XTX Topco Ltd Makes New $451,000 Investment in Church & Dwight Co., Inc. (NYSE:CHD)

XTX Topco Ltd purchased a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the third quarter, HoldingsChannel reports. The institutional investor purchased 4,303 shares of the company’s stock, valued at approximately $451,000.

A number of other large investors also recently made changes to their positions in the business. Zacks Investment Management lifted its stake in shares of Church & Dwight by 5.5% during the 3rd quarter. Zacks Investment Management now owns 147,799 shares of the company’s stock worth $15,478,000 after purchasing an additional 7,679 shares during the period. National Bank of Canada FI lifted its stake in shares of Church & Dwight by 62.1% during the 3rd quarter. National Bank of Canada FI now owns 157,421 shares of the company’s stock worth $16,485,000 after purchasing an additional 60,287 shares during the period. iA Global Asset Management Inc. purchased a new position in shares of Church & Dwight during the 3rd quarter worth $354,000. EP Wealth Advisors LLC lifted its stake in shares of Church & Dwight by 15.1% during the 3rd quarter. EP Wealth Advisors LLC now owns 2,830 shares of the company’s stock worth $296,000 after purchasing an additional 371 shares during the period. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of Church & Dwight in the 3rd quarter worth $920,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CHD. Wells Fargo & Company lifted their target price on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 4th. 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 on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a report on Monday, November 4th. Barclays reduced their target price on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Finally, TD Cowen lifted their target price on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $109.56.

Insider Activity at Church & Dwight

In related news, CAO Joseph James Longo sold 7,780 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $112.44, for a total value of $874,783.20. Following the completion of the sale, the chief accounting officer now directly owns 400 shares of the company’s stock, valued at $44,976. The trade was a 95.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew Farrell sold 165,823 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $103.03, for a total value of $17,084,743.69. Following the transaction, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at $11,613,438.57. This trade represents a 59.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 583,035 shares of company stock valued at $61,221,708 over the last three months. 2.00% of the stock is owned by insiders.

Church & Dwight Stock Up 0.2 %

Shares of NYSE CHD opened at $105.64 on Friday. Church & Dwight Co., Inc. has a 1 year low of $90.26 and a 1 year high of $113.50. The firm has a market cap of $25.88 billion, a price-to-earnings ratio of 47.37, a PEG ratio of 3.86 and a beta of 0.57. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. The stock’s 50-day simple moving average is $105.77 and its 200-day simple moving average is $104.42.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share. As a group, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Friday, November 15th. Church & Dwight’s dividend payout ratio is currently 50.67%.

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.