Liberty Capital Management Inc. Sells 551 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Liberty Capital Management Inc. lowered its position in Church & Dwight Co., Inc. (NYSE:CHD) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,259 shares of the company’s stock after selling 551 shares during the quarter. Liberty Capital Management Inc.’s holdings in Church & Dwight were worth $4,740,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Crewe Advisors LLC bought a new stake in Church & Dwight during the 1st quarter valued at $28,000. Rothschild Investment LLC acquired a new stake in shares of Church & Dwight in the 2nd quarter worth $31,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Church & Dwight in the 2nd quarter worth $33,000. Strategic Financial Concepts LLC acquired a new stake in shares of Church & Dwight in the 2nd quarter worth $38,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Church & Dwight in the 2nd quarter worth $46,000. Institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CHD. Morgan Stanley cut Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective for the company. in a research report on Monday, September 9th. Truist Financial reduced their target price 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. JPMorgan Chase & Co. raised their target price on Church & Dwight from $97.00 to $98.00 and gave the stock an “underweight” rating in a research note on Friday, October 11th. Evercore ISI reduced their target price 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. Finally, Piper Sandler started coverage on Church & Dwight in a research note on Tuesday, September 24th. They issued an “overweight” rating and a $120.00 target price for the company. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Church & Dwight presently has an average rating of “Hold” and an average target price of $107.50.

Insider Transactions at Church & Dwight

In other news, EVP Barry A. Bruno sold 59,328 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the transaction, the executive vice president now directly owns 4,319 shares in the company, valued at $429,179.03. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Church & Dwight Trading Down 1.2 %

CHD stock opened at $102.69 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. Church & Dwight Co., Inc. has a 12-month low of $82.25 and a 12-month high of $110.31. The stock has a market cap of $25.14 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 3.86 and a beta of 0.54. The business’s 50-day moving average is $102.82 and its 200 day moving average is $104.06.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.09. Church & Dwight had a return on equity of 19.86% and a net margin of 13.38%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the firm posted $0.92 EPS. Church & Dwight’s revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.43 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, August 15th. Church & Dwight’s dividend payout ratio is currently 34.77%.

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.