Apollon Wealth Management LLC Sells 231 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Apollon Wealth Management LLC reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,016 shares of the company’s stock after selling 231 shares during the period. Apollon Wealth Management LLC’s holdings in Church & Dwight were worth $316,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CHD. TIAA Trust National Association raised its stake 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 buying an additional 265 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of Church & Dwight during the first quarter valued at approximately $1,240,000. O Shaughnessy Asset Management LLC increased its stake in shares of 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 purchasing an additional 5,494 shares in the last quarter. UniSuper Management Pty Ltd increased its stake in shares of Church & Dwight by 395.6% during the first quarter. UniSuper Management Pty Ltd now owns 11,968 shares of the company’s stock valued at $1,248,000 after purchasing an additional 9,553 shares in the last quarter. Finally, Lake Street Advisors Group LLC increased its stake 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 purchasing an additional 455 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

Insider Transactions at Church & Dwight

In other news, Director Bradley C. Irwin sold 13,200 shares of the business’s stock in a transaction dated 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 in the company, valued at $3,993,437.36. The trade was a 26.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Matthew Farrell sold 300,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total transaction of $31,152,000.00. Following the completion of the sale, the chief executive officer now owns 112,719 shares in the company, valued at approximately $11,704,740.96. This trade represents a 72.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 490,613 shares of company stock worth $50,858,457 in the last three months. Insiders own 2.00% of the company’s stock.

Church & Dwight Stock Performance

Shares of NYSE CHD opened at $109.02 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. The company has a market cap of $26.71 billion, a P/E ratio of 48.89, a P/E/G ratio of 3.99 and a beta of 0.55. The firm’s fifty day moving average is $103.48 and its two-hundred day moving average is $104.02. Church & Dwight Co., Inc. has a 52-week low of $90.26 and a 52-week high of $110.31.

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

Church & Dwight Dividend Announcement

The business 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 $0.2838 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.04%. Church & Dwight’s dividend payout ratio is currently 50.67%.

Wall Street Analysts Forecast Growth

CHD has been the subject of a number of analyst reports. Truist Financial decreased their target price on shares of Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Wells Fargo & Company raised their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Barclays cut 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. TD Cowen increased their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Evercore ISI cut their price target on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a report on Monday, August 5th. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $108.53.

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.