Los Angeles Capital Management LLC Cuts Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Los Angeles Capital Management LLC trimmed its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 54.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,148 shares of the company's stock after selling 97,866 shares during the quarter. Los Angeles Capital Management LLC's holdings in Church & Dwight were worth $8,707,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Texas Yale Capital Corp. raised its stake in shares of Church & Dwight by 1.0% in the first quarter. Texas Yale Capital Corp. now owns 10,600 shares of the company's stock valued at $1,106,000 after purchasing an additional 100 shares in the last quarter. Garner Asset Management Corp raised its stake in shares of Church & Dwight by 5.1% in the first quarter. Garner Asset Management Corp now owns 2,058 shares of the company's stock valued at $215,000 after purchasing an additional 100 shares in the last quarter. Elk River Wealth Management LLC raised its stake in shares of Church & Dwight by 0.3% in the second quarter. Elk River Wealth Management LLC now owns 34,678 shares of the company's stock valued at $3,595,000 after purchasing an additional 114 shares in the last quarter. Gateway Advisory LLC raised its stake in shares of Church & Dwight by 4.4% in the second quarter. Gateway Advisory LLC now owns 2,855 shares of the company's stock valued at $296,000 after purchasing an additional 120 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Church & Dwight by 6.3% in the second quarter. Parkside Financial Bank & Trust now owns 2,139 shares of the company's stock valued at $222,000 after purchasing an additional 127 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Arthur B. Winkleblack sold 11,590 shares of the company's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the completion of the sale, the director now directly owns 7,129 shares in the company, valued at $740,275.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Church & Dwight news, Director Arthur B. Winkleblack sold 11,590 shares of the firm's stock in a transaction that occurred on 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 sale, the director now owns 7,129 shares of the company's stock, valued at approximately $740,275.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew Farrell sold 300,000 shares of Church & Dwight stock in a transaction on 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 sale, the chief executive officer now owns 112,719 shares in the company, valued at $11,704,740.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 477,413 shares of company stock valued at $49,440,249. 2.00% of the stock is owned by insiders.

Church & Dwight Trading Up 0.8 %

CHD traded up $0.90 during midday trading on Tuesday, reaching $108.61. 513,273 shares of the company were exchanged, compared to its average volume of 1,383,425. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. Church & Dwight Co., Inc. has a one year low of $89.05 and a one year high of $110.31. The stock has a market capitalization of $26.61 billion, a P/E ratio of 48.30, a PEG ratio of 3.89 and a beta of 0.55. The stock's 50-day simple moving average is $103.28 and its 200 day simple moving average is $103.99.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the firm earned $0.74 EPS. Church & Dwight's quarterly revenue was up 3.8% compared to the same quarter last year. As a group, analysts forecast that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Friday, November 15th. Church & Dwight's dividend payout ratio is currently 50.67%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CHD. Piper Sandler initiated coverage on Church & Dwight in a research note on Tuesday, September 24th. They issued an "overweight" rating and a $120.00 target price 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 research note on Monday, November 4th. Barclays dropped their price objective on Church & Dwight from $86.00 to $85.00 and set an "underweight" rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price objective on Church & Dwight from $114.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Finally, Stifel Nicolaus dropped their price objective on Church & Dwight from $107.00 to $105.00 and set a "hold" rating for the company in a research note on Monday, August 5th. Three analysts have rated the stock with a sell rating, nine 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 $108.05.

Church & Dwight 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.