Church & Dwight Co., Inc. (NYSE:CHD) Holdings Boosted by Cerity Partners LLC

Cerity Partners LLC raised its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 51.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,259 shares of the company's stock after purchasing an additional 17,774 shares during the quarter. Cerity Partners LLC's holdings in Church & Dwight were worth $5,473,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its stake in shares of Church & Dwight by 1,617.3% during the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company's stock worth $134,043,000 after acquiring an additional 1,217,568 shares in the last quarter. Marshall Wace LLP raised its holdings in Church & Dwight by 4,161.5% during the second 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 during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Church & Dwight by 5.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company's stock worth $839,472,000 after purchasing an additional 429,863 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Church & Dwight by 394.9% in the third quarter. Assenagon Asset Management S.A. now owns 335,624 shares of the company's stock valued at $35,147,000 after purchasing an additional 267,801 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Church & Dwight by 5.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company's stock valued at $351,668,000 after buying an additional 175,221 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

Church & Dwight Trading Down 0.1 %

Shares of Church & Dwight stock 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 market capitalization of $27.00 billion, a price-to-earnings ratio of 49.42, a P/E/G ratio of 4.04 and a beta of 0.55. Church & Dwight Co., Inc. has a 1 year low of $90.26 and a 1 year high of $113.50. 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 firm has a 50 day simple moving average of $104.87 and a two-hundred day simple moving average of $104.35.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating 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 analyst estimates of $1.50 billion. During the same quarter last year, the firm posted $0.74 earnings per share. Church & Dwight's revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given 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 payout ratio is 50.67%.

Insiders Place Their Bets

In related news, EVP Maynadier Patrick D. De sold 45,120 shares of Church & Dwight stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $112.19, for a total value of $5,062,012.80. Following the completion of the sale, the executive vice president now owns 10,325 shares in the company, valued at approximately $1,158,361.75. The trade was a 81.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Joseph James Longo sold 7,780 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $112.44, for a total transaction of $874,783.20. Following the transaction, the chief accounting officer now owns 400 shares in the company, valued at $44,976. This trade represents a 95.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 543,513 shares of company stock worth $56,795,253 in the last 90 days. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CHD has been the topic of several recent research reports. 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. Morgan Stanley downgraded shares of Church & Dwight from an "overweight" rating to an "equal weight" rating and set a $110.00 price target on the stock. in a report on Monday, September 9th. Barclays dropped their price objective 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, November 5th. Wells Fargo & Company upped their target price on Church & Dwight from $113.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Finally, Truist Financial dropped their price target on Church & Dwight from $115.00 to $110.00 and set a "buy" rating for the company in a research report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average 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.