Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 292,533 shares of the company's stock after selling 18,857 shares during the period. Envestnet Asset Management Inc. owned 0.12% of Church & Dwight worth $30,631,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CHD. Board of the Pension Protection Fund acquired a new position in Church & Dwight in the fourth quarter valued at approximately $639,000. Oddo BHF Asset Management Sas purchased a new position in shares of Church & Dwight during the 3rd quarter worth $5,934,000. American Century Companies Inc. increased its position in shares of Church & Dwight by 0.5% during the 4th quarter. American Century Companies Inc. now owns 1,426,177 shares of the company's stock worth $149,335,000 after purchasing an additional 6,425 shares during the last quarter. Financial Enhancement Group LLC lifted its position in Church & Dwight by 456.2% in the fourth 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 last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Church & Dwight by 19.4% during the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock worth $768,157,000 after buying an additional 1,190,154 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHD has been the topic of several recent analyst reports. Truist Financial upped their price objective 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. Wells Fargo & Company boosted their price target on shares of Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $105.00 target price on shares of Church & Dwight in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating on the stock in a report on Friday, April 11th. Finally, Stifel Nicolaus raised their price objective on shares of Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $112.59.

Insiders Place Their Bets

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of Church & Dwight 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 owns 10,497 shares of the company's stock, valued at $1,217,442.06. The trade was a 83.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Rene Hemsey sold 11,060 shares of the stock in a transaction dated 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 directly owns 6,437 shares in the company, valued at approximately $707,941.26. The trade was a 63.21 % decrease in their ownership of the stock. 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. 1.20% of the stock is owned by company insiders.

Church & Dwight Stock Performance

NYSE:CHD traded up $2.36 during midday trading on Friday, reaching $105.32. The stock had a trading volume of 1,703,949 shares, compared to its average volume of 1,511,580. The stock has a market cap of $25.92 billion, a P/E ratio of 44.44, a P/E/G ratio of 3.32 and a beta of 0.55. 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 12-month low of $96.35 and a 12-month high of $116.46. The firm has a fifty day simple moving average of $107.22 and a two-hundred day simple moving average of $106.07.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting 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 company posted $0.65 earnings per share. On average, equities analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a yield of 1.12%. This is an increase from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's payout ratio 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.