Orion Portfolio Solutions LLC Reduces Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Orion Portfolio Solutions LLC decreased its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 5.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,733 shares of the company’s stock after selling 711 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Church & Dwight were worth $1,229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CHD. Capital Performance Advisors LLP purchased a new position in shares of Church & Dwight in the third quarter worth approximately $27,000. Ashton Thomas Securities LLC bought a new stake in Church & Dwight during the 3rd quarter worth approximately $28,000. Rothschild Investment LLC bought a new stake in Church & Dwight during the 2nd quarter worth approximately $31,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Church & Dwight during the 2nd quarter worth approximately $33,000. Finally, Strategic Financial Concepts LLC bought a new stake in Church & Dwight during the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CHD. Morgan Stanley cut shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price on the stock. in a research note on Monday, September 9th. JPMorgan Chase & Co. raised their target price on shares of Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Piper Sandler assumed coverage on shares of Church & Dwight in a research report on Tuesday, September 24th. They set an “overweight” rating and a $120.00 price objective on the stock. Finally, Barclays reduced their price objective on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $109.56.

Church & Dwight Trading Up 0.2 %

CHD stock opened at $105.64 on Friday. The firm has a fifty day moving average price of $105.77 and a 200 day moving average price of $104.42. Church & Dwight Co., Inc. has a fifty-two week low of $90.26 and a fifty-two week high of $113.50. 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 firm has a market cap of $25.88 billion, a PE ratio of 47.37, a price-to-earnings-growth ratio of 3.86 and a beta of 0.57.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 earnings per share. Sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Friday, November 15th. Church & Dwight’s dividend payout ratio is currently 50.67%.

Insider Activity

In related news, CEO Matthew Farrell sold 165,823 shares of Church & Dwight stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $103.03, for a total value of $17,084,743.69. Following the completion of the sale, the chief executive officer now directly owns 112,719 shares in the company, valued at $11,613,438.57. The trade was a 59.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Rick Spann sold 39,520 shares of Church & Dwight stock in a transaction dated 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 completion of the sale, the executive vice president now owns 4,973 shares of the company’s stock, valued at $556,976. The trade was a 88.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 583,035 shares of company stock valued at $61,221,708. 2.00% of the stock is currently owned by company insiders.

About Church & Dwight

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.