Raymond James & Associates Increases Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Raymond James & Associates boosted its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 318,499 shares of the company’s stock after purchasing an additional 5,528 shares during the period. Raymond James & Associates owned approximately 0.13% of Church & Dwight worth $33,353,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Crewe Advisors LLC bought a new stake in Church & Dwight in the 1st quarter worth approximately $28,000. Rothschild Investment LLC bought a new stake in Church & Dwight in the 2nd quarter worth approximately $31,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Church & Dwight in the 2nd quarter worth approximately $33,000. Kimelman & Baird LLC bought a new stake in Church & Dwight in the 2nd quarter worth approximately $46,000. Finally, Point72 DIFC Ltd bought a new stake in Church & Dwight in the 2nd quarter worth approximately $50,000. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Down 0.1 %

Shares of CHD stock opened at $102.56 on Thursday. The stock has a market cap of $25.08 billion, a P/E ratio of 32.56, a PEG ratio of 3.86 and a beta of 0.54. Church & Dwight Co., Inc. has a 52 week low of $82.25 and a 52 week high of $110.31. The company has a quick ratio of 0.98, a current ratio of 1.53 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $102.87 and its two-hundred day simple moving average is $104.05.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.84 by $0.09. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Church & Dwight had a net margin of 13.38% and a return on equity of 19.86%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 EPS. Analysts predict that Church & Dwight Co., Inc. will post 3.43 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were given a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Thursday, August 15th. Church & Dwight’s dividend payout ratio is 35.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CHD shares. JPMorgan Chase & Co. boosted their price objective on shares of Church & Dwight from $97.00 to $98.00 and gave the company an “underweight” rating in a research report on Friday, October 11th. TD Cowen started coverage on shares of Church & Dwight in a research report on Tuesday, July 23rd. They set a “buy” rating and a $116.00 price objective for the company. Wells Fargo & Company cut their price objective on shares of Church & Dwight from $116.00 to $108.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Piper Sandler started 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 for the company. Finally, Evercore ISI cut 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 equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Church & Dwight currently has an average rating of “Hold” and an average price target of $107.50.

Insider Activity

In other news, EVP Barry A. Bruno sold 59,328 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $99.37, for a total transaction of $5,895,423.36. Following the sale, the executive vice president now directly owns 4,319 shares in the company, valued at approximately $429,179.03. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

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.