Tandem Investment Advisors Inc. Grows Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Tandem Investment Advisors Inc. grew its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 495,717 shares of the company’s stock after acquiring an additional 20,557 shares during the period. Church & Dwight comprises about 2.0% of Tandem Investment Advisors Inc.’s investment portfolio, making the stock its 25th biggest position. Tandem Investment Advisors Inc. owned about 0.20% of Church & Dwight worth $51,911,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CHD. CANADA LIFE ASSURANCE Co raised its position in shares of Church & Dwight by 13.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 342,699 shares of the company’s stock valued at $35,755,000 after buying an additional 39,695 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Church & Dwight by 12.8% in the 1st quarter. Russell Investments Group Ltd. now owns 208,997 shares of the company’s stock worth $21,798,000 after acquiring an additional 23,754 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Church & Dwight by 74.6% in the second quarter. Assenagon Asset Management S.A. now owns 67,823 shares of the company’s stock worth $7,032,000 after purchasing an additional 28,986 shares during the last quarter. Mizuho Markets Americas LLC lifted its position in Church & Dwight by 117.1% during the first quarter. Mizuho Markets Americas LLC now owns 107,206 shares of the company’s stock valued at $11,183,000 after purchasing an additional 57,817 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in shares of Church & Dwight by 160.1% in the 1st quarter. Tidal Investments LLC now owns 23,530 shares of the company’s stock worth $2,454,000 after buying an additional 14,483 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Performance

NYSE CHD opened at $103.91 on Friday. The stock has a 50-day moving average of $103.01 and a two-hundred day moving average of $104.02. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. The company 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. Church & Dwight Co., Inc. has a 1-year low of $88.37 and a 1-year high of $110.31.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, topping 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 business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm earned $0.74 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. As a group, analysts anticipate that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid 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 yield of 1.09%. Church & Dwight’s dividend payout ratio is presently 50.67%.

Insiders Place Their Bets

In other news, 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 transaction, the chief executive officer now owns 112,719 shares of the company’s stock, valued at approximately $11,704,740.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Arthur B. Winkleblack sold 11,590 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the transaction, the director now directly owns 7,129 shares of the company’s stock, valued at $740,275.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew Farrell sold 300,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $103.84, for a total transaction of $31,152,000.00. Following the completion of the sale, the chief executive officer now owns 112,719 shares of the company’s stock, valued at $11,704,740.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 477,413 shares of company stock valued at $49,440,249 over the last quarter. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

CHD has been the topic of several analyst reports. TD Cowen boosted their price objective on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday. Truist Financial lowered their target price 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. Barclays lowered their price objective on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Evercore ISI cut their price objective on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a report on Monday, August 5th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Church & Dwight currently has an average rating of “Hold” and a consensus target price of $108.05.

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.