Pathstone Holdings LLC Lowers Position in Church & Dwight Co., Inc. (NYSE:CHD)

Pathstone Holdings LLC decreased its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 11.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,167 shares of the company’s stock after selling 3,963 shares during the quarter. Pathstone Holdings LLC’s holdings in Church & Dwight were worth $3,264,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Millennium Management LLC grew its stake in Church & Dwight by 1,617.3% in the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock worth $134,043,000 after buying an additional 1,217,568 shares in the last quarter. Marshall Wace LLP grew its position in Church & Dwight by 4,161.5% in the second quarter. Marshall Wace LLP now owns 1,100,410 shares of the company’s stock worth $114,091,000 after acquiring an additional 1,074,588 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Church & Dwight by 394.9% in the third quarter. Assenagon Asset Management S.A. now owns 335,624 shares of the company’s stock valued at $35,147,000 after acquiring an additional 267,801 shares during the last quarter. Allspring Global Investments Holdings LLC raised 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. Finally, Squarepoint Ops LLC lifted its stake in Church & Dwight by 2,604.4% during the second quarter. Squarepoint Ops LLC now owns 180,707 shares of the company’s stock worth $18,736,000 after purchasing an additional 174,025 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Bradley C. Irwin sold 13,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $107.44, for a total value of $1,418,208.00. Following the sale, the director now directly owns 37,169 shares of the company’s stock, valued at $3,993,437.36. The trade was a 26.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maynadier Patrick D. De sold 45,120 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $112.19, for a total value of $5,062,012.80. Following the transaction, the executive vice president now directly owns 10,325 shares of the company’s stock, valued at approximately $1,158,361.75. This trade represents a 81.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 535,733 shares of company stock worth $55,920,470. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Piper Sandler assumed coverage on Church & Dwight in a report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price objective on the stock. Morgan Stanley lowered shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective for the company. in a report on Monday, September 9th. JPMorgan Chase & Co. upped their price objective on shares of Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Evercore ISI decreased their target price on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research report on Monday, August 5th. Finally, TD Cowen upped their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $108.53.

Church & Dwight Stock Down 0.3 %

Shares of NYSE CHD opened at $111.90 on Monday. The firm has a fifty day simple moving average of $104.17 and a two-hundred day simple moving average of $104.20. Church & Dwight Co., Inc. has a 12 month low of $90.26 and a 12 month high of $113.50. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $27.42 billion, a PE ratio of 50.18, a price-to-earnings-growth ratio of 4.09 and a beta of 0.55.

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

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.2838 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.01%. Church & Dwight’s payout ratio is 50.67%.

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.