OVERSEA CHINESE BANKING Corp Ltd Acquires 587 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 6.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,536 shares of the company’s stock after purchasing an additional 587 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Church & Dwight were worth $999,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of Church & Dwight in the third quarter worth $27,000. Ashton Thomas Securities LLC bought a new position in Church & Dwight in the 3rd quarter worth about $28,000. Crewe Advisors LLC purchased a new position in Church & Dwight during the 1st quarter valued at about $28,000. Rothschild Investment LLC bought a new stake in shares of Church & Dwight during the second quarter valued at about $31,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Church & Dwight in the second quarter worth about $33,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Church & Dwight Stock Performance

NYSE CHD opened at $107.26 on Thursday. The firm has a market cap of $26.28 billion, a price-to-earnings ratio of 48.10, a PEG ratio of 3.95 and a beta of 0.55. The company has a 50-day simple moving average of $103.34 and a two-hundred day simple moving average of $104.00. 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 12-month low of $90.26 and a 12-month high of $110.31.

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, topping the consensus estimate of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company earned $0.74 EPS. Church & Dwight’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts forecast that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders 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 yield of 1.06%. Church & Dwight’s payout ratio is currently 50.67%.

Insiders Place Their Bets

In other news, Director Arthur B. Winkleblack sold 11,590 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the completion of the transaction, the director now directly owns 7,129 shares of the company’s stock, valued at approximately $740,275.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Arthur B. Winkleblack sold 11,590 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the transaction, the director now directly owns 7,129 shares of the company’s stock, valued at approximately $740,275.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bradley C. Irwin sold 13,200 shares of the firm’s stock in a transaction 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 completion of 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 490,613 shares of company stock valued at $50,858,457 in the last quarter. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on CHD. Stifel Nicolaus reduced their price objective on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, August 5th. Barclays decreased their price target 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. Morgan Stanley cut Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price for the company. in a research report on Monday, September 9th. JPMorgan Chase & Co. raised their price target on Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, eight have assigned 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 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.