LGT Capital Partners LTD. Sells 99,260 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

LGT Capital Partners LTD. decreased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 16.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 515,550 shares of the company’s stock after selling 99,260 shares during the period. Church & Dwight comprises about 1.9% of LGT Capital Partners LTD.’s holdings, making the stock its 21st largest holding. LGT Capital Partners LTD. owned about 0.21% of Church & Dwight worth $53,988,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TIAA Trust National Association grew its holdings in Church & Dwight by 8.1% in the first quarter. TIAA Trust National Association now owns 3,542 shares of the company’s stock worth $369,000 after purchasing an additional 265 shares during the period. Edgestream Partners L.P. bought a new position in Church & Dwight during the 1st quarter valued at approximately $1,240,000. O Shaughnessy Asset Management LLC raised its stake in Church & Dwight by 13.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 45,741 shares of the company’s stock valued at $4,771,000 after buying an additional 5,494 shares during the last quarter. UniSuper Management Pty Ltd grew its stake in shares of Church & Dwight by 395.6% in the first quarter. UniSuper Management Pty Ltd now owns 11,968 shares of the company’s stock worth $1,248,000 after acquiring an additional 9,553 shares during the last quarter. Finally, Lake Street Advisors Group LLC increased its holdings in shares of Church & Dwight by 19.6% during the first quarter. Lake Street Advisors Group LLC now owns 2,773 shares of the company’s stock valued at $289,000 after acquiring an additional 455 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In related news, CEO Matthew Farrell sold 165,823 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at approximately $11,613,438.57. The trade was a 59.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arthur B. Winkleblack sold 11,590 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.84, for a total value of $1,203,505.60. Following the completion of the transaction, the director now owns 7,129 shares of the company’s stock, valued at $740,275.36. The trade was a 61.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 490,613 shares of company stock worth $50,858,457 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Church & Dwight Stock Performance

Shares of CHD opened at $110.29 on Tuesday. The business has a 50-day simple moving average of $103.57 and a two-hundred day simple moving average of $104.05. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a 52 week low of $90.26 and a 52 week high of $110.41. The stock has a market cap of $27.02 billion, a price-to-earnings ratio of 49.46, a PEG ratio of 3.99 and a beta of 0.55.

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

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $0.2838 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.03%. Church & Dwight’s dividend payout ratio is presently 50.67%.

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.