Tandem Investment Advisors Inc. Boosts Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

by · The Cerbat Gem

Tandem Investment Advisors Inc. raised its position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 4.3% during the third quarter, Holdings Channel.com reports. The firm owned 495,717 shares of the company’s stock after buying an additional 20,557 shares during the period. Church & Dwight accounts for about 2.0% of Tandem Investment Advisors Inc.’s holdings, making the stock its 25th largest holding. Tandem Investment Advisors Inc.’s holdings in Church & Dwight were worth $51,911,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Crewe Advisors LLC acquired a new position in shares of Church & Dwight during the 1st quarter valued at about $28,000. Rothschild Investment LLC acquired a new position in Church & Dwight in the second quarter valued at $31,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Church & Dwight during the second quarter valued at about $33,000. Strategic Financial Concepts LLC acquired a new stake in shares of Church & Dwight in the second quarter worth $38,000. Finally, Kimelman & Baird LLC acquired a new stake in Church & Dwight in the 2nd quarter valued at $46,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Trading Up 0.7 %

Shares of NYSE CHD opened at $103.91 on Friday. The business has a 50-day moving average price of $103.01 and a two-hundred day moving average price of $104.02. Church & Dwight Co., Inc. has a one year low of $88.37 and a one year high of $110.31. The firm has a market capitalization of $25.46 billion, a PE ratio of 46.60, a PEG ratio of 3.78 and a beta of 0.55. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53.

Church & Dwight (NYSE:CHD – Get Free Report) last issued its earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, analysts predict 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 declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.2838 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.09%. Church & Dwight’s dividend payout ratio (DPR) is 50.67%.

Insiders Place Their Bets

In other news, Director Arthur B. Winkleblack sold 11,590 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 7,129 shares of the company’s stock, valued at approximately $740,275.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Arthur B. Winkleblack sold 11,590 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was 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 in the company, valued at $740,275.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew Farrell sold 300,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $103.84, for a total value of $31,152,000.00. Following the sale, the chief executive officer now owns 112,719 shares in the company, valued at $11,704,740.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 477,413 shares of company stock worth $49,440,249. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Morgan Stanley lowered Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price for the company. in a research note on Monday, September 9th. Truist Financial reduced their price objective on Church & Dwight from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Stifel Nicolaus lowered their target price on shares of Church & Dwight from $107.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, August 5th. TD Cowen raised their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Evercore ISI lowered their price objective on shares of Church & Dwight from $110.00 to $101.00 and set an “in-line” rating for the company in a research report on Monday, August 5th. Three analysts have rated the stock with a sell rating, nine have assigned 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 an average price target of $108.05.

View Our Latest Stock Analysis on Church & Dwight

Church & Dwight Company Profile

(Free Report)

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.

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