Church & Dwight Co., Inc. (NYSE:CHD) Shares Acquired by Plato Investment Management Ltd

Plato Investment Management Ltd boosted its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 263.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,127 shares of the company’s stock after buying an additional 817 shares during the quarter. Plato Investment Management Ltd’s holdings in Church & Dwight were worth $118,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Garner Asset Management Corp grew its stake in shares of Church & Dwight by 5.1% in the 1st quarter. Garner Asset Management Corp now owns 2,058 shares of the company’s stock worth $215,000 after purchasing an additional 100 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Church & Dwight by 0.3% during the third quarter. Oppenheimer & Co. Inc. now owns 32,066 shares of the company’s stock worth $3,358,000 after buying an additional 104 shares in the last quarter. Elk River Wealth Management LLC grew its position in Church & Dwight by 0.3% in the second quarter. Elk River Wealth Management LLC now owns 34,678 shares of the company’s stock worth $3,595,000 after buying an additional 114 shares during the last quarter. Gateway Advisory LLC increased its holdings in shares of Church & Dwight by 4.4% in the second quarter. Gateway Advisory LLC now owns 2,855 shares of the company’s stock valued at $296,000 after buying an additional 120 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Church & Dwight by 6.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,139 shares of the company’s stock valued at $222,000 after acquiring an additional 127 shares during the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Church & Dwight

In related news, CEO Matthew Farrell sold 165,823 shares of Church & Dwight stock in a transaction on Monday, November 4th. The shares were sold at an average price of $103.03, for a total value of $17,084,743.69. Following the transaction, the chief executive officer now owns 112,719 shares in the company, valued at $11,613,438.57. This trade represents a 59.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bradley C. Irwin sold 13,200 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $107.44, for a total transaction of $1,418,208.00. Following the transaction, the director now directly owns 37,169 shares of the company’s stock, valued at approximately $3,993,437.36. This represents a 26.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 490,613 shares of company stock valued at $50,858,457. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Truist Financial cut their target price on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company raised their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Stifel Nicolaus dropped their target price on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $108.53.

Church & Dwight Price Performance

Shares of CHD opened at $109.02 on Friday. 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 firm has a market cap of $26.71 billion, a PE ratio of 48.89, a PEG ratio of 3.95 and a beta of 0.55. The firm’s 50 day moving average price is $103.40 and its 200 day moving average price is $104.05. Church & Dwight Co., Inc. has a twelve month low of $90.26 and a twelve month high of $110.31.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results 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 business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. Church & Dwight’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 EPS. As a group, research analysts expect that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, November 15th. Church & Dwight’s dividend payout ratio 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.