Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 600,505 shares of the company’s stock after selling 54,217 shares during the period. Principal Financial Group Inc. owned approximately 0.25% of Church & Dwight worth $62,885,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CHD. Deutsche Bank Aktiengesellschaft upped their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. lifted their target price on Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research report on Monday, November 4th. Barclays reduced their price target on Church & Dwight from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Tuesday, November 5th. Morgan Stanley downgraded Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 price objective on the stock. in a report on Monday, September 9th. Finally, Piper Sandler started coverage on Church & Dwight in a research note on Tuesday, September 24th. They set an “overweight” rating and a $120.00 target price for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $109.56.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Michael Read acquired 1,100 shares of the stock in a transaction dated Monday, December 16th. The shares were bought at an average price of $106.82 per share, with a total value of $117,502.00. Following the purchase, the executive vice president now directly owns 2,505 shares of the company’s stock, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Arthur B. Winkleblack sold 11,590 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the sale, the director now directly owns 7,129 shares of the company’s stock, valued at approximately $740,275.36. This represents a 61.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 593,035 shares of company stock valued at $62,282,808. 2.00% of the stock is owned by corporate insiders.

Church & Dwight Trading Up 0.2 %

NYSE:CHD opened at $106.10 on Friday. Church & Dwight Co., Inc. has a 1 year low of $90.69 and a 1 year high of $113.50. The business has a fifty day moving average of $106.33 and a 200-day moving average of $104.41. 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 has a market cap of $25.99 billion, a price-to-earnings ratio of 47.58, a PEG ratio of 3.86 and a beta of 0.57.

Church & Dwight (NYSE:CHD) last released its 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. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. Church & Dwight’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $0.74 EPS. Equities analysts predict that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were given a $0.2838 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.14 dividend on an annualized basis and a yield of 1.07%. Church & Dwight’s dividend payout ratio (DPR) is 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.