Radnor Capital Management LLC Buys New Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Radnor Capital Management LLC acquired a new stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 14,800 shares of the company's stock, valued at approximately $1,550,000.

A number of other institutional investors also recently made changes to their positions in the business. Millennium Management LLC raised its holdings in Church & Dwight by 1,617.3% during the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company's stock valued at $134,043,000 after buying an additional 1,217,568 shares during the last quarter. Marshall Wace LLP raised its holdings in Church & Dwight by 4,161.5% in the 2nd quarter. Marshall Wace LLP now owns 1,100,410 shares of the company's stock worth $114,091,000 after purchasing an additional 1,074,588 shares in the last quarter. Capital Research Global Investors bought a new position in Church & Dwight in the 1st quarter worth $69,384,000. Assenagon Asset Management S.A. raised its holdings in Church & Dwight by 394.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 335,624 shares of the company's stock worth $35,147,000 after purchasing an additional 267,801 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Church & Dwight by 5.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company's stock worth $351,668,000 after acquiring an additional 175,221 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CHD shares. Truist Financial decreased their price target 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. Deutsche Bank Aktiengesellschaft increased their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday. Barclays decreased their price target 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. Wells Fargo & Company increased their price target on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Piper Sandler began coverage on shares of Church & Dwight in a research report on Tuesday, September 24th. They set an "overweight" rating and a $120.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $108.05.

Church & Dwight Stock Performance

Shares of NYSE:CHD traded down $0.93 during trading on Wednesday, hitting $103.21. The company's stock had a trading volume of 3,043,756 shares, compared to its average volume of 1,386,107. The company has a 50-day moving average of $102.98 and a 200-day moving average of $104.03. Church & Dwight Co., Inc. has a 12 month low of $86.41 and a 12 month high of $110.31. 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 firm has a market cap of $25.29 billion, a price-to-earnings ratio of 46.70, a P/E/G ratio of 3.78 and a beta of 0.55.

Church & Dwight (NYSE:CHD - Get Free Report) 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 firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the prior year, the business earned $0.74 EPS. The business's quarterly revenue was up 3.8% on a year-over-year basis. On average, sell-side analysts expect that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Friday, November 15th. Church & Dwight's payout ratio is 50.67%.

Insiders Place Their Bets

In other Church & Dwight news, Director Arthur B. Winkleblack sold 11,590 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 7,129 shares in the company, valued at approximately $740,275.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Arthur B. Winkleblack sold 11,590 shares of Church & Dwight stock in a transaction that occurred 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 sale, the director now owns 7,129 shares in the company, valued at $740,275.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew Farrell sold 165,823 shares of Church & Dwight stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the sale, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,613,438.57. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

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.