Charles Schwab Investment Management Inc. Increases Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Charles Schwab Investment Management Inc. increased its position in Church & Dwight Co., Inc. (NYSE:CHD) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,399,502 shares of the company’s stock after buying an additional 16,257 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.57% of Church & Dwight worth $146,556,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHD. Amalgamated Bank lifted its stake in shares of Church & Dwight by 0.8% in the 3rd quarter. Amalgamated Bank now owns 50,056 shares of the company’s stock valued at $5,242,000 after purchasing an additional 394 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Church & Dwight by 74.6% in the second quarter. Assenagon Asset Management S.A. now owns 67,823 shares of the company’s stock valued at $7,032,000 after buying an additional 28,986 shares during the period. Tidal Investments LLC lifted its position in Church & Dwight by 160.1% during the first quarter. Tidal Investments LLC now owns 23,530 shares of the company’s stock valued at $2,454,000 after buying an additional 14,483 shares in the last quarter. Addenda Capital Inc. grew its stake in Church & Dwight by 12.7% during the second quarter. Addenda Capital Inc. now owns 56,723 shares of the company’s stock worth $5,881,000 after buying an additional 6,389 shares during the period. Finally, Hsbc Holdings PLC increased its position in shares of Church & Dwight by 12.4% in the second quarter. Hsbc Holdings PLC now owns 803,588 shares of the company’s stock worth $83,249,000 after acquiring an additional 88,580 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insider Activity

In other Church & Dwight news, CEO Matthew Farrell sold 165,823 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $103.03, for a total value of $17,084,743.69. Following the completion of the transaction, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,613,438.57. This represents a 59.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Maynadier Patrick D. De sold 45,120 shares of Church & Dwight 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 sale, the executive vice president now directly owns 10,325 shares in the company, 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 ninety days, insiders sold 535,733 shares of company stock valued at $55,920,470. 2.00% of the stock is currently owned by insiders.

Church & Dwight Stock Down 0.3 %

Shares of Church & Dwight stock opened at $111.90 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average price of $104.17 and a 200 day moving average price of $104.20. Church & Dwight Co., Inc. has a fifty-two week low of $90.26 and a fifty-two week high of $113.50. The firm has a market cap of $27.42 billion, a P/E ratio of 50.18, a P/E/G ratio of 4.09 and a beta of 0.55.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.11. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 EPS. On average, sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CHD shares. JPMorgan Chase & Co. lifted their target price on shares of Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a report on Monday, November 4th. Wells Fargo & Company upped their target price on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Piper Sandler initiated coverage on Church & Dwight in a report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 target price on the stock. TD Cowen upped their price target on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Stifel Nicolaus dropped their price objective on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, August 5th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $108.53.

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.