Oppenheimer & Co. Inc. Boosts Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Oppenheimer & Co. Inc. boosted its position in Church & Dwight Co., Inc. (NYSE:CHD) by 0.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,066 shares of the company’s stock after buying an additional 104 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Church & Dwight were worth $3,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Empower Advisory Group LLC bought a new position in shares of Church & Dwight during the 3rd quarter worth $216,000. Geneva Capital Management LLC boosted its position in Church & Dwight by 2.6% during the third quarter. Geneva Capital Management LLC now owns 288,854 shares of the company’s stock worth $30,249,000 after purchasing an additional 7,266 shares during the period. Aptus Capital Advisors LLC purchased a new position in shares of Church & Dwight in the third quarter worth about $228,000. Aigen Investment Management LP purchased a new position in shares of Church & Dwight in the third quarter worth about $222,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in shares of Church & Dwight by 0.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 637,576 shares of the company’s stock valued at $66,767,000 after purchasing an additional 2,744 shares during the period. 86.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CHD has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Stifel Nicolaus reduced their price target on Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, August 5th. Morgan Stanley lowered Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective on the stock. in a research note on Monday, September 9th. TD Cowen raised their target price on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Piper Sandler initiated coverage on Church & Dwight in a research report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price target on the stock. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Church & Dwight has an average rating of “Hold” and an average price target of $108.53.

Church & Dwight Trading Up 1.3 %

NYSE CHD opened at $109.02 on Friday. 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 stock’s 50-day simple moving average is $103.40 and its two-hundred day simple moving average is $104.05. Church & Dwight Co., Inc. has a twelve month low of $90.26 and a twelve month high of $110.31. The company has a market capitalization of $26.71 billion, a price-to-earnings ratio of 48.89, a PEG ratio of 3.95 and a beta of 0.55.

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

Church & Dwight Dividend Announcement

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 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 dividend yield of 1.04%. Church & Dwight’s dividend payout ratio (DPR) is 50.67%.

Insider Activity at Church & Dwight

In other Church & Dwight news, CEO Matthew Farrell sold 165,823 shares of Church & Dwight 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 $11,613,438.57. The trade was a 59.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bradley C. Irwin sold 13,200 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $107.44, for a total value of $1,418,208.00. Following the sale, the director now directly owns 37,169 shares of the company’s stock, valued at approximately $3,993,437.36. This trade represents a 26.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 490,613 shares of company stock valued at $50,858,457. Insiders own 2.00% of the company’s stock.

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.