Bank of New York Mellon Corp Has $158.75 Million Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Bank of New York Mellon Corp trimmed its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,516,122 shares of the company's stock after selling 20,118 shares during the period. Bank of New York Mellon Corp owned approximately 0.62% of Church & Dwight worth $158,753,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Amalgamated Bank raised its holdings in shares of Church & Dwight by 0.8% in the 3rd quarter. Amalgamated Bank now owns 50,056 shares of the company's stock worth $5,242,000 after purchasing an additional 394 shares during the period. Board of the Pension Protection Fund acquired a new stake in Church & Dwight during the 4th quarter worth approximately $639,000. Oddo BHF Asset Management Sas purchased a new position in Church & Dwight in the third quarter valued at approximately $5,934,000. Citigroup Inc. lifted its position in Church & Dwight by 9.1% during the third quarter. Citigroup Inc. now owns 337,738 shares of the company's stock valued at $35,368,000 after buying an additional 28,129 shares in the last quarter. Finally, Financial Enhancement Group LLC grew its stake in Church & Dwight by 456.2% during the fourth quarter. Financial Enhancement Group LLC now owns 60,585 shares of the company's stock worth $6,232,000 after buying an additional 49,693 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on CHD shares. Truist Financial upped their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Wells Fargo & Company upped their target price on Church & Dwight from $113.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Piper Sandler dropped their target price on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on Church & Dwight from $107.00 to $106.00 and set an "underweight" rating for the company in a report on Friday, February 21st. Finally, Barclays increased their price objective on shares of Church & Dwight from $90.00 to $93.00 and gave the company an "underweight" rating in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $111.56.

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Church & Dwight Stock Down 0.1 %

Shares of CHD stock traded down $0.16 during trading hours on Tuesday, hitting $111.91. 861,545 shares of the company were exchanged, compared to its average volume of 1,586,632. The stock has a market capitalization of $27.53 billion, a price-to-earnings ratio of 47.19, a P/E/G ratio of 3.32 and a beta of 0.59. Church & Dwight Co., Inc. has a one year low of $96.35 and a one year high of $114.60. The business's 50-day simple moving average is $105.84 and its two-hundred day simple moving average is $105.12. 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 (NYSE:CHD - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.77 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 last year, the firm posted $0.65 earnings per share. Sell-side analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $0.295 per share. This is an increase from Church & Dwight's previous quarterly dividend of $0.28. The ex-dividend date was Friday, February 14th. This represents a $1.18 annualized dividend and a dividend yield of 1.05%. Church & Dwight's payout ratio is 49.79%.

Insider Transactions at Church & Dwight

In related news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $106.11, for a total value of $1,061,100.00. Following the completion of the sale, the director now owns 32,500 shares of the company's stock, valued at $3,448,575. This represents a 23.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael Read acquired 1,100 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the purchase, the executive vice president now directly owns 2,505 shares of the company's stock, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.00% of the company's stock.

Church & Dwight Profile

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.