Atria Investments Inc Lowers Position in Church & Dwight Co., Inc. (NYSE:CHD)

Atria Investments Inc reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 5.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 36,878 shares of the company’s stock after selling 2,300 shares during the period. Atria Investments Inc’s holdings in Church & Dwight were worth $3,862,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new stake in Church & Dwight in the third quarter valued at approximately $27,000. Crewe Advisors LLC purchased a new position in Church & Dwight in the 1st quarter valued at approximately $28,000. Rothschild Investment LLC acquired a new position in shares of Church & Dwight in the second quarter worth $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Church & Dwight during the second quarter worth $33,000. Finally, Kimelman & Baird LLC purchased a new position in Church & Dwight in the second quarter valued at $46,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CHD. Evercore ISI decreased their price objective on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a research note on Monday, August 5th. Truist Financial decreased their price target 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. TD Cowen boosted their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Morgan Stanley lowered shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective on the stock. in a report on Monday, September 9th. Finally, Wells Fargo & Company boosted their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $108.05.

Insider Activity at Church & Dwight

In other news, CEO Matthew Farrell sold 300,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total value of $31,152,000.00. Following the completion of the transaction, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at $11,704,740.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Arthur B. Winkleblack sold 11,590 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 7,129 shares in the company, valued at $740,275.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Matthew Farrell sold 300,000 shares of Church & Dwight stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $103.84, for a total value of $31,152,000.00. Following the completion of the transaction, the chief executive officer now owns 112,719 shares in the company, valued at $11,704,740.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 477,413 shares of company stock valued at $49,440,249. 2.00% of the stock is owned by corporate insiders.

Church & Dwight Stock Performance

Shares of CHD stock opened at $107.99 on Wednesday. The stock has a fifty day moving average price of $103.28 and a 200 day moving average price of $103.99. 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 stock has a market cap of $26.46 billion, a PE ratio of 48.43, a P/E/G ratio of 3.89 and a beta of 0.55. Church & Dwight Co., Inc. has a 1 year low of $89.05 and a 1 year high of $110.31.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the firm earned $0.74 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.45 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 Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.2838 per share. The ex-dividend date is Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.05%. Church & Dwight’s dividend payout ratio (DPR) is 50.67%.

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.