Peapack Gladstone Financial Corp Grows Position in Church & Dwight Co., Inc. (NYSE:CHD)

Peapack Gladstone Financial Corp boosted its position in Church & Dwight Co., Inc. (NYSE:CHD) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,783 shares of the company’s stock after acquiring an additional 488 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Church & Dwight were worth $7,307,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Church & Dwight in the 3rd quarter valued at $27,000. Ashton Thomas Securities LLC acquired a new stake in Church & Dwight in the third quarter valued at $28,000. Rothschild Investment LLC acquired a new stake in Church & Dwight in the second quarter valued at $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Church & Dwight during the 2nd quarter worth about $33,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Church & Dwight during the 2nd quarter worth about $38,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Trading Up 0.2 %

Shares of CHD stock opened at $105.61 on Friday. The company has a market capitalization of $25.87 billion, a P/E ratio of 47.36, a price-to-earnings-growth ratio of 3.85 and a beta of 0.57. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $105.77 and its two-hundred day moving average is $104.42. Church & Dwight Co., Inc. has a twelve month low of $90.26 and a twelve month high of $113.50.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. Church & Dwight’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $0.74 EPS. Equities analysts forecast that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a dividend of $0.2838 per share. The ex-dividend date was Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.07%. Church & Dwight’s dividend payout ratio is currently 50.67%.

Wall Street Analyst Weigh In

CHD has been the topic of several research analyst reports. Barclays cut their target price on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 5th. TD Cowen raised their price objective 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. Wells Fargo & Company upped their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Piper Sandler started coverage on shares of Church & Dwight in a research note on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $109.56.

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 45,120 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $112.19, for a total value of $5,062,012.80. Following the completion of the transaction, the executive vice president now owns 10,325 shares in the company, valued at approximately $1,158,361.75. This represents a 81.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Joseph James Longo sold 7,780 shares of the firm’s 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 completion of the sale, the chief accounting officer now directly owns 400 shares of the company’s stock, valued at approximately $44,976. This trade represents a 95.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 583,035 shares of company stock worth $61,221,708 over the last 90 days. Company insiders own 2.00% of the company’s stock.

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.