Segall Bryant & Hamill LLC Lowers Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Segall Bryant & Hamill LLC trimmed its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 123,354 shares of the company’s stock after selling 1,159 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Church & Dwight were worth $12,918,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Millennium Management LLC increased its holdings in shares of Church & Dwight by 1,617.3% in the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock valued at $134,043,000 after acquiring an additional 1,217,568 shares during the period. Marshall Wace LLP boosted its position in Church & Dwight by 4,161.5% during the second quarter. Marshall Wace LLP now owns 1,100,410 shares of the company’s stock valued at $114,091,000 after purchasing an additional 1,074,588 shares in the last quarter. Capital Research Global Investors purchased a new position in Church & Dwight in the first quarter valued at about $69,384,000. Assenagon Asset Management S.A. raised its holdings in Church & Dwight by 394.9% in the third quarter. Assenagon Asset Management S.A. now owns 335,624 shares of the company’s stock worth $35,147,000 after purchasing an additional 267,801 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of 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 valued at $351,668,000 after buying an additional 175,221 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.

Analysts Set New Price Targets

CHD has been the subject of several recent analyst reports. Truist Financial reduced their price objective on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price target on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Stifel Nicolaus lowered their price objective on Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, August 5th. Barclays dropped their target price on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 5th. Finally, TD Cowen increased their price target on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $108.53.

Church & Dwight Trading Up 0.3 %

Shares of Church & Dwight stock opened at $111.29 on Thursday. The stock has a market cap of $27.27 billion, a PE ratio of 49.91, a price-to-earnings-growth ratio of 4.06 and a beta of 0.55. The firm has a fifty day moving average price of $103.83 and a 200 day moving average price of $104.13. Church & Dwight Co., Inc. has a 1 year low of $90.26 and a 1 year high of $111.75. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.2838 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.02%. Church & Dwight’s dividend payout ratio is presently 50.67%.

Insider Transactions at Church & Dwight

In other Church & Dwight news, Director Bradley C. Irwin sold 13,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $107.44, for a total value of $1,418,208.00. Following the sale, the director now directly owns 37,169 shares of the company’s stock, valued at approximately $3,993,437.36. This trade represents a 26.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arthur B. Winkleblack sold 11,590 shares of the business’s 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 disclosure for this sale can be found here. Insiders have sold 490,613 shares of company stock valued at $50,858,457 in the last 90 days. 2.00% of the stock is currently owned by company 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.