Bank of Montreal Can Acquires 17,905 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Bank of Montreal Can grew its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 6.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 276,832 shares of the company's stock after purchasing an additional 17,905 shares during the quarter. Bank of Montreal Can owned about 0.11% of Church & Dwight worth $28,898,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CHD. Capital Performance Advisors LLP purchased a new stake in Church & Dwight in the third quarter worth $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Church & Dwight during the 3rd quarter valued at $28,000. Rothschild Investment LLC purchased a new stake in shares of Church & Dwight in the 2nd quarter worth about $31,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Church & Dwight in the 2nd quarter worth about $33,000. Finally, Kimelman & Baird LLC purchased a new position in Church & Dwight during the 2nd quarter valued at about $46,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Stock Performance

Shares of CHD stock traded down $0.23 on Friday, reaching $110.13. The stock had a trading volume of 965,206 shares, compared to its average volume of 1,696,588. The stock has a market cap of $26.98 billion, a P/E ratio of 49.39, a price-to-earnings-growth ratio of 4.04 and a beta of 0.55. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. Church & Dwight Co., Inc. has a 1 year low of $90.26 and a 1 year high of $113.50. The company has a 50 day simple moving average of $104.87 and a 200 day simple moving average of $104.33.

Church & Dwight (NYSE:CHD - Get Free Report) last released 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 business 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 EPS. The business's quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts expect that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.2838 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.03%. Church & Dwight's payout ratio is presently 50.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CHD shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Barclays reduced their price objective on Church & Dwight from $86.00 to $85.00 and set an "underweight" rating for the company in a research report on Tuesday, November 5th. Wells Fargo & Company boosted their target price on Church & Dwight from $113.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. TD Cowen raised their price target on Church & Dwight from $114.00 to $117.00 and gave the company a "buy" rating in a report on Monday, November 4th. Finally, Stifel Nicolaus lowered their price target on Church & Dwight from $107.00 to $105.00 and set a "hold" rating for the company in a research report on Monday, August 5th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $108.53.

Insider Transactions at Church & Dwight

In other Church & Dwight news, Director Arthur B. Winkleblack sold 11,590 shares of the company's stock in a transaction dated Monday, November 4th. The stock was 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 61.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Joseph James Longo sold 7,780 shares of Church & Dwight stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $112.44, for a total value of $874,783.20. Following the transaction, the chief accounting officer now directly owns 400 shares in the company, valued at approximately $44,976. The trade was a 95.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 543,513 shares of company stock worth $56,795,253 in the last 90 days. 2.00% of the stock is currently owned by 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.