Bridgewater Associates LP Sells 204,454 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Bridgewater Associates LP trimmed its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 71.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,824 shares of the company's stock after selling 204,454 shares during the quarter. Bridgewater Associates LP's holdings in Church & Dwight were worth $8,464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Empowered Funds LLC boosted its holdings in Church & Dwight by 2.8% in the 3rd quarter. Empowered Funds LLC now owns 3,651 shares of the company's stock valued at $382,000 after purchasing an additional 99 shares during the period. Oppenheimer & Co. Inc. raised its stake in Church & Dwight by 0.3% during the third quarter. Oppenheimer & Co. Inc. now owns 32,066 shares of the company's stock worth $3,358,000 after acquiring an additional 104 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in Church & Dwight by 3.3% during the third quarter. Kingsview Wealth Management LLC now owns 3,373 shares of the company's stock worth $353,000 after buying an additional 107 shares during the last quarter. Citizens Financial Group Inc. RI raised its position in Church & Dwight by 2.1% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 5,508 shares of the company's stock valued at $577,000 after purchasing an additional 113 shares during the last quarter. Finally, Elk River Wealth Management LLC raised its position in Church & Dwight by 0.3% in the 2nd quarter. Elk River Wealth Management LLC now owns 34,678 shares of the company's stock valued at $3,595,000 after purchasing an additional 114 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

Insider Transactions at Church & Dwight

In other Church & Dwight news, CAO Joseph James Longo sold 7,780 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $112.44, for a total value of $874,783.20. Following the sale, the chief accounting officer now owns 400 shares in the company, valued at approximately $44,976. The trade was a 95.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Arthur B. Winkleblack sold 11,590 shares of the firm's stock in a transaction that occurred on 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 transaction, the director now directly owns 7,129 shares of the company's stock, valued at $740,275.36. This represents a 61.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 543,513 shares of company stock valued at $56,795,253 over the last quarter. Corporate insiders own 2.00% of the company's stock.

Church & Dwight Trading Down 0.1 %

Shares of CHD traded down $0.16 during trading hours on Friday, reaching $110.20. The stock had a trading volume of 965,206 shares, compared to its average volume of 1,397,880. The firm has a 50-day moving average of $104.73 and a 200 day moving average of $104.33. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The company has a market cap of $27.00 billion, a P/E ratio of 49.31, a P/E/G ratio of 4.04 and a beta of 0.55. Church & Dwight Co., Inc. has a 52 week low of $90.26 and a 52 week high of $113.50.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings results 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. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the company earned $0.74 earnings per share. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, sell-side analysts expect that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

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

Wall Street Analysts Forecast Growth

CHD has been the subject of a number of research reports. Piper Sandler began coverage on Church & Dwight in a research note on Tuesday, September 24th. They issued an "overweight" rating and a $120.00 target price for the company. Wells Fargo & Company upped their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Truist Financial decreased their price target on shares of Church & Dwight from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. increased their price objective on Church & Dwight from $98.00 to $99.00 and gave the company an "underweight" rating in a research report on Monday, November 4th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Church & Dwight currently has an average rating of "Hold" and a consensus price target of $108.53.

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.