Private Trust Co. NA Raises Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Private Trust Co. NA increased its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 6.2% in the 3rd quarter, Holdings Channel reports. The fund owned 6,076 shares of the company’s stock after buying an additional 353 shares during the quarter. Private Trust Co. NA’s holdings in Church & Dwight were worth $636,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CHD. Amalgamated Bank increased its stake in shares of Church & Dwight by 0.8% during the third quarter. Amalgamated Bank now owns 50,056 shares of the company’s stock valued at $5,242,000 after purchasing an additional 394 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Church & Dwight by 74.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 67,823 shares of the company’s stock worth $7,032,000 after buying an additional 28,986 shares during the last quarter. Tidal Investments LLC increased its position in Church & Dwight by 160.1% during the 1st quarter. Tidal Investments LLC now owns 23,530 shares of the company’s stock valued at $2,454,000 after buying an additional 14,483 shares in the last quarter. Addenda Capital Inc. raised its stake in Church & Dwight by 12.7% during the second quarter. Addenda Capital Inc. now owns 56,723 shares of the company’s stock valued at $5,881,000 after buying an additional 6,389 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in Church & Dwight by 12.4% in the second quarter. Hsbc Holdings PLC now owns 803,588 shares of the company’s stock worth $83,249,000 after acquiring an additional 88,580 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CHD has been the subject of several recent analyst reports. Truist Financial lowered their price target on Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Wells Fargo & Company lifted their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. TD Cowen upped their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Morgan Stanley downgraded shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target for the company. in a research report on Monday, September 9th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Three 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 stock. According to data from MarketBeat, Church & Dwight presently has an average rating of “Hold” and an average price target of $108.53.

Church & Dwight Trading Down 0.1 %

Shares of Church & Dwight stock opened at $110.35 on Wednesday. Church & Dwight Co., Inc. has a 1-year low of $90.26 and a 1-year high of $113.50. The company’s fifty day simple moving average is $104.40 and its 200-day simple moving average is $104.25. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. The stock has a market capitalization of $27.04 billion, a PE ratio of 49.48, a P/E/G ratio of 4.04 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 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 analyst estimates of $1.50 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. Church & Dwight’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Dividend Announcement

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

Insiders Place Their Bets

In other news, CAO Joseph James Longo sold 7,780 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $112.44, for a total value of $874,783.20. Following the transaction, the chief accounting officer now directly owns 400 shares in the company, valued at $44,976. The trade was a 95.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew Farrell sold 300,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total value of $31,152,000.00. Following the completion of the transaction, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at approximately $11,704,740.96. This trade represents a 72.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 543,513 shares of company stock worth $56,795,253 over the last three months. 1.40% of the stock is currently owned by company insiders.

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.