BNP PARIBAS ASSET MANAGEMENT Holding S.A. Cuts Stake in Church & Dwight Co., Inc. (NYSE:CHD)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 0.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 260,775 shares of the company’s stock after selling 414 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.11% of Church & Dwight worth $27,308,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of Church & Dwight in the 3rd quarter worth $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Church & Dwight in the 3rd quarter valued at about $28,000. Rothschild Investment LLC purchased a new stake in shares of Church & Dwight during the 2nd quarter worth about $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Church & Dwight during the 2nd quarter worth about $33,000. Finally, Kimelman & Baird LLC purchased a new position in Church & Dwight in the second quarter valued at approximately $46,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Stock Performance

Shares of CHD opened at $111.90 on Friday. The firm has a fifty day moving average of $104.17 and a 200-day moving average of $104.24. The company has a market cap of $27.42 billion, a price-to-earnings ratio of 50.18, a price-to-earnings-growth ratio of 4.06 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 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 earnings results 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. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the business posted $0.74 EPS. Church & Dwight’s revenue was up 3.8% on a year-over-year basis. As a group, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, November 15th. Church & Dwight’s dividend payout ratio is currently 50.67%.

Wall Street Analyst Weigh In

CHD has been the topic of several recent research reports. TD Cowen lifted their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a report on Monday, November 4th. Morgan Stanley downgraded Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price for the company. in a research report on Monday, September 9th. Stifel Nicolaus dropped their target price on Church & Dwight from $107.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, August 5th. Evercore ISI reduced their price target on 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $108.53.

Insider Buying and Selling at Church & Dwight

In related news, CEO Matthew Farrell sold 165,823 shares of Church & Dwight stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the sale, the chief executive officer now directly owns 112,719 shares in the company, valued at $11,613,438.57. The trade was a 59.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bradley C. Irwin sold 13,200 shares of the stock in a transaction dated 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 completion of the transaction, the director now owns 37,169 shares of the company’s stock, valued at $3,993,437.36. This represents a 26.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 535,733 shares of company stock valued at $55,920,470 in the last quarter. Corporate insiders own 2.00% of the company’s stock.

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.