Royal London Asset Management Ltd. Purchases 4,642 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Royal London Asset Management Ltd. raised its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 445,711 shares of the company’s stock after purchasing an additional 4,642 shares during the quarter. Royal London Asset Management Ltd. owned 0.18% of Church & Dwight worth $46,675,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Integrated Wealth Concepts LLC grew its stake in Church & Dwight by 5.7% during the third quarter. Integrated Wealth Concepts LLC now owns 2,250 shares of the company’s stock valued at $236,000 after acquiring an additional 122 shares in the last quarter. Investment Management Corp of Ontario raised its stake in shares of Church & Dwight by 8.4% during the third quarter. Investment Management Corp of Ontario now owns 278,056 shares of the company’s stock valued at $29,118,000 after acquiring an additional 21,500 shares during the last quarter. Holocene Advisors LP purchased a new position in Church & Dwight during the 3rd quarter valued at $104,795,000. Benjamin Edwards Inc. lifted its stake in shares of Church & Dwight by 6,963.8% in the 3rd quarter. Benjamin Edwards Inc. now owns 11,302 shares of the company’s stock valued at $1,183,000 after purchasing an additional 11,142 shares during the period. Finally, Edgestream Partners L.P. boosted its stake in Church & Dwight by 4.4% during the third quarter. Edgestream Partners L.P. now owns 3,306 shares of the company’s stock worth $346,000 after acquiring an additional 140 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Stock Performance

CHD stock opened at $109.16 on Friday. The company has a market cap of $26.74 billion, a P/E ratio of 48.95, a price-to-earnings-growth ratio of 4.02 and a beta of 0.57. The business’s fifty day moving average is $105.42 and its 200-day moving average is $104.44. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a twelve month low of $90.26 and a twelve month high of $113.50.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. Equities research analysts forecast that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a $0.2838 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.04%. Church & Dwight’s payout ratio is 50.67%.

Insider Activity

In other news, CEO Matthew Farrell sold 300,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 112,719 shares of the company’s stock, valued at $11,704,740.96. This trade represents a 72.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Rick Spann sold 39,520 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $112.00, for a total value of $4,426,240.00. Following the sale, the executive vice president now owns 4,973 shares of the company’s stock, valued at approximately $556,976. This represents a 88.82 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 583,033 shares of company stock worth $61,221,493. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on CHD. Barclays dropped their price objective on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 5th. Wells Fargo & Company upped their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a report on Monday, November 4th. Morgan Stanley lowered shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective for the company. in a research note on Monday, September 9th. Finally, TD Cowen raised their price objective on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” 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 given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $108.53.

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.