Independent Advisor Alliance Acquires 256 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Independent Advisor Alliance increased its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,621 shares of the company’s stock after purchasing an additional 256 shares during the period. Independent Advisor Alliance’s holdings in Church & Dwight were worth $2,997,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CHD. Price T Rowe Associates Inc. MD increased its position in Church & Dwight by 0.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 392,168 shares of the company’s stock worth $40,908,000 after purchasing an additional 1,335 shares during the last quarter. Janus Henderson Group PLC increased its position in Church & Dwight by 57.9% in the first quarter. Janus Henderson Group PLC now owns 59,844 shares of the company’s stock worth $6,239,000 after purchasing an additional 21,949 shares during the last quarter. Meiji Yasuda Life Insurance Co bought a new position in Church & Dwight during the first quarter valued at $687,000. California State Teachers Retirement System increased its position in Church & Dwight by 0.6% during the first quarter. California State Teachers Retirement System now owns 391,974 shares of the company’s stock valued at $40,887,000 after acquiring an additional 2,359 shares during the last quarter. Finally, Tidal Investments LLC increased its position in Church & Dwight by 160.1% during the first quarter. Tidal Investments LLC now owns 23,530 shares of the company’s stock valued at $2,454,000 after acquiring an additional 14,483 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Matthew Farrell sold 165,823 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the transaction, the chief executive officer now owns 112,719 shares in the company, valued at $11,613,438.57. This represents a 59.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Joseph James Longo sold 7,780 shares of the company’s 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 transaction, the chief accounting officer now owns 400 shares in the company, valued at approximately $44,976. This trade represents a 95.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 543,513 shares of company stock worth $56,795,253. 1.40% of the stock is owned by corporate insiders.

Church & Dwight Stock Performance

Shares of Church & Dwight stock opened at $110.45 on Tuesday. The company has a market capitalization of $27.06 billion, a PE ratio of 49.53, a P/E/G ratio of 4.09 and a beta of 0.55. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. The company has a 50-day simple moving average of $104.27 and a two-hundred day simple moving average of $104.22. Church & Dwight Co., Inc. has a one year low of $90.26 and a one year high of $113.50.

Church & Dwight (NYSE:CHD) last announced 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 business had revenue of $1.51 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share. Research analysts expect that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.2838 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.03%. Church & Dwight’s dividend payout ratio is presently 50.67%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CHD shares. Wells Fargo & Company boosted their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Morgan Stanley lowered 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 note on Monday, September 9th. Piper Sandler began coverage on shares of Church & Dwight in a research note on Tuesday, September 24th. They set an “overweight” rating and a $120.00 target price for the company. Barclays lowered their target price on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Tuesday, November 5th. Finally, Truist Financial lowered their target price 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. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $108.53.

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.