Corient Private Wealth LLC Cuts Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Corient Private Wealth LLC trimmed its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 16.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 349,385 shares of the company's stock after selling 71,138 shares during the period. Corient Private Wealth LLC owned about 0.14% of Church & Dwight worth $36,584,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. YANKCOM Partnership purchased a new position in shares of Church & Dwight in the fourth quarter worth $25,000. Versant Capital Management Inc boosted its holdings 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. Strategic Financial Concepts LLC purchased a new stake in shares of Church & Dwight in the 4th quarter worth about $39,000. Bank of Jackson Hole Trust purchased a new position in shares of Church & Dwight during the fourth quarter valued at about $43,000. Finally, Golden State Wealth Management LLC bought a new position in Church & Dwight in the fourth quarter worth about $51,000. 86.60% of the stock is owned by institutional investors.

Insider Activity at Church & Dwight

In other news, EVP Rene Hemsey sold 11,060 shares of the firm's stock in a transaction 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 sale, the executive vice president now directly owns 6,437 shares in the company, valued at $707,941.26. This trade represents a 63.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the completion of the transaction, the executive vice president now directly owns 10,497 shares of the company's stock, valued at $1,217,442.06. This represents a 83.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,570 shares of company stock worth $7,538,449. Corporate insiders own 2.00% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on Church & Dwight from $107.00 to $106.00 and set an "underweight" rating for the company in a research note on Friday, February 21st. Truist Financial increased their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Barclays lifted their price target on shares of Church & Dwight from $90.00 to $93.00 and gave the company an "underweight" rating in a research report on Tuesday, February 4th. Stifel Nicolaus upped their price objective on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a "hold" rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $105.00 target price on shares of Church & Dwight in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $111.56.

Church & Dwight Stock Performance

Shares of CHD traded down $1.03 during mid-day trading on Friday, hitting $107.04. 2,520,942 shares of the company traded hands, compared to its average volume of 1,389,138. The stock has a market cap of $26.33 billion, a price-to-earnings ratio of 45.16, a P/E/G ratio of 3.32 and a beta of 0.57. The stock has a 50-day moving average price of $107.31 and a two-hundred day moving average price of $105.84. Church & Dwight Co., Inc. has a 1 year low of $96.35 and a 1 year high of $116.46. 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 (NYSE:CHD - Get Free Report) last announced its earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, hitting 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 business earned $0.65 EPS. 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 was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.295 dividend. This is a boost from Church & Dwight's previous quarterly dividend of $0.28. This represents a $1.18 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Friday, February 14th. Church & Dwight's dividend payout ratio (DPR) is currently 49.79%.

Church & Dwight Profile

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.