Avior Wealth Management LLC Acquires 215 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Avior Wealth Management LLC grew its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,469 shares of the company’s stock after purchasing an additional 215 shares during the period. Avior Wealth Management LLC’s holdings in Church & Dwight were worth $1,829,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CHD. Millennium Management LLC increased its holdings in Church & Dwight by 1,617.3% in the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock worth $134,043,000 after buying an additional 1,217,568 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of 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 during the last quarter. Capital Research Global Investors bought a new position in Church & Dwight during the first quarter valued at approximately $69,384,000. Assenagon Asset Management S.A. boosted 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 during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Church & Dwight by 5.5% in the 3rd 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. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Performance

NYSE:CHD opened at $110.93 on Wednesday. The stock has a 50-day moving average price of $103.67 and a 200 day moving average price of $104.08. The company has a current ratio of 1.62, a quick ratio of 1.09 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 $111.45. The stock has a market capitalization of $27.18 billion, a P/E ratio of 49.74, a P/E/G ratio of 4.03 and a beta of 0.55.

Church & Dwight (NYSE:CHD) last released 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 net margin of 9.08% and a return on equity of 19.90%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the business posted $0.74 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts forecast that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The company 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 dividend of $0.2838 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.02%. Church & Dwight’s payout ratio is 50.67%.

Insider Transactions at Church & Dwight

In related news, Director Arthur B. Winkleblack sold 11,590 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 7,129 shares in the company, valued at $740,275.36. This trade represents a 61.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew Farrell sold 165,823 shares of Church & Dwight stock in a transaction dated Monday, November 4th. The stock was 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 directly owns 112,719 shares of the company’s stock, valued at approximately $11,613,438.57. This represents a 59.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 490,613 shares of company stock valued at $50,858,457. 1.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. TD Cowen increased their price target on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a report on Monday, November 4th. Morgan Stanley cut Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price on the stock. in a research report on Monday, September 9th. Stifel Nicolaus reduced their price target on shares of 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 price objective on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Finally, Truist Financial reduced their target price on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.