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

Advisors Asset Management Inc. raised its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 42.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,574 shares of the company’s stock after purchasing an additional 17,338 shares during the quarter. Advisors Asset Management Inc.’s holdings in Church & Dwight were worth $6,134,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of Church & Dwight during the third quarter valued at $27,000. Crewe Advisors LLC purchased a new position in shares of Church & Dwight during the first quarter valued at $28,000. Ashton Thomas Securities LLC purchased a new position in shares of Church & Dwight during the third quarter valued at $28,000. Rothschild Investment LLC purchased a new position in shares of Church & Dwight during the second quarter valued at $31,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Church & Dwight during the second quarter valued at $33,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Trading Up 0.9 %

Church & Dwight stock 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 company has a market capitalization of $27.52 billion, a price-to-earnings ratio of 50.37, a price-to-earnings-growth ratio of 4.06 and a beta of 0.55. The stock has a 50-day moving average price of $104.01 and a 200 day moving average price of $104.19. 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 (NYSE:CHD) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period 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. Sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Dividend Announcement

The business 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 $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, November 15th. Church & Dwight’s payout ratio is presently 50.67%.

Insider Activity

In other news, Director Bradley C. Irwin sold 13,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $107.44, for a total value of $1,418,208.00. Following the completion of the sale, the director now directly owns 37,169 shares in the company, valued at $3,993,437.36. The trade was a 26.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew Farrell sold 300,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 112,719 shares of the company’s stock, valued at $11,704,740.96. The trade was a 72.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 490,613 shares of company stock worth $50,858,457 over the last three months. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CHD shares. Piper Sandler began coverage on Church & Dwight in a research note on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price target on the stock. Evercore ISI cut their target price on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research note on Monday, August 5th. Wells Fargo & Company lifted their target price on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Stifel Nicolaus cut their target price on Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lifted 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 investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Church & Dwight presently has an average rating of “Hold” and an average target price of $108.53.

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.