Congress Asset Management Co. Reduces Position in Church & Dwight Co., Inc. (NYSE:CHD)

Congress Asset Management Co. trimmed its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,096,943 shares of the company's stock after selling 19,223 shares during the quarter. Congress Asset Management Co. owned approximately 0.45% of Church & Dwight worth $114,872,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Capital International Investors increased 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 acquiring an additional 92,862 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Church & Dwight by 2.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,586,482 shares of the company's stock worth $786,566,000 after purchasing an additional 153,127 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position 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 in the last quarter. ProShare Advisors LLC boosted its stake in shares of Church & Dwight by 1.8% in the 1st quarter. ProShare Advisors LLC now owns 1,783,412 shares of the company's stock valued at $186,028,000 after purchasing an additional 31,145 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Church & Dwight by 1,617.3% in the second quarter. Millennium Management LLC now owns 1,292,854 shares of the company's stock valued at $134,043,000 after purchasing an additional 1,217,568 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Barry A. Bruno sold 59,328 shares of the business's stock in a transaction on Monday, August 5th. The shares were sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the transaction, the executive vice president now directly owns 4,319 shares of the company's stock, valued at approximately $429,179.03. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.

Church & Dwight Stock Down 0.6 %

Shares of NYSE:CHD traded down $0.61 during trading on Thursday, hitting $99.91. The company's stock had a trading volume of 2,715,483 shares, compared to its average volume of 1,364,998. Church & Dwight Co., Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $110.31. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.98 and a current ratio of 1.53. The business has a 50 day moving average price of $102.90 and a two-hundred day moving average price of $104.03. The company has a market capitalization of $24.46 billion, a PE ratio of 30.93, a P/E/G ratio of 3.72 and a beta of 0.54.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.09. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the prior year, the company posted $0.92 EPS. The business's revenue was up 3.9% on a year-over-year basis. As a group, research analysts expect that Church & Dwight Co., Inc. will post 3.43 EPS 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 $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Friday, November 15th. Church & Dwight's dividend payout ratio (DPR) is currently 34.77%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CHD. Evercore ISI lowered their price objective on Church & Dwight from $110.00 to $101.00 and set an "in-line" rating for the company in a research report on Monday, August 5th. JPMorgan Chase & Co. upped their price target on shares of Church & Dwight from $97.00 to $98.00 and gave the stock an "underweight" rating in a research report on Friday, October 11th. Piper Sandler began coverage on shares of Church & Dwight in a report on Tuesday, September 24th. They issued an "overweight" rating and a $120.00 target price for the company. Wells Fargo & Company cut their price target on Church & Dwight from $116.00 to $108.00 and set an "overweight" rating for the company in a report on Monday, August 5th. Finally, Stifel Nicolaus decreased their price target on Church & Dwight from $107.00 to $105.00 and set a "hold" rating on the stock in a research report on Monday, August 5th. Three equities research 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. Based on data from MarketBeat, Church & Dwight presently has a consensus rating of "Hold" and an average target price of $107.50.

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.