Church & Dwight Co., Inc. (NYSE:CHD) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp grew its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 11.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,226 shares of the company’s stock after buying an additional 3,989 shares during the period. Van ECK Associates Corp’s holdings in Church & Dwight were worth $4,126,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHD. Crewe Advisors LLC purchased a new position in Church & Dwight in the 1st quarter worth approximately $28,000. Rothschild Investment LLC purchased a new position in Church & Dwight during the second quarter worth approximately $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Church & Dwight during the second quarter worth $33,000. Strategic Financial Concepts LLC purchased a new stake in Church & Dwight in the 2nd quarter valued at $38,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Church & Dwight in the 2nd quarter worth $46,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Church & Dwight

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

Wall Street Analyst Weigh In

CHD has been the subject of a number of analyst reports. Truist Financial dropped their price objective 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. JPMorgan Chase & Co. raised their price target on shares of Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a report on Monday, November 4th. Stifel Nicolaus decreased their price objective on Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, August 5th. Barclays cut their target price on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Tuesday. Finally, Piper Sandler initiated coverage on Church & Dwight in a research report on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $108.05.

Church & Dwight Price Performance

Church & Dwight stock opened at $106.50 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The company has a fifty day simple moving average of $103.16 and a 200-day simple moving average of $104.02. The stock has a market cap of $26.09 billion, a P/E ratio of 47.76, a price-to-earnings-growth ratio of 3.78 and a beta of 0.55. Church & Dwight Co., Inc. has a 12-month low of $88.46 and a 12-month high of $110.31.

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, topping the consensus estimate of $0.68 by $0.11. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.74 EPS. Equities analysts expect that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The business 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 annualized dividend and a yield of 1.07%. Church & Dwight’s dividend payout ratio is currently 50.67%.

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.