Church & Dwight Co., Inc. $CHD Stock Sold by Compass Capital Management Inc.

Compass Capital Management Inc. trimmed its position in Church & Dwight Co., Inc. (NYSE:CHD) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 535,981 shares of the company’s stock after selling 18,533 shares during the period. Church & Dwight comprises 3.2% of Compass Capital Management Inc.’s portfolio, making the stock its 17th biggest holding. Compass Capital Management Inc. owned about 0.23% of Church & Dwight worth $50,500,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Church & Dwight in the 2nd quarter worth approximately $2,174,535,000. Bank of America Corp DE purchased a new position in shares of Church & Dwight in the second quarter worth approximately $223,875,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Church & Dwight by 51.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,050,105 shares of the company’s stock worth $468,902,000 after buying an additional 1,709,090 shares during the last quarter. Legal & General Group Plc bought a new stake in Church & Dwight during the second quarter valued at approximately $153,639,000. Finally, Bank of New York Mellon Corp bought a new stake in Church & Dwight during the second quarter valued at approximately $125,483,000. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Trading Up 1.0%

Church & Dwight stock opened at $112.85 on Friday. The firm has a 50 day moving average of $101.36 and a 200 day moving average of $98.65. The firm has a market capitalization of $26.64 billion, a price-to-earnings ratio of 30.86, a P/E/G ratio of 3.96 and a beta of 0.45. Church & Dwight Co., Inc. has a 12-month low of $81.49 and a 12-month high of $114.64. 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 (NYSE:CHD) last issued its quarterly earnings results on Friday, October 30th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.58 billion. Church & Dwight had a net margin of 12.41% and a return on equity of 20.28%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.81 earnings per share. As a group, research analysts predict that Church & Dwight Co., Inc. will post 3.77 earnings per share for the current year.

Church & Dwight Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid 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 payout ratio is 37.85%.

Insider Activity at Church & Dwight

In related news, EVP Surabhi Pokhriyal sold 21,970 shares of the company’s stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $111.23, for a total value of $2,443,723.10. Following the completion of the transaction, the executive vice president owned 896 shares of the company’s stock, valued at approximately $99,662.08. This represents a 96.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael Read sold 8,700 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $112.29, for a total value of $976,923.00. Following the completion of the sale, the executive vice president owned 1,598 shares of the company’s stock, valued at $179,439.42. The trade was a 84.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 170,650 shares of company stock worth $18,553,080 in the last 90 days. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CHD. Morgan Stanley increased their price target on shares of Church & Dwight from $112.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Monday, November 2nd. Barclays boosted their price objective on shares of Church & Dwight from $83.00 to $89.00 and gave the company an “underweight” rating in a research report on Tuesday, November 3rd. Wall Street Zen upgraded Church & Dwight from a “sell” rating to a “hold” rating in a research note on Saturday, October 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Church & Dwight in a report on Wednesday, October 14th. Finally, Citigroup raised their target price on Church & Dwight from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, November 2nd. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $108.44.

Church & Dwight Company Profile

Church & Dwight is a consumer products company whose history traces to 1846, when John Dwight and Austin Church began producing baking soda. The company is best known for its ARM & HAMMER brand and sells household, personal care, and specialty products under a portfolio of owned brands. Its products include laundry detergents and cleaners, oral care items, cat litter, deodorants, condoms, pregnancy and ovulation tests, hair-removal products, and water flossers. Brands include OxiClean, Trojan, First Response, Nair, Waterpik, and TheraBreath, alongside ARM & HAMMER.