Tobam Sells 56,691 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Tobam lowered its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 46.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,673 shares of the company's stock after selling 56,691 shares during the quarter. Church & Dwight accounts for 2.2% of Tobam's portfolio, making the stock its 7th biggest holding. Tobam's holdings in Church & Dwight were worth $6,981,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. YANKCOM Partnership bought a new position in Church & Dwight in the fourth quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Church & Dwight during the third quarter valued at about $27,000. Ashton Thomas Securities LLC purchased a new position in shares of Church & Dwight in the 3rd quarter worth approximately $28,000. Versant Capital Management Inc boosted its stake in Church & Dwight by 224.4% in the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company's stock valued at $28,000 after acquiring an additional 184 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Church & Dwight during the fourth quarter worth $39,000. Institutional investors own 86.60% of the company's stock.

Church & Dwight Price Performance

Shares of CHD stock traded up $0.03 during trading hours on Tuesday, reaching $104.58. The company had a trading volume of 480,956 shares, compared to its average volume of 1,567,407. The stock has a fifty day moving average of $105.73 and a 200-day moving average of $104.42. The company has a market capitalization of $25.62 billion, a price-to-earnings ratio of 44.11, a PEG ratio of 3.35 and a beta of 0.59. 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 12-month low of $96.09 and a 12-month high of $113.50.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting analysts' consensus estimates of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter in the prior year, the firm earned $0.65 EPS. On average, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a $0.295 dividend. 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 1.13%. This is a boost from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's dividend payout ratio is presently 47.68%.

Insiders Place Their Bets

In other Church & Dwight news, CAO Joseph James Longo sold 7,780 shares of the business's 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 sale, the chief accounting officer now directly owns 400 shares in the company, valued at $44,976. This represents a 95.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $106.11, for a total transaction of $1,061,100.00. Following the completion of the transaction, the director now directly owns 32,500 shares of the company's stock, valued at approximately $3,448,575. The trade was a 23.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,422 shares of company stock valued at $11,424,351 over the last 90 days. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CHD has been the topic of several recent analyst reports. Stifel Nicolaus upped their target price on Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a research report on Monday, February 3rd. Wells Fargo & Company increased their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. TD Cowen upped their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the company a "buy" rating in a research note on Monday, November 4th. JPMorgan Chase & Co. upped their target price on Church & Dwight from $99.00 to $107.00 and gave the company an "underweight" rating in a research report on Thursday, January 16th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $105.00 target price 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 eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $111.53.

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.