Church & Dwight Co., Inc. $CHD Shares Bought by Machina Capital S.A.S.

Machina Capital S.A.S. increased its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 19.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,605 shares of the company’s stock after purchasing an additional 7,959 shares during the period. Machina Capital S.A.S.’s holdings in Church & Dwight were worth $4,580,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Confluence Wealth Services Inc. bought a new position in Church & Dwight in the third quarter valued at approximately $304,000. New York Life Investment Management LLC boosted its holdings in shares of Church & Dwight by 1.3% in the third quarter. New York Life Investment Management LLC now owns 40,973 shares of the company’s stock valued at $3,860,000 after buying an additional 534 shares during the period. AlphaCore Capital LLC boosted its holdings in shares of Church & Dwight by 20.2% in the third quarter. AlphaCore Capital LLC now owns 35,707 shares of the company’s stock valued at $3,364,000 after buying an additional 5,990 shares during the period. Fulcrum Asset Management LLP increased its position in shares of Church & Dwight by 815.8% during the third quarter. Fulcrum Asset Management LLP now owns 348 shares of the company’s stock worth $33,000 after acquiring an additional 310 shares in the last quarter. Finally, Candriam S.C.A. increased its position in shares of Church & Dwight by 7.8% during the third quarter. Candriam S.C.A. now owns 279,262 shares of the company’s stock worth $26,408,000 after acquiring an additional 20,133 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, Director Ravichandra Saligram sold 5,000 shares of Church & Dwight stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $112.69, for a total value of $563,450.00. Following the sale, the director directly owned 3,653 shares in the company, valued at approximately $411,656.57. The trade was a 57.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard A. Dierker sold 83,340 shares of the business’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $109.59, for a total transaction of $9,133,230.60. Following the sale, the chief executive officer directly owned 38,659 shares in the company, valued at $4,236,639.81. This trade represents a 68.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 137,090 shares of company stock valued at $14,811,277 in the last three months. 2.00% of the stock is currently owned by insiders.

Church & Dwight Trading Up 0.2%

NYSE CHD opened at $111.93 on Thursday. The stock has a market capitalization of $26.42 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 3.96 and a beta of 0.45. The stock’s 50 day moving average price is $100.83 and its two-hundred day moving average price is $98.45. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 0.96. Church & Dwight Co., Inc. has a 52 week low of $81.49 and a 52 week high of $114.64.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, October 30th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Church & Dwight had a net margin of 12.41% and a return on equity of 20.28%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the business earned $0.81 EPS. As a group, analysts anticipate that Church & Dwight Co., Inc. will post 3.77 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be given a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, November 13th. Church & Dwight’s payout ratio is currently 37.85%.

Analyst Ratings Changes

A number of brokerages recently commented on CHD. Morgan Stanley raised their price objective on shares of Church & Dwight from $112.00 to $117.00 and gave the stock an “equal weight” rating in a report on Monday, November 2nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $115.00 target price on shares of Church & Dwight in a research note on Monday, August 3rd. Citigroup upped their target price on shares of Church & Dwight from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, November 2nd. JPMorgan Chase & Co. increased their target price on Church & Dwight from $105.00 to $109.00 and gave the stock a “neutral” rating in a report on Monday, November 2nd. Finally, TD Cowen reissued a “hold” rating and issued a $115.00 price target (up from $97.00) on shares of Church & Dwight in a research note on Tuesday, November 3rd. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $108.44.

Church & Dwight Company Profile

Church & Dwight is a consumer products company whose history traces to 1846, when John Dwight and Austin Church began producing baking soda. The company is best known for its ARM & HAMMER brand and sells household, personal care, and specialty products under a portfolio of owned brands. Its products include laundry detergents and cleaners, oral care items, cat litter, deodorants, condoms, pregnancy and ovulation tests, hair-removal products, and water flossers. Brands include OxiClean, Trojan, First Response, Nair, Waterpik, and TheraBreath, alongside ARM & HAMMER.