Nicolet Advisory Services LLC Acquires 297 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Nicolet Advisory Services LLC raised its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 5.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,310 shares of the company’s stock after buying an additional 297 shares during the quarter. Nicolet Advisory Services LLC’s holdings in Church & Dwight were worth $538,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Church & Dwight in the 3rd quarter worth $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Church & Dwight during the third quarter worth about $28,000. Rothschild Investment LLC bought a new position in shares of Church & Dwight during the second quarter worth about $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Church & Dwight in the 2nd quarter valued at approximately $33,000. Finally, Strategic Financial Concepts LLC bought a new stake in Church & Dwight in the 2nd quarter valued at approximately $38,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Stock Performance

Shares of NYSE CHD opened at $111.90 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 firm has a market cap of $27.42 billion, a price-to-earnings ratio of 50.18, a P/E/G ratio of 4.09 and a beta of 0.55. The stock’s fifty day moving average price is $104.17 and its two-hundred day moving average price is $104.22. Church & Dwight Co., Inc. has a one year low of $90.26 and a one year high of $113.50.

Church & Dwight (NYSE:CHD) last released its quarterly 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 net margin of 9.08% and a return on equity of 19.90%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the company posted $0.74 earnings per share. Church & Dwight’s revenue was up 3.8% compared to the same quarter last year. On average, equities analysts forecast that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Announces Dividend

The firm 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. The ex-dividend date is Friday, November 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.01%. Church & Dwight’s dividend payout ratio is presently 50.67%.

Insider Activity

In other Church & Dwight news, CEO Matthew Farrell sold 300,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $103.84, for a total transaction of $31,152,000.00. Following the sale, the chief executive officer now directly owns 112,719 shares in the company, valued at $11,704,740.96. This represents a 72.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maynadier Patrick D. De sold 45,120 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $112.19, for a total transaction of $5,062,012.80. Following the sale, the executive vice president now directly owns 10,325 shares of the company’s stock, valued at approximately $1,158,361.75. This trade represents a 81.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 535,733 shares of company stock worth $55,920,470. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target 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. Evercore ISI cut their price target 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. Piper Sandler began coverage on Church & Dwight in a report on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 price objective for the company. Morgan Stanley lowered Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price on the stock. in a report on Monday, September 9th. Finally, Truist Financial decreased their price target on Church & Dwight from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $108.53.

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.