Intech Investment Management LLC Raises Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Intech Investment Management LLC raised its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 7.1% during the third quarter, Holdings Channel.com reports. The firm owned 152,888 shares of the company’s stock after purchasing an additional 10,197 shares during the period. Intech Investment Management LLC’s holdings in Church & Dwight were worth $16,010,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Amalgamated Bank increased its position in shares of Church & Dwight by 0.8% during the third quarter. Amalgamated Bank now owns 50,056 shares of the company’s stock valued at $5,242,000 after acquiring an additional 394 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Church & Dwight by 74.6% during the second quarter. Assenagon Asset Management S.A. now owns 67,823 shares of the company’s stock worth $7,032,000 after buying an additional 28,986 shares during the period. Tidal Investments LLC grew its stake in shares of Church & Dwight by 160.1% in the first quarter. Tidal Investments LLC now owns 23,530 shares of the company’s stock valued at $2,454,000 after buying an additional 14,483 shares in the last quarter. Natixis raised its holdings in shares of Church & Dwight by 434.9% in the 1st quarter. Natixis now owns 26,121 shares of the company’s stock valued at $2,725,000 after buying an additional 21,238 shares during the period. Finally, Addenda Capital Inc. grew its position in Church & Dwight by 12.7% in the 2nd quarter. Addenda Capital Inc. now owns 56,723 shares of the company’s stock valued at $5,881,000 after acquiring an additional 6,389 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Price Performance

Shares of NYSE:CHD opened at $111.29 on Thursday. The business has a fifty day simple moving average of $103.83 and a 200-day simple moving average of $104.13. Church & Dwight Co., Inc. has a 52 week low of $90.26 and a 52 week high of $111.75. The company has a market cap of $27.27 billion, a P/E ratio of 49.91, a P/E/G ratio of 4.06 and a beta of 0.55. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.11. The business had revenue of $1.51 billion for 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 company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $0.74 earnings per share. Equities research analysts forecast that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Announces Dividend

The company also recently announced 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 1.02%. The ex-dividend date of this dividend is Friday, November 15th. Church & Dwight’s payout ratio is currently 50.67%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. Evercore ISI decreased their price objective on Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a research note on Monday, August 5th. Morgan Stanley lowered shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price on the stock. in a research note on Monday, September 9th. Finally, Barclays lowered their price objective on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $108.53.

Insider Buying and Selling

In related news, Director Bradley C. Irwin sold 13,200 shares of Church & Dwight stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $107.44, for a total transaction of $1,418,208.00. Following the transaction, the director now owns 37,169 shares in the company, valued at approximately $3,993,437.36. The trade was a 26.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew Farrell sold 300,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $103.84, for a total value of $31,152,000.00. Following the completion of the sale, the chief executive officer now owns 112,719 shares of the company’s stock, valued at approximately $11,704,740.96. This represents a 72.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 490,613 shares of company stock valued at $50,858,457. 2.00% of the stock is currently owned by corporate insiders.

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.