Church & Dwight Co., Inc. (NYSE:CHD) Stock Position Cut by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 34.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,932 shares of the company's stock after selling 14,924 shares during the period. State of Alaska Department of Revenue's holdings in Church & Dwight were worth $2,924,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. YANKCOM Partnership purchased a new stake in shares of Church & Dwight during the fourth quarter worth about $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Church & Dwight during the third quarter worth about $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Church & Dwight during the third quarter worth about $28,000. Versant Capital Management Inc grew its holdings in shares of Church & Dwight by 224.4% during the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company's stock worth $28,000 after buying an additional 184 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Church & Dwight by 44.8% during the third quarter. Venturi Wealth Management LLC now owns 559 shares of the company's stock worth $59,000 after buying an additional 173 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CHD. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a "buy" rating in a report on Monday, November 4th. TD Cowen lifted 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. Truist Financial lifted their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Piper Sandler lowered their target price on shares of Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $105.00 target price on shares of Church & Dwight in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $111.53.

Church & Dwight Stock Performance

CHD stock traded up $1.63 during trading on Thursday, hitting $107.58. 1,230,231 shares of the company's stock traded hands, compared to its average volume of 1,577,598. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. Church & Dwight Co., Inc. has a 52 week low of $96.09 and a 52 week high of $113.50. The stock has a fifty day moving average price of $105.55 and a two-hundred day moving average price of $104.46. The stock has a market capitalization of $26.36 billion, a price-to-earnings ratio of 45.39, a price-to-earnings-growth ratio of 3.35 and a beta of 0.59.

Church & Dwight (NYSE:CHD - Get Free Report) last released its earnings results on Friday, January 31st. The company reported $0.77 earnings per share 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 quarter last year, the business 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 firm also recently announced 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. This is a positive change from Church & Dwight's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.18 annualized dividend and a yield of 1.10%. Church & Dwight's payout ratio is presently 47.68%.

Insider Buying and Selling at Church & Dwight

In other news, EVP Michael Read purchased 1,100 shares of the stock in a transaction dated Monday, December 16th. The stock was acquired at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the completion of the transaction, the executive vice president now owns 2,505 shares of the company's stock, valued at approximately $267,584.10. The trade was a 78.29 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction, the chief accounting officer now owns 400 shares of the company's stock, valued at $44,976. This represents a 95.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,422 shares of company stock worth $11,424,351 over the last 90 days. Insiders own 2.00% of the company's stock.

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.