its position in shares of Church & Dwight by 15.5% during the 3rd quarter. Capital International Investors now owns 8,152,500 shares of the company’s stock valued at $484,014,000 after buying an additional 1,094,100 shares in the last quarter. Comgest Global Investors S.A.S. lifted its position in shares of Church & Dwight by 49.7% during the 3rd quarter. Comgest Global Investors S.A.S. now owns 2,842,200 shares of the company’s stock valued at $168,741,000 after buying an additional 944,200 shares in the last quarter. BlackRock Inc. lifted its position in shares of Church & Dwight by 2.4% during the 3rd quarter. BlackRock Inc. now owns 19,158,432 shares of the company’s stock valued at $1,137,435,000 after buying an additional 445,109 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Church & Dwight by 1,852.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 295,737 shares of the company’s stock valued at $17,558,000 after buying an additional 280,590 shares in the last quarter. Hedge funds and other institutional investors own 82.37% of the company’s stock.

Shares of CHD traded down $0.17 during midday trading on Wednesday, reaching $67.21. The company had a trading volume of 654,009 shares, compared to its average volume of 1,717,530. Church & Dwight Co., Inc. has a 1-year low of $44.87 and a 1-year high of $69.49. The company has a market capitalization of $16.42 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 2.64 and a beta of 0.32. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 0.77.



Church & Dwight (NYSE:CHD) last issued its earnings results on Thursday, November 1st. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. Church & Dwight had a return on equity of 25.00% and a net margin of 20.25%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company earned $0.49 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities analysts anticipate that Church & Dwight Co., Inc. will post 2.28 earnings per share for the current fiscal year.

A number of brokerages have weighed in on CHD. Morgan Stanley raised their price objective on Church & Dwight from $50.00 to $55.00 and gave the company a “sell” rating in a report on Monday, November 5th. Bank of America restated an “underperform” rating and issued a $66.00 price objective (up previously from $58.00) on shares of Church & Dwight in a report on Thursday, December 6th. Barclays set a $54.00 price objective on Church & Dwight and gave the company a “sell” rating in a report on Saturday, November 3rd. JPMorgan Chase & Co. raised their price objective on Church & Dwight from $58.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Finally, Citigroup raised their price objective on Church & Dwight from $60.00 to $66.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $60.76.

In related news, Director James Craigie sold 300,000 shares of the firm’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $66.43, for a total transaction of $19,929,000.00. Following the completion of the sale, the director now directly owns 327,577 shares of the company’s stock, valued at approximately $21,760,940.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven P. Cugine sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $64.39, for a total value of $965,850.00. Following the sale, the executive vice president now directly owns 43,948 shares of the company’s stock, valued at $2,829,811.72. The disclosure for this sale can be found here. Insiders sold a total of 379,660 shares of company stock valued at $25,161,897 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.

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Church & Dwight Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division. It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products 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; and water flossers and replacement showerheads under the WATERPIK brand.

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Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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