Church & Dwight Co., Inc. (NYSE:CHD) Stake Cut by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. cut its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 2.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 139,027 shares of the company's stock after selling 3,059 shares during the period. Church & Dwight accounts for about 1.5% of Folger Nolan Fleming Douglas Capital Management Inc.'s holdings, making the stock its 17th biggest position. Folger Nolan Fleming Douglas Capital Management Inc. owned 0.06% of Church & Dwight worth $14,558,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CHD. State Street Corp increased its stake in Church & Dwight by 8.0% in the third quarter. State Street Corp now owns 13,116,334 shares of the company's stock valued at $1,373,542,000 after purchasing an additional 969,006 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Church & Dwight by 5.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company's stock worth $839,472,000 after acquiring an additional 429,863 shares during the period. Stifel Financial Corp grew its holdings in Church & Dwight by 0.5% during the 3rd quarter. Stifel Financial Corp now owns 4,295,527 shares of the company's stock valued at $449,830,000 after purchasing an additional 21,607 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Church & Dwight by 5.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company's stock worth $351,668,000 after buying an additional 175,221 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Church & Dwight by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,399,502 shares of the company's stock worth $146,556,000 after buying an additional 16,257 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company's stock.

Church & Dwight Stock Performance

CHD traded up $0.15 during trading on Friday, reaching $106.42. 1,712,775 shares of the company were exchanged, compared to its average volume of 1,135,106. Church & Dwight Co., Inc. has a 52 week low of $96.09 and a 52 week high of $113.50. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The firm has a 50 day moving average of $106.86 and a 200 day moving average of $104.05. The stock has a market cap of $26.07 billion, a P/E ratio of 47.72, a PEG ratio of 3.12 and a beta of 0.58.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The company's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 earnings per share. On average, sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.44 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a dividend of $0.2838 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.07%. Church & Dwight's dividend payout ratio is presently 50.67%.

Insider Activity at Church & Dwight

In other news, CEO Matthew Farrell sold 165,823 shares of Church & Dwight stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,613,438.57. This trade represents a 59.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Read acquired 1,100 shares of the business's stock in a transaction dated Monday, December 16th. The stock was purchased at an average price of $106.82 per share, with a total value of $117,502.00. Following the acquisition, the executive vice president now owns 2,505 shares of the company's stock, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 593,035 shares of company stock worth $62,282,808 in the last three months. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CHD shares. Piper Sandler lifted their target price on Church & Dwight from $124.00 to $128.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. Barclays lifted their price objective on Church & Dwight from $85.00 to $90.00 and gave the stock an "underweight" rating in a report on Friday. JPMorgan Chase & Co. increased their target price on Church & Dwight from $99.00 to $107.00 and gave the company an "underweight" rating in a research note on Thursday. Stifel Nicolaus decreased their price target on shares of Church & Dwight from $105.00 to $103.00 and set a "hold" rating for the company in a research report on Friday. Finally, TD Cowen upped their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the company a "buy" rating in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $110.61.

Church & Dwight Company 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, 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.