Raymond James Trust N.A. Cuts Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Raymond James Trust N.A. decreased its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,190 shares of the company’s stock after selling 249 shares during the period. Raymond James Trust N.A.’s holdings in Church & Dwight were worth $648,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CHD. Charles Schwab Investment Management Inc. lifted its position in Church & Dwight by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,399,502 shares of the company’s stock worth $146,556,000 after acquiring an additional 16,257 shares in the last quarter. Banco Santander S.A. purchased a new stake in shares of Church & Dwight during the third quarter valued at approximately $896,000. Pacer Advisors Inc. lifted its position in shares of Church & Dwight by 38.2% during the third quarter. Pacer Advisors Inc. now owns 60,941 shares of the company’s stock worth $6,382,000 after purchasing an additional 16,842 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Church & Dwight by 5.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock valued at $839,472,000 after purchasing an additional 429,863 shares during the period. Finally, Intech Investment Management LLC grew its holdings in Church & Dwight by 7.1% during the 3rd quarter. Intech Investment Management LLC now owns 152,888 shares of the company’s stock valued at $16,010,000 after purchasing an additional 10,197 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Activity at Church & Dwight

In related news, CAO Joseph James Longo sold 7,780 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $112.44, for a total value of $874,783.20. Following the completion of the transaction, the chief accounting officer now owns 400 shares in the company, valued at $44,976. This represents a 95.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $17,084,743.69. Following the sale, the chief executive officer now owns 112,719 shares in the company, valued at $11,613,438.57. This trade represents a 59.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 543,513 shares of company stock worth $56,795,253 in the last three months. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CHD shares. Barclays cut their price objective on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Stifel Nicolaus cut their price target on Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, August 5th. TD Cowen raised their price objective on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Piper Sandler began coverage on Church & Dwight in a research report on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 target price on the stock. Finally, Wells Fargo & Company raised their price target on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $108.53.

Church & Dwight Stock Performance

CHD stock opened at $110.45 on Tuesday. Church & Dwight Co., Inc. has a 1 year low of $90.26 and a 1 year high of $113.50. The stock has a market capitalization of $27.06 billion, a price-to-earnings ratio of 49.53, a PEG ratio of 4.09 and a beta of 0.55. 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 stock’s fifty day moving average is $104.27 and its two-hundred day moving average is $104.22.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The business 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 company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 EPS. On average, research analysts predict that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.2838 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.03%. Church & Dwight’s dividend payout ratio is presently 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.