Bowen Hanes & Co. Inc. cut its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 479,804 shares of the company's stock after selling 9,800 shares during the quarter. Bowen Hanes & Co. Inc. owned approximately 0.20% of Church & Dwight worth $50,240,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of CHD. Avantax Advisory Services Inc. boosted its holdings in shares of Church & Dwight by 5.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 14,500 shares of the company's stock valued at $1,518,000 after buying an additional 798 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Church & Dwight by 39.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,728 shares of the company's stock valued at $286,000 after acquiring an additional 767 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Church & Dwight by 19.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,392 shares of the company's stock valued at $250,000 after acquiring an additional 382 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Church & Dwight by 1.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 11,311 shares of the company's stock valued at $1,184,000 after acquiring an additional 177 shares during the period. Finally, Moors & Cabot Inc. increased its stake in shares of Church & Dwight by 6.9% during the 4th quarter. Moors & Cabot Inc. now owns 3,355 shares of the company's stock worth $351,000 after purchasing an additional 218 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on CHD shares. Stifel Nicolaus raised their target price on shares of Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a research note on Monday, February 3rd. Truist Financial raised their price objective on Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Piper Sandler decreased 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. dropped their price target on Church & Dwight from $107.00 to $106.00 and set an "underweight" rating on the stock in a research note on Friday, February 21st. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $105.00 price objective on shares of Church & Dwight in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Church & Dwight currently has a consensus rating of "Hold" and a consensus target price of $111.56.
Read Our Latest Stock Report on Church & Dwight
Church & Dwight Stock Performance
NYSE CHD traded up $0.28 during trading on Monday, reaching $109.38. The company's stock had a trading volume of 1,616,140 shares, compared to its average volume of 1,383,389. Church & Dwight Co., Inc. has a 12 month low of $96.35 and a 12 month high of $116.46. The firm has a 50 day moving average price of $106.84 and a 200 day moving average price of $105.71. The firm has a market capitalization of $26.90 billion, a price-to-earnings ratio of 46.15, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51.
Church & Dwight (NYSE:CHD - Get Free Report) last issued 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 return on equity of 20.03% and a net margin of 9.58%. During the same period in the previous year, the company earned $0.65 earnings per share. As a group, equities analysts anticipate 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 was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Friday, February 14th. This is an increase from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's payout ratio is 49.79%.
Insider Buying and Selling
In other news, EVP Rene Hemsey sold 11,060 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the completion of the transaction, the executive vice president now owns 6,437 shares of the company's stock, valued at approximately $707,941.26. The trade was a 63.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the completion of the sale, the executive vice president now directly owns 10,497 shares in the company, valued at $1,217,442.06. This trade represents a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,570 shares of company stock valued at $7,538,449 over the last quarter. 2.00% of the stock is owned by company insiders.
About Church & Dwight
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Free Report)
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.
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