Church & Dwight Co., Inc. (NYSE:CHD) Stake Lessened by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,332,400 shares of the company's stock after selling 25,779 shares during the period. Church & Dwight accounts for about 0.6% of Allspring Global Investments Holdings LLC's holdings, making the stock its 28th biggest position. Allspring Global Investments Holdings LLC owned about 1.36% of Church & Dwight worth $346,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the stock. YANKCOM Partnership purchased a new stake in Church & Dwight in the 4th quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new stake in Church & Dwight in the 3rd quarter worth approximately $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Church & Dwight during the 3rd quarter valued at $28,000. Versant Capital Management Inc grew its stake in shares of Church & Dwight by 224.4% during the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company's stock valued at $28,000 after buying an additional 184 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Church & Dwight during the 4th quarter valued at $51,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight Stock Down 2.2 %

Shares of Church & Dwight stock traded down $2.41 during trading on Friday, reaching $105.12. The company had a trading volume of 1,723,559 shares, compared to its average volume of 1,640,525. The company has a market cap of $25.75 billion, a price-to-earnings ratio of 44.36, a price-to-earnings-growth ratio of 3.35 and a beta of 0.59. The firm's fifty day moving average is $105.48 and its 200-day moving average is $104.51. 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 $96.35 and a fifty-two week 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 earnings per share (EPS) for the quarter, meeting 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 period last year, the firm posted $0.65 EPS. On average, analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on CHD. Stifel Nicolaus boosted their price objective 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. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Church & Dwight from $114.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Truist Financial boosted their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Barclays boosted their price objective on shares of Church & Dwight from $90.00 to $93.00 and gave the company an "underweight" rating in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $105.00 price target on shares of Church & Dwight in a research report on Monday, February 3rd. 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 company. According to data from MarketBeat.com, Church & Dwight presently has a consensus rating of "Hold" and an average price target of $111.53.

Insider Buying and Selling

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 45,120 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $112.19, for a total value of $5,062,012.80. Following the completion of the transaction, the executive vice president now owns 10,325 shares in the company, valued at approximately $1,158,361.75. This represents a 81.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Joseph James Longo sold 7,780 shares of the company's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $112.44, for a total transaction of $874,783.20. Following the completion of the transaction, the chief accounting officer now owns 400 shares of the company's stock, valued at approximately $44,976. This trade represents a 95.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,422 shares of company stock worth $11,424,351 over the last quarter. 2.00% of the stock is owned by company insiders.

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.