Carderock Capital Management Inc. Sells 2,979 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Carderock Capital Management Inc. decreased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 5.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 54,530 shares of the company’s stock after selling 2,979 shares during the quarter. Carderock Capital Management Inc.’s holdings in Church & Dwight were worth $5,710,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in Church & Dwight by 2.8% during the third quarter. Empowered Funds LLC now owns 3,651 shares of the company’s stock worth $382,000 after purchasing an additional 99 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of Church & Dwight by 0.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,066 shares of the company’s stock valued at $3,358,000 after buying an additional 104 shares in the last quarter. HCR Wealth Advisors boosted its holdings in Church & Dwight by 0.9% in the 4th quarter. HCR Wealth Advisors now owns 11,754 shares of the company’s stock worth $1,231,000 after buying an additional 106 shares during the period. Kingsview Wealth Management LLC grew its stake in Church & Dwight by 3.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 3,373 shares of the company’s stock valued at $353,000 after buying an additional 107 shares in the last quarter. Finally, Citizens Financial Group Inc. RI raised its holdings in Church & Dwight by 2.1% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 5,508 shares of the company’s stock valued at $577,000 after acquiring an additional 113 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Up 0.1 %

Shares of CHD opened at $106.42 on Friday. The firm has a market cap of $26.07 billion, a P/E ratio of 47.72, a P/E/G ratio of 3.12 and a beta of 0.58. Church & Dwight Co., Inc. has a 1 year low of $96.09 and a 1 year high of $113.50. The stock has a 50 day simple moving average of $106.87 and a two-hundred day simple moving average of $104.05. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS. On average, analysts forecast that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Friday, November 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 50.67%.

Insider Activity at Church & Dwight

In other news, CAO Joseph James Longo sold 7,780 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $112.44, for a total transaction of $874,783.20. Following the completion of the sale, the chief accounting officer now directly owns 400 shares in the company, valued at approximately $44,976. This represents a 95.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew Farrell sold 165,823 shares of the business’s stock in a transaction dated 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 approximately $11,613,438.57. This represents a 59.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 593,035 shares of company stock worth $62,282,808 in the last ninety days. 1.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CHD has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price target on Church & Dwight from $99.00 to $107.00 and gave the company an “underweight” rating in a research report on Thursday. Stifel Nicolaus reduced their target price on Church & Dwight from $105.00 to $103.00 and set a “hold” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Barclays upped their target price on shares of Church & Dwight from $85.00 to $90.00 and gave the stock an “underweight” rating in a report on Friday. Finally, Wells Fargo & Company raised their price target 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $110.61.

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.