Spinnaker Trust Buys 108 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Spinnaker Trust boosted its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 0.2% in the 3rd quarter, Holdings Channel reports. The firm owned 47,963 shares of the company’s stock after acquiring an additional 108 shares during the quarter. Spinnaker Trust’s holdings in Church & Dwight were worth $5,023,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Crewe Advisors LLC purchased a new position in Church & Dwight in the 1st quarter worth approximately $28,000. Rothschild Investment LLC bought a new stake in shares of Church & Dwight in the 2nd quarter valued at about $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Church & Dwight during the 2nd quarter valued at about $33,000. Strategic Financial Concepts LLC purchased a new position in Church & Dwight in the 2nd quarter worth approximately $38,000. Finally, Kimelman & Baird LLC bought a new stake in Church & Dwight in the second quarter valued at approximately $46,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHD has been the topic of several recent analyst reports. Barclays cut their target price on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday. Evercore ISI decreased their price objective on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating on the stock in a research report on Monday, August 5th. Wells Fargo & Company increased 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. TD Cowen boosted their price target on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Monday. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $108.05.

Church & Dwight Stock Up 1.1 %

Shares of CHD traded up $1.19 during trading hours on Wednesday, hitting $105.33. The company had a trading volume of 734,393 shares, compared to its average volume of 1,375,366. Church & Dwight Co., Inc. has a 52-week low of $86.41 and a 52-week high of $110.31. The firm has a fifty day moving average price of $102.98 and a 200-day moving average price of $104.03. The stock has a market capitalization of $25.81 billion, a price-to-earnings ratio of 46.70, a P/E/G ratio of 3.78 and a beta of 0.55. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the business posted $0.74 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts forecast that Church & Dwight Co., Inc. will post 3.45 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Friday, November 15th. Church & Dwight’s dividend payout ratio (DPR) is presently 50.67%.

Insider Buying and Selling

In other Church & Dwight news, Director Arthur B. Winkleblack sold 11,590 shares of the 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 transaction, the director now directly owns 7,129 shares in the company, valued at approximately $740,275.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Church & Dwight 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 completion of the transaction, 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 0.00 % decrease in their position. The sale 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 company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the sale, the director now owns 7,129 shares in the company, valued at $740,275.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

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.