Frank Rimerman Advisors LLC Sells 1,442 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Frank Rimerman Advisors LLC lessened its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 18.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,252 shares of the company’s stock after selling 1,442 shares during the period. Frank Rimerman Advisors LLC’s holdings in Church & Dwight were worth $655,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Capital International Investors grew its position in shares of Church & Dwight by 1.0% in the 1st quarter. Capital International Investors now owns 9,097,575 shares of the company’s stock valued at $948,968,000 after buying an additional 92,862 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Church & Dwight by 2.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,586,482 shares of the company’s stock worth $786,566,000 after acquiring an additional 153,127 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Church & Dwight by 5.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock worth $351,668,000 after acquiring an additional 175,221 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Church & Dwight by 1.8% in the first quarter. ProShare Advisors LLC now owns 1,783,412 shares of the company’s stock worth $186,028,000 after acquiring an additional 31,145 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Church & Dwight by 1,617.3% in the second quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock worth $134,043,000 after acquiring an additional 1,217,568 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Insider Transactions at Church & Dwight

In other news, EVP Barry A. Bruno sold 59,328 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $99.37, for a total value of $5,895,423.36. Following the completion of the transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at $429,179.03. This trade 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 is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.

Church & Dwight Stock Performance

NYSE:CHD opened at $100.84 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.53 and a quick ratio of 0.98. The business has a fifty day simple moving average of $102.94 and a two-hundred day simple moving average of $104.06. Church & Dwight Co., Inc. has a 1 year low of $82.25 and a 1 year high of $110.31. The company has a market capitalization of $24.69 billion, a P/E ratio of 31.03, a P/E/G ratio of 3.72 and a beta of 0.54.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.09. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the business posted $0.92 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts expect that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current year.

Church & Dwight Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Thursday, August 15th. Church & Dwight’s payout ratio is currently 34.77%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CHD. Morgan Stanley lowered Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target on the stock. in a report on Monday, September 9th. Truist Financial cut their price target on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Monday, August 5th. JPMorgan Chase & Co. increased their price objective on Church & Dwight from $97.00 to $98.00 and gave the stock an “underweight” rating in a research note on Friday, October 11th. TD Cowen assumed coverage on Church & Dwight in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 price objective for the company. Finally, Barclays increased their price objective on Church & Dwight from $82.00 to $86.00 and gave the stock an “underweight” rating in a research note on Friday, October 11th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $107.50.

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.