Church & Dwight Co., Inc. (NYSE:CHD) Stake Lowered by LGT Capital Partners LTD.

LGT Capital Partners LTD. lowered its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 16.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 515,550 shares of the company's stock after selling 99,260 shares during the quarter. Church & Dwight accounts for approximately 1.9% of LGT Capital Partners LTD.'s investment portfolio, making the stock its 21st largest position. LGT Capital Partners LTD. owned approximately 0.21% of Church & Dwight worth $53,988,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CHD. Capital International Investors boosted its stake in Church & Dwight by 1.0% during the first quarter. Capital International Investors now owns 9,097,575 shares of the company's stock worth $948,968,000 after buying an additional 92,862 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Church & Dwight by 2.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,586,482 shares of the company's stock worth $786,566,000 after buying an additional 153,127 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Church & Dwight by 5.5% during 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 purchasing an additional 175,221 shares during the period. Millennium Management LLC raised its stake in 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 buying an additional 1,217,568 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Church & Dwight by 15.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,168,866 shares of the company's stock valued at $121,191,000 after purchasing an additional 159,233 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Stock Up 0.5 %

Shares of NYSE:CHD traded up $0.55 during trading on Tuesday, hitting $110.84. 1,027,521 shares of the company were exchanged, compared to its average volume of 1,387,340. The firm's 50 day moving average price is $103.57 and its 200-day moving average price is $104.05. The stock has a market capitalization of $27.16 billion, a P/E ratio of 49.83, a PEG ratio of 3.99 and a beta of 0.55. Church & Dwight Co., Inc. has a 12-month low of $90.26 and a 12-month high of $111.45. 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 announced its earnings results on Friday, November 1st. The company reported $0.79 earnings per share 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 for the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the business posted $0.74 EPS. The company's revenue was up 3.8% on a year-over-year basis. On average, research analysts predict that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

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 issued a dividend of $0.2838 per share. The ex-dividend date is Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.02%. Church & Dwight's dividend payout ratio is presently 50.67%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barclays dropped their price objective on Church & Dwight from $86.00 to $85.00 and set an "underweight" rating on the stock in a research note on Tuesday, November 5th. Piper Sandler assumed coverage on shares of Church & Dwight in a research report on Tuesday, September 24th. They set an "overweight" rating and a $120.00 price objective for the company. TD Cowen boosted their price target on Church & Dwight from $114.00 to $117.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Stifel Nicolaus decreased their target price on Church & Dwight from $107.00 to $105.00 and set a "hold" rating for the company in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $108.53.

Insiders Place Their Bets

In other news, Director Arthur B. Winkleblack sold 11,590 shares of the stock in a transaction dated Monday, November 4th. The shares were 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 in the company, valued at $740,275.36. This represents a 61.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Bradley C. Irwin sold 13,200 shares of Church & Dwight stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $107.44, for a total transaction of $1,418,208.00. Following the sale, the director now owns 37,169 shares in the company, valued at $3,993,437.36. This represents a 26.21 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 490,613 shares of company stock worth $50,858,457. 1.40% of the stock is owned by corporate 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.