Healthcare of Ontario Pension Plan Trust Fund Acquires New Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 120,000 shares of the company's stock, valued at approximately $12,566,000.

A number of other institutional investors have also modified their holdings of the stock. Massachusetts Financial Services Co. MA grew its holdings 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 acquiring an additional 429,863 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Church & Dwight by 5.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company's stock valued at $351,668,000 after purchasing an additional 175,221 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Church & Dwight by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,399,502 shares of the company's stock valued at $146,556,000 after purchasing an additional 16,257 shares during the period. Millennium Management LLC boosted its holdings in Church & Dwight by 1,617.3% during the second quarter. Millennium Management LLC now owns 1,292,854 shares of the company's stock worth $134,043,000 after buying an additional 1,217,568 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Church & Dwight by 15.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,168,866 shares of the company's stock valued at $121,191,000 after buying an additional 159,233 shares during the period. Hedge funds and other institutional investors own 86.60% of the company's stock.

Insiders Place Their Bets

In related news, CEO Matthew Farrell sold 165,823 shares of the firm's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the completion of the sale, the chief executive officer now directly owns 112,719 shares of the company's stock, valued at approximately $11,613,438.57. This trade represents a 59.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Joseph James Longo sold 7,780 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $112.44, for a total transaction of $874,783.20. Following the completion of the sale, the chief accounting officer now owns 400 shares in the company, valued at approximately $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 have sold 543,513 shares of company stock valued at $56,795,253 over the last ninety days. Company insiders own 2.00% of the company's stock.

Church & Dwight Price Performance

Shares of CHD stock traded down $0.16 during trading hours on Friday, reaching $110.20. The company had a trading volume of 965,206 shares, compared to its average volume of 1,397,880. Church & Dwight Co., Inc. has a 12-month low of $90.26 and a 12-month high of $113.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. The company has a market capitalization of $27.00 billion, a price-to-earnings ratio of 49.42, a PEG ratio of 4.04 and a beta of 0.55. The stock has a fifty day moving average of $104.87 and a 200-day moving average of $104.35.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $1.50 billion. During the same period in the prior year, the business earned $0.74 EPS. The firm's quarterly revenue was up 3.8% on a year-over-year basis. On average, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Dividend Announcement

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

Analyst Ratings Changes

CHD has been the topic of several recent analyst reports. Morgan Stanley lowered shares of 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. JPMorgan Chase & Co. increased their price target on Church & Dwight from $98.00 to $99.00 and gave the stock an "underweight" rating in a research report on Monday, November 4th. Truist Financial cut their price objective 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. TD Cowen upped their target price on Church & Dwight from $114.00 to $117.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Finally, Barclays dropped their price target on shares of Church & Dwight from $86.00 to $85.00 and set an "underweight" rating on the stock in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $108.53.

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.