Eastern Bank Buys New Shares in Church & Dwight Co., Inc. (NYSE:CHD)

Eastern Bank purchased a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the third quarter, Holdings Channel reports. The firm purchased 8,663 shares of the company’s stock, valued at approximately $907,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new stake in shares of Church & Dwight in the 1st quarter valued at $28,000. Rothschild Investment LLC bought a new stake in Church & Dwight in the second quarter worth $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Church & Dwight during the second quarter valued at about $33,000. Strategic Financial Concepts LLC bought a new position in shares of Church & Dwight during the second quarter valued at about $38,000. Finally, Kimelman & Baird LLC purchased a new position in shares of Church & Dwight in the second quarter worth about $46,000. Institutional investors own 86.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CHD. Morgan Stanley cut Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price for the company. in a report on Monday, September 9th. Barclays raised their target price on shares of Church & Dwight from $82.00 to $86.00 and gave the stock an “underweight” rating in a report on Friday, October 11th. Truist Financial lowered their price target 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. Evercore ISI cut their price target 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of Church & Dwight from $97.00 to $98.00 and gave the company an “underweight” rating in a research note on Friday, October 11th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $107.50.

Church & Dwight Price Performance

CHD opened at $102.56 on Thursday. Church & Dwight Co., Inc. has a 12-month low of $82.25 and a 12-month high of $110.31. The company has a market cap of $25.08 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 3.86 and a beta of 0.54. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $102.87 and a two-hundred day simple moving average of $104.05.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.09. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. Church & Dwight’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the company posted $0.92 EPS. Research analysts predict that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Thursday, August 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 35.87%.

Insider Buying and Selling at Church & Dwight

In other news, EVP Barry A. Bruno sold 59,328 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following the sale, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $429,179.03. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.00% of the stock is owned by company insiders.

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.