Kovitz Investment Group Partners LLC Invests $920,000 in Church & Dwight Co., Inc. (NYSE:CHD)

Kovitz Investment Group Partners LLC purchased a new position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,781 shares of the company's stock, valued at approximately $920,000.

A number of other institutional investors also recently bought and sold shares of CHD. Amalgamated Bank boosted its stake in shares of Church & Dwight by 0.8% in the third quarter. Amalgamated Bank now owns 50,056 shares of the company's stock worth $5,242,000 after buying an additional 394 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Church & Dwight by 74.6% in the second quarter. Assenagon Asset Management S.A. now owns 67,823 shares of the company's stock valued at $7,032,000 after acquiring an additional 28,986 shares during the period. Hsbc Holdings PLC boosted its position in Church & Dwight by 12.4% in the 2nd quarter. Hsbc Holdings PLC now owns 803,588 shares of the company's stock worth $83,249,000 after purchasing an additional 88,580 shares in the last quarter. Citigroup Inc. grew its stake in shares of Church & Dwight by 9.1% during the 3rd quarter. Citigroup Inc. now owns 337,738 shares of the company's stock worth $35,368,000 after purchasing an additional 28,129 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Church & Dwight by 55.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 241,801 shares of the company's stock valued at $25,070,000 after purchasing an additional 86,318 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Trading Up 0.3 %

CHD stock traded up $0.32 during trading on Thursday, reaching $105.90. 472,764 shares of the stock were exchanged, compared to its average volume of 1,397,903. 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 market capitalization of $25.95 billion, a price-to-earnings ratio of 47.58, a P/E/G ratio of 3.91 and a beta of 0.57. The business has a 50 day moving average price of $105.60 and a 200-day moving average price of $104.42. Church & Dwight Co., Inc. has a 1 year low of $90.26 and a 1 year high of $113.50.

Church & Dwight (NYSE:CHD - Get Free Report) last released 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. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.74 EPS. On average, research analysts predict that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a $0.2838 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.07%. Church & Dwight's dividend payout ratio (DPR) is currently 50.67%.

Analysts Set New Price Targets

Several research firms recently commented on CHD. 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 report on Tuesday, November 5th. Morgan Stanley lowered Church & Dwight from an "overweight" rating to an "equal weight" rating and set a $110.00 price target for the company. in a research note on Monday, September 9th. Wells Fargo & Company increased their price target on Church & Dwight from $113.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Piper Sandler started coverage on Church & Dwight in a research report on Tuesday, September 24th. They issued an "overweight" rating and a $120.00 price objective for the company. Finally, TD Cowen increased their target price on Church & Dwight from $114.00 to $117.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Church & Dwight presently has an average rating of "Hold" and an average price target of $108.53.

Insider Buying and Selling at Church & Dwight

In other news, CAO Joseph James Longo sold 7,780 shares of Church & Dwight stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 400 shares of the company's stock, valued at approximately $44,976. The trade was a 95.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Maynadier Patrick D. De sold 45,120 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $112.19, for a total value of $5,062,012.80. Following the transaction, the executive vice president now directly owns 10,325 shares in the company, valued at approximately $1,158,361.75. The trade was a 81.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 583,035 shares of company stock valued at $61,221,708 over the last 90 days. 2.00% of the stock is owned by insiders.

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.