Federated Hermes Inc. Sells 91,428 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Federated Hermes Inc. cut its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 90.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,156 shares of the company's stock after selling 91,428 shares during the quarter. Federated Hermes Inc.'s holdings in Church & Dwight were worth $959,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CHD. Norges Bank acquired a new stake in shares of Church & Dwight in the fourth quarter valued at about $318,532,000. JPMorgan Chase & Co. increased its position in shares of Church & Dwight by 19.4% during the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock worth $768,157,000 after purchasing an additional 1,190,154 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Church & Dwight during the 4th quarter worth approximately $76,565,000. World Investment Advisors LLC bought a new position in shares of Church & Dwight in the third quarter valued at $58,338,000. Finally, Barclays PLC increased its holdings in Church & Dwight by 63.9% during the third quarter. Barclays PLC now owns 1,106,131 shares of the company's stock worth $115,832,000 after buying an additional 431,257 shares during the last quarter. Institutional investors own 86.60% of the company's stock.

Church & Dwight Price Performance

NYSE CHD traded down $2.20 on Monday, hitting $103.17. 2,038,727 shares of the company's stock were exchanged, compared to its average volume of 1,518,126. 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 of $107.17 and a 200-day moving average of $106.15. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The stock has a market cap of $25.39 billion, a price-to-earnings ratio of 43.53, a P/E/G ratio of 3.32 and a beta of 0.55.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings data 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 return on equity of 20.03% and a net margin of 9.58%. During the same period last year, the firm earned $0.65 EPS. Analysts expect 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. Shareholders of record on Friday, February 14th were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Friday, February 14th. This is a boost from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's payout ratio is presently 49.79%.

Analysts Set New Price Targets

CHD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a research note on Friday, April 11th. UBS Group boosted their price target on Church & Dwight from $109.00 to $110.00 and gave the stock a "neutral" rating in a research report on Thursday. Wells Fargo & Company raised their price objective on Church & Dwight from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. Barclays cut their price target on Church & Dwight from $97.00 to $94.00 and set an "underweight" rating for the company in a report on Friday, April 11th. Finally, Truist Financial increased their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Church & Dwight presently has a consensus rating of "Hold" and an average price target of $112.59.

Insider Transactions at Church & Dwight

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 54,510 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president now directly 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 legal filing with the SEC, which can be accessed through this link. Also, EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the transaction, the executive vice president now owns 6,437 shares in the company, valued at approximately $707,941.26. This trade represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,570 shares of company stock worth $7,538,449. Corporate 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 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.