Thrivent Financial for Lutherans Buys 1,638 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Thrivent Financial for Lutherans increased its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 5.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,266 shares of the company’s stock after acquiring an additional 1,638 shares during the period. Thrivent Financial for Lutherans’ holdings in Church & Dwight were worth $3,170,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors LLC boosted its holdings in shares of Church & Dwight by 2.2% in the 3rd quarter. Natixis Advisors LLC now owns 164,329 shares of the company’s stock worth $17,209,000 after purchasing an additional 3,573 shares in the last quarter. Empowered Funds LLC boosted its stake in Church & Dwight by 2.8% in the third quarter. Empowered Funds LLC now owns 3,651 shares of the company’s stock worth $382,000 after buying an additional 99 shares in the last quarter. Empirical Finance LLC grew its position in Church & Dwight by 2.4% during the third quarter. Empirical Finance LLC now owns 8,435 shares of the company’s stock valued at $883,000 after acquiring an additional 195 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of Church & Dwight by 8.3% during the third quarter. CIBC Asset Management Inc now owns 35,828 shares of the company’s stock worth $3,752,000 after acquiring an additional 2,739 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Church & Dwight by 0.6% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 125,798 shares of the company’s stock worth $13,174,000 after acquiring an additional 724 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Price Performance

Shares of CHD opened at $110.45 on Tuesday. Church & Dwight Co., Inc. has a fifty-two week low of $90.26 and a fifty-two week high of $113.50. The firm’s 50-day simple moving average is $104.27 and its two-hundred day simple moving average is $104.22. The stock has a market cap of $27.06 billion, a PE ratio of 49.53, a price-to-earnings-growth ratio of 4.09 and a beta of 0.55. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 19.90% and a net margin of 9.08%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 EPS. Analysts anticipate that Church & Dwight Co., Inc. will post 3.45 earnings per share 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. Stockholders of record on Friday, November 15th will be given a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, November 15th. Church & Dwight’s dividend payout ratio is presently 50.67%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CHD. Stifel Nicolaus reduced their target price 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. Evercore ISI decreased their price objective on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a report on Monday, August 5th. Truist Financial dropped their target price on Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a report on Monday, August 5th. Barclays decreased their price target on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 5th. Finally, Piper Sandler started coverage on shares of Church & Dwight in a research report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price target for the company. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $108.53.

Insider Buying and Selling

In related news, Director Arthur B. Winkleblack sold 11,590 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $103.84, for a total value of $1,203,505.60. Following the completion of the transaction, the director now directly owns 7,129 shares in the company, valued at $740,275.36. The trade was a 61.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Joseph James Longo sold 7,780 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $112.44, for a total value of $874,783.20. Following the sale, the chief accounting officer now owns 400 shares in the company, valued at approximately $44,976. This represents a 95.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 543,513 shares of company stock worth $56,795,253 in the last quarter. Corporate insiders own 2.00% of the company’s stock.

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.