Reik & CO. LLC Lowers Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Reik & CO. LLC lessened its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,292,710 shares of the company’s stock after selling 5,672 shares during the period. Church & Dwight accounts for about 32.2% of Reik & CO. LLC’s portfolio, making the stock its biggest position. Reik & CO. LLC’s holdings in Church & Dwight were worth $135,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Crewe Advisors LLC bought a new position in Church & Dwight during the 1st quarter worth $28,000. Rothschild Investment LLC acquired a new stake in shares of Church & Dwight in the 2nd quarter valued at $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Church & Dwight in the 2nd quarter valued at $33,000. Kimelman & Baird LLC acquired a new stake in shares of Church & Dwight in the 2nd quarter valued at $46,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Church & Dwight in the 2nd quarter valued at $50,000. Institutional investors own 86.60% of the company’s stock.

Insider Transactions at Church & Dwight

In other news, Director Arthur B. Winkleblack sold 11,590 shares of Church & Dwight stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $103.84, for a total value of $1,203,505.60. Following the completion of the transaction, the director now directly owns 7,129 shares of the company’s stock, valued at approximately $740,275.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Matthew Farrell sold 165,823 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $103.03, for a total value of $17,084,743.69. Following the completion of the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at $11,613,438.57. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Arthur B. Winkleblack sold 11,590 shares of the business’s stock in a transaction dated 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 directly owns 7,129 shares of the company’s stock, valued at $740,275.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 477,413 shares of company stock valued at $49,440,249. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CHD. Barclays reduced their target price on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday. Wells Fargo & Company raised their target price on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday. Morgan Stanley downgraded Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price on the stock. in a report on Monday, September 9th. JPMorgan Chase & Co. raised their target price on Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a report on Monday. Finally, TD Cowen raised their target price on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a report on Monday. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and an average price target of $108.05.

Church & Dwight Stock Up 0.7 %

Shares of NYSE:CHD opened at $103.91 on Friday. The firm has a market cap of $25.46 billion, a P/E ratio of 46.60, a P/E/G ratio of 3.78 and a beta of 0.55. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a 12-month low of $88.37 and a 12-month high of $110.31. The business has a fifty day simple moving average of $103.01 and a 200 day simple moving average of $104.02.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.11. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. Church & Dwight’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $0.74 EPS. Analysts predict that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, November 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 50.67%.

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.