abrdn plc Sells 8,465 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

abrdn plc trimmed its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 318,119 shares of the company's stock after selling 8,465 shares during the quarter. abrdn plc owned approximately 0.13% of Church & Dwight worth $33,212,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Czech National Bank grew its holdings in Church & Dwight by 7.0% during the 3rd quarter. Czech National Bank now owns 49,871 shares of the company's stock worth $5,222,000 after acquiring an additional 3,274 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Church & Dwight by 4.1% in the third quarter. GAMMA Investing LLC now owns 4,890 shares of the company's stock worth $512,000 after purchasing an additional 193 shares during the last quarter. Diversified Trust Co acquired a new stake in Church & Dwight in the third quarter valued at $278,000. Marquette Asset Management LLC bought a new position in Church & Dwight during the 3rd quarter worth $255,000. Finally, Wedmont Private Capital lifted its holdings in Church & Dwight by 9.7% during the 3rd quarter. Wedmont Private Capital now owns 4,514 shares of the company's stock worth $447,000 after buying an additional 401 shares during the period. 86.60% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Michael Read acquired 1,100 shares of the business's stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of $106.82 per share, with a total value of $117,502.00. Following the acquisition, the executive vice president now directly owns 2,505 shares of the company's stock, valued at $267,584.10. The trade was a 78.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Joseph James Longo sold 7,780 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $112.44, for a total transaction of $874,783.20. Following the completion of the sale, the chief accounting officer now owns 400 shares of the company's stock, valued at approximately $44,976. This represents a 95.11 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 115,622 shares of company stock valued at $12,842,559. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

CHD has been the subject of several recent research reports. Stifel Nicolaus increased their price target on Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a research note on Monday, February 3rd. Royal Bank of Canada reissued a "sector perform" rating and set a $105.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. 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 report on Monday, November 4th. Piper Sandler reduced their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Church & Dwight from $99.00 to $107.00 and gave the stock an "underweight" rating in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $111.53.

Church & Dwight Stock Down 0.3 %

Church & Dwight stock traded down $0.35 during mid-day trading on Friday, reaching $105.05. The stock had a trading volume of 855,138 shares, compared to its average volume of 1,640,525. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. Church & Dwight Co., Inc. has a fifty-two week low of $96.09 and a fifty-two week high of $113.50. The stock's 50-day simple moving average is $105.87 and its 200-day simple moving average is $104.36. The firm has a market capitalization of $25.74 billion, a PE ratio of 44.32, a price-to-earnings-growth ratio of 3.35 and a beta of 0.59.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same period in the prior year, the company posted $0.65 earnings per share. On average, sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.295 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a yield of 1.12%. This is an increase from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's payout ratio is 47.68%.

About Church & Dwight

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.