Eastern Bank Makes New Investment in Church & Dwight Co., Inc. (NYSE:CHD)

Eastern Bank bought a new stake in Church & Dwight Co., Inc. (NYSE:CHD) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,663 shares of the company’s stock, valued at approximately $907,000.

Several other hedge funds also recently modified their holdings of CHD. Crewe Advisors LLC bought a new position in Church & Dwight during the 1st quarter valued at $28,000. Rothschild Investment LLC purchased a new stake in shares of Church & Dwight in the second quarter valued at about $31,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Church & Dwight during the second quarter valued at about $33,000. Kimelman & Baird LLC purchased a new position in Church & Dwight during the second quarter worth about $46,000. Finally, Point72 DIFC Ltd bought a new stake in Church & Dwight in the 2nd quarter worth about $50,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Buying and Selling

In other Church & Dwight news, EVP Barry A. Bruno sold 59,328 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 4,319 shares of the company’s stock, valued at $429,179.03. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CHD has been the topic of a number of research analyst reports. Truist Financial cut their target price on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Wells Fargo & Company cut their price objective on Church & Dwight from $116.00 to $108.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. JPMorgan Chase & Co. raised their target price on Church & Dwight from $97.00 to $98.00 and gave the company an “underweight” rating in a research report on Friday, October 11th. Stifel Nicolaus cut their price target on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, August 5th. Finally, Evercore ISI decreased their price objective on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a report on Monday, August 5th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $107.50.

Church & Dwight Stock Down 0.1 %

CHD stock opened at $102.56 on Thursday. The stock has a 50-day simple moving average of $102.87 and a two-hundred day simple moving average of $104.05. Church & Dwight Co., Inc. has a twelve month low of $82.25 and a twelve month high of $110.31. The firm has a market capitalization of $25.08 billion, a PE ratio of 32.56, a PEG ratio of 3.86 and a beta of 0.54. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.84 by $0.09. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the company earned $0.92 earnings per share. Church & Dwight’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities analysts predict that Church & Dwight Co., Inc. will post 3.43 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Thursday, August 15th. Church & Dwight’s dividend payout ratio is 35.87%.

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.