Hemenway Trust Co LLC Sells 2,548 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Hemenway Trust Co LLC trimmed its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 16.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,283 shares of the company's stock after selling 2,548 shares during the quarter. Hemenway Trust Co LLC's holdings in Church & Dwight were worth $1,391,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Public Sector Pension Investment Board boosted its holdings in Church & Dwight by 12.7% in the third quarter. Public Sector Pension Investment Board now owns 10,648 shares of the company's stock worth $1,115,000 after acquiring an additional 1,200 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Church & Dwight by 2.7% during the third quarter. Rockefeller Capital Management L.P. now owns 23,141 shares of the company's stock worth $2,423,000 after purchasing an additional 602 shares during the period. Edgestream Partners L.P. lifted its holdings in shares of Church & Dwight by 4.4% in the 3rd quarter. Edgestream Partners L.P. now owns 3,306 shares of the company's stock worth $346,000 after purchasing an additional 140 shares in the last quarter. Benjamin Edwards Inc. grew its position in Church & Dwight by 6,963.8% in the 3rd quarter. Benjamin Edwards Inc. now owns 11,302 shares of the company's stock valued at $1,183,000 after purchasing an additional 11,142 shares during the period. Finally, Integrated Wealth Concepts LLC increased its stake in Church & Dwight by 5.7% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 2,250 shares of the company's stock valued at $236,000 after purchasing an additional 122 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

Church & Dwight Stock Performance

Shares of NYSE CHD traded up $1.70 during midday trading on Thursday, hitting $103.61. The company's stock had a trading volume of 1,166,611 shares, compared to its average volume of 1,498,491. The stock has a fifty day moving average price of $107.37 and a 200 day moving average price of $106.05. The firm has a market capitalization of $25.50 billion, a price-to-earnings ratio of 43.60, a P/E/G ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a one year low of $96.35 and a one year high of $116.46. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings results 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 in the previous year, the firm earned $0.65 earnings per share. On average, research analysts forecast 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 issued a $0.295 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.18 annualized dividend and a dividend yield of 1.14%. This is a boost from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's dividend payout ratio is presently 49.79%.

Insiders Place Their Bets

In related news, EVP Maynadier Patrick D. De sold 54,510 shares of the 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 of the company's stock, valued at approximately $1,217,442.06. This trade represents a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rene Hemsey sold 11,060 shares of the company's 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 sale, the executive vice president now owns 6,437 shares of the company's stock, 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. Insiders have sold 65,570 shares of company stock worth $7,538,449 in the last ninety days. 2.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CHD has been the subject of a number of analyst reports. Truist Financial lifted their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Piper Sandler lowered their price objective on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $105.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. 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 note on Wednesday, April 2nd. Finally, Stifel Nicolaus increased their target price 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 analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $112.13.

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 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.