Stifel Financial Corp Raises Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Stifel Financial Corp lifted its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,295,527 shares of the company's stock after purchasing an additional 21,607 shares during the period. Stifel Financial Corp owned 1.75% of Church & Dwight worth $449,830,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CHD. Capital Performance Advisors LLP acquired a new stake in shares of Church & Dwight during the third quarter worth $27,000. Ashton Thomas Securities LLC bought a new stake in Church & Dwight in the 3rd quarter valued at about $28,000. Rothschild Investment LLC bought a new position in shares of Church & Dwight during the second quarter worth approximately $31,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Church & Dwight during the 2nd quarter worth $33,000. Finally, Kimelman & Baird LLC bought a new position in shares of Church & Dwight in the second quarter worth $46,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Stock Down 0.7 %

Shares of Church & Dwight stock traded down $0.73 on Thursday, hitting $109.16. The company had a trading volume of 1,836,044 shares, compared to its average volume of 1,399,733. The stock has a market capitalization of $26.74 billion, a price-to-earnings ratio of 49.28, a P/E/G ratio of 4.02 and a beta of 0.57. 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 1 year low of $90.26 and a 1 year high of $113.50. The stock has a 50 day moving average of $105.30 and a 200-day moving average of $104.41.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating analysts' consensus estimates 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 prior year, the firm posted $0.74 EPS. Church & Dwight's quarterly revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a $0.2838 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.04%. Church & Dwight's dividend payout ratio (DPR) is 50.67%.

Insiders Place Their Bets

In related news, CEO Matthew Farrell sold 165,823 shares of the business's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $103.03, for a total value of $17,084,743.69. Following the sale, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,613,438.57. The trade was a 59.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Joseph James Longo sold 7,780 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $112.44, for a total transaction of $874,783.20. Following the transaction, the chief accounting officer now owns 400 shares of the company's stock, valued at $44,976. This represents a 95.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 583,033 shares of company stock valued at $61,221,493 in the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on CHD. Morgan Stanley cut shares of Church & Dwight from an "overweight" rating to an "equal weight" rating and set a $110.00 target price for the company. in a report on Monday, September 9th. JPMorgan Chase & Co. upped their target price on Church & Dwight from $98.00 to $99.00 and gave the company an "underweight" rating in a report on Monday, November 4th. TD Cowen raised their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Piper Sandler started coverage on shares of Church & Dwight in a research note on Tuesday, September 24th. They issued an "overweight" rating and a $120.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $108.53.

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.