Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Sequent Asset Management LLC

Sequent Asset Management LLC reduced its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 69.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,609 shares of the company's stock after selling 10,497 shares during the quarter. Sequent Asset Management LLC's holdings in Church & Dwight were worth $483,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in CHD. Capital Performance Advisors LLP acquired a new stake in Church & Dwight during the 3rd quarter worth $27,000. Crewe Advisors LLC bought a new stake in Church & Dwight during the first quarter worth $28,000. Rothschild Investment LLC acquired a new stake in Church & Dwight in the second quarter valued at $31,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Church & Dwight in the 2nd quarter valued at about $33,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Church & Dwight in the 2nd quarter valued at about $38,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Church & Dwight

In other news, CEO Matthew Farrell sold 300,000 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total transaction of $31,152,000.00. Following the sale, the chief executive officer now owns 112,719 shares of the company's stock, valued at approximately $11,704,740.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Matthew Farrell sold 300,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,704,740.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Arthur B. Winkleblack sold 11,590 shares of the company's stock in a transaction on 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 completion of the transaction, the director now owns 7,129 shares of the company's stock, valued at $740,275.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 477,413 shares of company stock worth $49,440,249. Insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Stifel Nicolaus lowered their target price 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. TD Cowen increased their price target on Church & Dwight from $114.00 to $117.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Truist Financial cut their price target on shares of Church & Dwight from $115.00 to $110.00 and set a "buy" rating on the stock in a report on Monday, August 5th. Finally, Morgan Stanley lowered shares of Church & Dwight from an "overweight" rating to an "equal weight" rating and set a $110.00 price objective on the stock. in a research note on Monday, September 9th. Three investment analysts have rated the stock with a sell rating, nine have assigned 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 $108.05.

Church & Dwight Price Performance

CHD stock traded up $2.54 during mid-day trading on Friday, reaching $106.45. 1,421,550 shares of the company's stock were exchanged, compared to its average volume of 1,386,545. The company has a market cap of $26.08 billion, a price-to-earnings ratio of 47.74, a price-to-earnings-growth ratio of 3.78 and a beta of 0.55. The stock's 50 day moving average is $103.16 and its 200 day moving average is $104.02. 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 Co., Inc. has a 12-month low of $88.46 and a 12-month high of $110.31.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.11. The company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The firm's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 EPS. On average, research analysts expect that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Friday, November 15th. Church & Dwight's dividend payout ratio is presently 50.67%.

About Church & Dwight

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.