Congress Wealth Management LLC DE Sells 3,401 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Congress Wealth Management LLC DE reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 130,169 shares of the company's stock after selling 3,401 shares during the period. Congress Wealth Management LLC DE owned approximately 0.05% of Church & Dwight worth $13,630,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Board of the Pension Protection Fund bought a new stake in shares of Church & Dwight during the 4th quarter valued at $639,000. Oddo BHF Asset Management Sas bought a new stake in Church & Dwight during the third quarter worth about $5,934,000. Citigroup Inc. grew its stake in Church & Dwight by 9.1% during the third quarter. Citigroup Inc. now owns 337,738 shares of the company's stock worth $35,368,000 after buying an additional 28,129 shares in the last quarter. American Century Companies Inc. grew its stake in Church & Dwight by 0.5% during the fourth quarter. American Century Companies Inc. now owns 1,426,177 shares of the company's stock worth $149,335,000 after buying an additional 6,425 shares in the last quarter. Finally, Financial Enhancement Group LLC increased its holdings in Church & Dwight by 456.2% in the 4th quarter. Financial Enhancement Group LLC now owns 60,585 shares of the company's stock valued at $6,232,000 after buying an additional 49,693 shares during the period. Institutional investors and hedge funds own 86.60% of the company's stock.

Insider Activity

In other news, EVP Rene Hemsey sold 11,060 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the completion of the sale, the executive vice president now owns 6,437 shares of the company's stock, valued at $707,941.26. This trade represents a 63.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the transaction, the executive vice president now owns 10,497 shares in the company, valued at $1,217,442.06. The trade was a 83.85 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,570 shares of company stock valued at $7,538,449. 2.00% of the stock is currently owned by insiders.

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Analyst Upgrades and Downgrades

CHD has been the topic of several analyst reports. Stifel Nicolaus increased their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a "hold" rating in a research report on Monday, February 3rd. Piper Sandler reduced 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. lowered 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. Barclays raised their price objective on Church & Dwight from $93.00 to $97.00 and gave the company an "underweight" rating in a research note on Thursday. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $105.00 target price on shares of Church & Dwight in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $111.81.

Church & Dwight Trading Up 0.7 %

Shares of Church & Dwight stock traded up $0.75 during trading on Friday, hitting $109.14. The company's stock had a trading volume of 1,138,352 shares, compared to its average volume of 1,462,618. The stock has a market cap of $26.86 billion, a price-to-earnings ratio of 46.05, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. Church & Dwight Co., Inc. has a 52 week low of $96.35 and a 52 week high of $116.46. The stock has a 50-day moving average price of $107.65 and a two-hundred day moving average price of $105.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting analysts' consensus estimates of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same period last year, the firm posted $0.65 EPS. Equities research analysts anticipate 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 given a $0.295 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.08%. This is an increase from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's payout ratio is 49.79%.

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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.