Summit Trail Advisors LLC Boosts Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Summit Trail Advisors LLC raised its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 43.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,966 shares of the company’s stock after buying an additional 1,815 shares during the quarter. Summit Trail Advisors LLC’s holdings in Church & Dwight were worth $625,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHD. Massachusetts Financial Services Co. MA increased its holdings in Church & Dwight by 5.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock worth $839,472,000 after acquiring an additional 429,863 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Church & Dwight by 5.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock worth $351,668,000 after purchasing an additional 175,221 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Church & Dwight by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,399,502 shares of the company’s stock worth $146,556,000 after buying an additional 16,257 shares in the last quarter. Millennium Management LLC boosted its stake in Church & Dwight by 1,617.3% during the second quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock valued at $134,043,000 after buying an additional 1,217,568 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Church & Dwight by 15.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,168,866 shares of the company’s stock worth $121,191,000 after buying an additional 159,233 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Joseph James Longo sold 7,780 shares of Church & Dwight 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 completion of the transaction, the chief accounting officer now directly owns 400 shares of the company’s stock, valued at $44,976. This trade represents a 95.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Maynadier Patrick D. De sold 45,120 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $112.19, for a total transaction of $5,062,012.80. Following the completion of the sale, the executive vice president now owns 10,325 shares in the company, valued at approximately $1,158,361.75. This trade represents a 81.38 % 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 in the last quarter. 1.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

CHD has been the topic of several recent analyst reports. Stifel Nicolaus lowered their price target on Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, August 5th. Truist Financial cut their price target 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. Wells Fargo & Company raised 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. 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 report on Monday, November 4th. Finally, Morgan Stanley downgraded Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target on the stock. in a research report on Monday, September 9th. Three equities research 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $108.53.

Church & Dwight Price Performance

Shares of Church & Dwight stock opened at $110.45 on Tuesday. The firm has a market cap of $27.06 billion, a PE ratio of 49.53, a price-to-earnings-growth ratio of 4.09 and a beta of 0.55. The company’s fifty day simple moving average is $104.27 and its two-hundred day simple moving average is $104.22. 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 $90.26 and a 12-month 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, beating analysts’ consensus estimates of $0.68 by $0.11. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 earnings per share. As a group, equities analysts expect that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Announces Dividend

The company also recently announced 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 1.03%. The ex-dividend date is Friday, November 15th. Church & Dwight’s dividend payout ratio is currently 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.