LGT Capital Partners LTD. Decreases Stake in Church & Dwight Co., Inc. (NYSE:CHD)

LGT Capital Partners LTD. lessened its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 16.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 515,550 shares of the company’s stock after selling 99,260 shares during the quarter. Church & Dwight comprises 1.9% of LGT Capital Partners LTD.’s portfolio, making the stock its 21st biggest holding. LGT Capital Partners LTD.’s holdings in Church & Dwight were worth $53,988,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CHD. Capital Performance Advisors LLP purchased a new position in shares of Church & Dwight in the 3rd quarter worth $27,000. Crewe Advisors LLC purchased a new position in Church & Dwight in the first quarter worth about $28,000. Ashton Thomas Securities LLC purchased a new position in Church & Dwight in the third quarter worth about $28,000. Rothschild Investment LLC bought a new stake in Church & Dwight during the second quarter worth approximately $31,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Church & Dwight during the second quarter valued at approximately $33,000. Institutional investors own 86.60% of the company’s stock.

Insider Buying and Selling

In other news, Director Bradley C. Irwin sold 13,200 shares of Church & Dwight stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $107.44, for a total value of $1,418,208.00. Following the transaction, the director now owns 37,169 shares of the company’s stock, valued at $3,993,437.36. The trade was a 26.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew Farrell sold 165,823 shares of the business’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 transaction of $17,084,743.69. Following the transaction, the chief executive officer now owns 112,719 shares of the company’s stock, valued at approximately $11,613,438.57. This trade represents a 59.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 490,613 shares of company stock valued at $50,858,457 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Church & Dwight Price Performance

CHD opened at $110.29 on Tuesday. The company has a market capitalization of $27.02 billion, a price-to-earnings ratio of 49.46, a PEG ratio of 3.99 and a beta of 0.55. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a 12-month low of $90.26 and a 12-month high of $110.41. The business’s fifty day simple moving average is $103.57 and its 200-day simple moving average is $104.05.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates 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 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. On average, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a yield of 1.03%. The ex-dividend date is Friday, November 15th. Church & Dwight’s payout ratio is 50.67%.

Analyst Ratings Changes

A number of brokerages have recently commented on CHD. Piper Sandler began coverage on Church & Dwight in a report on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 target price for the company. JPMorgan Chase & Co. lifted their price objective on shares of Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. Stifel Nicolaus reduced 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 note on Monday, August 5th. Morgan Stanley cut shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price target for the company. in a research note on Monday, September 9th. Finally, Barclays reduced their price objective on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 5th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Church & Dwight currently has an average rating of “Hold” and a consensus target price of $108.53.

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.