Allspring Global Investments Holdings LLC Grows Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Allspring Global Investments Holdings LLC lifted its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 5.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,358,179 shares of the company’s stock after purchasing an additional 175,221 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Church & Dwight were worth $351,668,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CHD. Millennium Management LLC lifted its position in shares of Church & Dwight by 1,617.3% during the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company’s stock valued at $134,043,000 after buying an additional 1,217,568 shares in the last quarter. Marshall Wace LLP lifted its holdings in Church & Dwight by 4,161.5% during the second quarter. Marshall Wace LLP now owns 1,100,410 shares of the company’s stock valued at $114,091,000 after purchasing an additional 1,074,588 shares in the last quarter. Capital Research Global Investors acquired a new stake in shares of Church & Dwight in the first quarter valued at about $69,384,000. Squarepoint Ops LLC increased its stake in shares of Church & Dwight by 2,604.4% during the second quarter. Squarepoint Ops LLC now owns 180,707 shares of the company’s stock worth $18,736,000 after purchasing an additional 174,025 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Church & Dwight by 15.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,168,866 shares of the company’s stock worth $121,191,000 after purchasing an additional 159,233 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wells Fargo & Company decreased their target price 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. TD Cowen began coverage on Church & Dwight in a report on Tuesday, July 23rd. They issued a “buy” rating and a $116.00 price objective on the stock. Evercore ISI lowered their target price on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research note on Monday, August 5th. Morgan Stanley cut shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price for the company. in a research report on Monday, September 9th. 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 on the stock. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $107.50.

Insider Buying and Selling

In related 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 transaction of $5,895,423.36. Following the completion of the transaction, the executive vice president now directly owns 4,319 shares in the company, valued at $429,179.03. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Trading Down 0.6 %

NYSE:CHD traded down $0.61 on Friday, reaching $104.34. The company’s stock had a trading volume of 1,520,125 shares, compared to its average volume of 1,424,679. Church & Dwight Co., Inc. has a 12-month low of $82.25 and a 12-month high of $110.31. The stock has a 50 day moving average price of $102.71 and a 200 day moving average price of $104.04. The firm has a market cap of $25.54 billion, a price-to-earnings ratio of 32.10, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.09. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. Church & Dwight’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. On average, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.43 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a $0.2838 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.09%. Church & Dwight’s dividend payout ratio is currently 34.77%.

Church & Dwight Company 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.