Oddo BHF Asset Management Sas Takes $5.93 Million Position in Church & Dwight Co., Inc. (NYSE:CHD)

Oddo BHF Asset Management Sas purchased a new stake in Church & Dwight Co., Inc. (NYSE:CHD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 56,669 shares of the company’s stock, valued at approximately $5,934,000.

Several other institutional investors have also bought and sold shares of the stock. State Street Corp boosted its stake in Church & Dwight by 8.0% in the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company’s stock valued at $1,373,542,000 after buying an additional 969,006 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Church & Dwight by 5.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock valued at $839,472,000 after buying an additional 429,863 shares in the last quarter. Stifel Financial Corp boosted its stake in Church & Dwight by 0.5% in the 3rd quarter. Stifel Financial Corp now owns 4,295,527 shares of the company’s stock valued at $449,830,000 after buying an additional 21,607 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Church & Dwight by 5.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock valued at $351,668,000 after buying an additional 175,221 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Church & Dwight by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,399,502 shares of the company’s stock valued at $146,556,000 after buying an additional 16,257 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insider Activity at Church & Dwight

In other news, CEO Matthew Farrell sold 165,823 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.03, for a total value of $17,084,743.69. Following the completion of the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at $11,613,438.57. This trade represents a 59.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Arthur B. Winkleblack sold 11,590 shares of the firm’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 sale, the director now directly owns 7,129 shares of the company’s stock, valued at approximately $740,275.36. The trade was a 61.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 583,035 shares of company stock valued at $61,221,708. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CHD shares. Piper Sandler initiated coverage on Church & Dwight in a research note on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 price target on the stock. 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 research note on Monday, November 4th. TD Cowen boosted their price objective on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Wells Fargo & Company boosted their price objective on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Finally, Morgan Stanley lowered Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target on the stock. in a research note on Monday, September 9th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $108.53.

Church & Dwight Stock Down 0.2 %

Shares of Church & Dwight stock opened at $105.33 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. The company has a market capitalization of $25.81 billion, a P/E ratio of 47.23, a price-to-earnings-growth ratio of 3.86 and a beta of 0.57. The business has a 50-day moving average of $105.68 and a two-hundred day moving average of $104.42. Church & Dwight Co., Inc. has a 1 year low of $90.26 and a 1 year 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, topping the consensus estimate 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 return on equity of 19.90% and a net margin of 9.08%. Church & Dwight’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 earnings per share. As a group, equities analysts predict that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $0.2838 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.08%. Church & Dwight’s dividend payout ratio (DPR) is presently 50.67%.

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.