Principal Financial Group Inc. Sells 54,217 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Principal Financial Group Inc. reduced its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 8.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 600,505 shares of the company's stock after selling 54,217 shares during the quarter. Principal Financial Group Inc. owned approximately 0.25% of Church & Dwight worth $62,885,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHD. GSA Capital Partners LLP purchased a new position in shares of Church & Dwight during the 1st quarter valued at $549,000. Envestnet Portfolio Solutions Inc. increased its position in Church & Dwight by 3.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 23,090 shares of the company's stock worth $2,409,000 after purchasing an additional 723 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Church & Dwight during the 1st quarter worth about $247,000. Empowered Funds LLC lifted its holdings in shares of Church & Dwight by 50.4% during the 1st quarter. Empowered Funds LLC now owns 4,461 shares of the company's stock valued at $465,000 after buying an additional 1,494 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Church & Dwight by 77.0% in the 1st quarter. SG Americas Securities LLC now owns 20,467 shares of the company's stock valued at $2,135,000 after buying an additional 8,901 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Piper Sandler began 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 on the stock. Evercore ISI cut their price target on shares of Church & Dwight from $110.00 to $101.00 and set an "in-line" rating on the stock in a report on Monday, August 5th. Wells Fargo & Company upped their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their target price on Church & Dwight from $114.00 to $115.00 and gave the company a "buy" rating in a report on Monday, November 4th. Finally, TD Cowen upped their price target on Church & Dwight from $114.00 to $117.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $108.05.

Insider Buying and Selling at Church & Dwight

In other news, CEO Matthew Farrell sold 300,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $103.84, for a total transaction of $31,152,000.00. Following the transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,704,740.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Matthew Farrell sold 300,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $103.84, for a total value of $31,152,000.00. Following the completion of the sale, the chief executive officer now owns 112,719 shares of the company's stock, valued at $11,704,740.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $1,203,505.60. Following the transaction, the director now directly owns 7,129 shares in the company, valued at approximately $740,275.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 477,413 shares of company stock worth $49,440,249. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Price Performance

Shares of NYSE CHD traded up $2.54 during mid-day trading on Friday, hitting $106.45. 1,421,550 shares of the stock were exchanged, compared to its average volume of 1,545,885. Church & Dwight Co., Inc. has a twelve month low of $88.46 and a twelve month high of $110.31. The stock's fifty day simple moving average is $103.16 and its two-hundred day simple moving average is $104.01. 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 cap of $26.08 billion, a P/E ratio of 47.74, a PEG ratio of 3.89 and a beta of 0.55.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.11. The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business's revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $0.74 EPS. As a group, analysts forecast that Church & Dwight Co., Inc. will post 3.45 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. Shareholders of record on Friday, November 15th will be issued a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Friday, November 15th. Church & Dwight's dividend payout ratio is currently 50.67%.

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.