Advisors Asset Management Inc. Purchases 17,338 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Advisors Asset Management Inc. boosted its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 42.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,574 shares of the company’s stock after acquiring an additional 17,338 shares during the period. Advisors Asset Management Inc.’s holdings in Church & Dwight were worth $6,134,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Strategy Asset Managers LLC boosted its holdings in Church & Dwight by 8.5% in the third quarter. Strategy Asset Managers LLC now owns 3,275 shares of the company’s stock valued at $343,000 after acquiring an additional 256 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in Church & Dwight by 1.2% in the third quarter. Avior Wealth Management LLC now owns 17,469 shares of the company’s stock valued at $1,829,000 after acquiring an additional 215 shares in the last quarter. West Family Investments Inc. boosted its holdings in Church & Dwight by 19.7% in the third quarter. West Family Investments Inc. now owns 3,428 shares of the company’s stock valued at $359,000 after acquiring an additional 563 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Church & Dwight in the third quarter valued at $616,000. Finally, Banque Cantonale Vaudoise boosted its holdings in Church & Dwight by 33.6% in the third quarter. Banque Cantonale Vaudoise now owns 36,669 shares of the company’s stock valued at $3,840,000 after acquiring an additional 9,224 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Price Performance

NYSE CHD opened at $112.33 on Friday. Church & Dwight Co., Inc. has a 52 week low of $90.26 and a 52 week high of $112.85. The firm has a market capitalization of $27.52 billion, a P/E ratio of 50.37, a PEG ratio of 4.06 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. The company has a 50-day moving average price of $104.01 and a 200-day moving average price of $104.19.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, November 1st. The company reported $0.79 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 during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research 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 announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.01%. The ex-dividend date is Friday, November 15th. Church & Dwight’s dividend payout ratio is 50.67%.

Insider Buying and Selling

In related news, Director Arthur B. Winkleblack sold 11,590 shares of the stock in a transaction that occurred on 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 approximately $740,275.36. This represents a 61.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bradley C. Irwin sold 13,200 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $107.44, for a total transaction of $1,418,208.00. Following the sale, the director now directly owns 37,169 shares of the company’s stock, valued at approximately $3,993,437.36. This trade represents a 26.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 490,613 shares of company stock valued at $50,858,457. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Piper Sandler assumed coverage on shares of Church & Dwight in a research report on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 target price on the stock. Stifel Nicolaus reduced their target price on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. upped their target price on shares of Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Finally, 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. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $108.53.

Church & Dwight Company 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.