Financial Enhancement Group LLC Sells 51,350 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Financial Enhancement Group LLC lowered its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 82.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,892 shares of the company's stock after selling 51,350 shares during the quarter. Financial Enhancement Group LLC's holdings in Church & Dwight were worth $1,042,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHD. Millennium Management LLC raised its holdings in shares of Church & Dwight by 1,617.3% during the second quarter. Millennium Management LLC now owns 1,292,854 shares of the company's stock valued at $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% in 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 in the last quarter. Capital Research Global Investors bought a new position in Church & Dwight in the first quarter worth $69,384,000. Assenagon Asset Management S.A. raised 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 worth $35,147,000 after purchasing an additional 267,801 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in 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 worth $351,668,000 after purchasing an additional 175,221 shares in the last quarter. Institutional investors own 86.60% of the company's stock.

Insider Activity at Church & Dwight

In other 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 transaction, the director now owns 7,129 shares of the company's stock, valued at $740,275.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other 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 transaction, the director now owns 7,129 shares of the company's stock, valued at $740,275.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Matthew Farrell sold 300,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total value of $31,152,000.00. Following the completion of the transaction, the chief executive officer now directly owns 112,719 shares of the company's stock, valued at approximately $11,704,740.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 477,413 shares of company stock worth $49,440,249. 1.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CHD. Piper Sandler began coverage on Church & Dwight in a report on Tuesday, September 24th. They issued an "overweight" rating and a $120.00 price objective for the company. Wells Fargo & Company increased their price objective on Church & Dwight from $113.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday. Morgan Stanley cut Church & Dwight from an "overweight" rating to an "equal weight" rating and set a $110.00 target price on the stock. in a research note on Monday, September 9th. Truist Financial cut their target price on Church & Dwight from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Church & Dwight from $114.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday. Three research 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. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $108.05.

Church & Dwight Stock Performance

Shares of NYSE:CHD traded up $0.70 during midday trading on Thursday, hitting $103.91. The company had a trading volume of 1,442,387 shares, compared to its average volume of 1,386,386. Church & Dwight Co., Inc. has a 12-month low of $88.37 and a 12-month high of $110.31. The company has a fifty day moving average of $103.01 and a two-hundred day moving average of $104.02. The company has a market cap of $25.46 billion, a price-to-earnings ratio of 46.60, a PEG ratio of 3.78 and a beta of 0.55. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 earnings per share. On average, equities research analysts expect that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given 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 dividend yield of 1.09%. Church & Dwight's payout ratio is 50.67%.

Church & Dwight Company 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.