Church & Dwight Co., Inc. $CHD Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lowered its position in Church & Dwight Co., Inc. (NYSE:CHD) by 4.6% in the third quarter, HoldingsChannel.com reports. The fund owned 155,789 shares of the company’s stock after selling 7,503 shares during the quarter. Boston Trust Walden Corp’s holdings in Church & Dwight were worth $14,678,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CHD. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Church & Dwight in the 2nd quarter worth approximately $25,000. Clearstead Trust LLC acquired a new stake in Church & Dwight during the 2nd quarter valued at $33,000. Field & Main Bank acquired a new stake in Church & Dwight during the 2nd quarter valued at $34,000. Triumph Capital Management raised its position in Church & Dwight by 516.4% in the 3rd quarter. Triumph Capital Management now owns 376 shares of the company’s stock valued at $35,000 after purchasing an additional 315 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC bought a new position in Church & Dwight in the 1st quarter valued at $38,000. Institutional investors own 86.60% of the company’s stock.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, CEO Richard A. Dierker sold 83,340 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $109.59, for a total value of $9,133,230.60. Following the sale, the chief executive officer owned 38,659 shares in the company, valued at approximately $4,236,639.81. The trade was a 68.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Carlos G. Linares sold 15,375 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $102.00, for a total value of $1,568,250.00. Following the transaction, the executive vice president directly owned 4,668 shares of the company’s stock, valued at approximately $476,136. This trade represents a 76.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 141,390 shares of company stock valued at $15,252,844 in the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight News Roundup

Here are the key news stories impacting Church & Dwight this week:

• Positive Sentiment: Wells Fargo reiterated its “overweight” rating and raised its target to $115; Morgan Stanley lifted its target to $117, and reports also cite favorable calls from JPMorgan and Citigroup. The analyst optimism follows Church & Dwight’s recent quarterly earnings and revenue beat. Wells Fargo rating
• Neutral Sentiment: Analyst opinion is not uniformly bullish: Morgan Stanley’s higher target came with an “equal weight” rating, and Barclays maintained a “sell” rating. This disagreement tempers the positive target revisions. Barclays rating
• Negative Sentiment: Several company insiders reported selling shares, led by CEO Richard Dierker, who sold 83,340 shares (about $9.1 million), reducing his holdings by 68.31%. EVP Michael Read sold 8,700 shares, and Director Ravichandra Saligram sold 5,000; director Bradley Irwin also recently sold 4,300. The filings do not specify why the shares were sold, but the transactions may create a near-term sentiment headwind. CEO filing EVP filing Director filing

Analyst Ratings Changes

A number of research firms have commented on CHD. Jefferies Financial Group reissued a “buy” rating and issued a $115.00 price objective on shares of Church & Dwight in a research note on Monday, August 3rd. Oppenheimer upped their price objective on Church & Dwight from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 28th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $115.00 target price (up from $105.00) on shares of Church & Dwight in a research note on Monday. Barclays lifted their price objective on Church & Dwight from $83.00 to $89.00 and gave the stock an “underweight” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on shares of Church & Dwight from $105.00 to $109.00 and gave the company a “neutral” rating in a research note on Monday. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Church & Dwight has an average rating of “Hold” and an average target price of $108.44.

Church & Dwight Price Performance

Shares of NYSE CHD opened at $111.46 on Friday. The firm has a market cap of $26.31 billion, a PE ratio of 34.30, a PEG ratio of 3.96 and a beta of 0.45. The company has a current ratio of 0.96, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40. Church & Dwight Co., Inc. has a 1-year low of $81.49 and a 1-year high of $114.64. The company has a fifty day moving average price of $100.00 and a 200 day moving average price of $98.08.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, October 30th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. Church & Dwight had a return on equity of 20.28% and a net margin of 12.41%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the business posted $0.81 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Research analysts predict that Church & Dwight Co., Inc. will post 3.77 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be issued a dividend of $0.3075 per share. The ex-dividend date is Friday, November 13th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.1%. Church & Dwight’s dividend payout ratio (DPR) is presently 37.85%.

Church & Dwight Profile

Church & Dwight Co, Inc is a consumer packaged goods company that develops, manufactures and markets household, personal care and specialty products. Its portfolio is anchored by the ARM & HAMMER brand, which is used across products such as baking soda, laundry detergent, cat litter, household cleaners, oral care products and personal care items.

The company also markets a broad range of branded products, including OxiClean laundry and cleaning products, Trojan sexual wellness products, Waterpik oral health devices, First Response pregnancy and fertility tests, Nair hair-removal products, Orajel oral pain relief, TheraBreath oral care products, and vitamins and supplements sold under the Vitafusion and L’il Critters brands.