Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 508,293 shares of the company's stock after selling 14,443 shares during the quarter. HighTower Advisors LLC owned approximately 0.21% of Church & Dwight worth $53,223,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CHD. State Street Corp raised its stake in Church & Dwight by 8.0% during the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company's stock worth $1,373,542,000 after acquiring an additional 969,006 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Church & Dwight by 5.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company's stock worth $839,472,000 after purchasing an additional 429,863 shares during the last quarter. Stifel Financial Corp increased its position in shares of Church & Dwight by 0.5% during the third quarter. Stifel Financial Corp now owns 4,295,527 shares of the company's stock worth $449,830,000 after purchasing an additional 21,607 shares in the last quarter. Amundi increased its position in shares of Church & Dwight by 13.7% during the fourth quarter. Amundi now owns 1,833,603 shares of the company's stock worth $188,073,000 after purchasing an additional 220,829 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Church & Dwight by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,448,584 shares of the company's stock valued at $151,681,000 after purchasing an additional 49,082 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

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Church & Dwight Price Performance

Shares of CHD traded up $0.28 during mid-day trading on Monday, hitting $109.38. The company's stock had a trading volume of 1,616,140 shares, compared to its average volume of 1,616,979. The firm has a 50-day simple moving average of $106.84 and a 200 day simple moving average of $105.71. Church & Dwight Co., Inc. has a 1-year low of $96.35 and a 1-year high of $116.46. The firm has a market capitalization of $26.90 billion, a P/E ratio of 46.15, a P/E/G ratio of 3.32 and a beta of 0.57. 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 released its earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting analysts' consensus estimates 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 prior year, the company earned $0.65 earnings per share. Analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal 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 issued a $0.295 dividend. The ex-dividend date was Friday, February 14th. 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 1.08%. Church & Dwight's dividend payout ratio (DPR) is 49.79%.

Insider Activity

In related news, EVP Maynadier Patrick D. De sold 54,510 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $115.98, for a total value 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 approximately $1,217,442.06. This represents a 83.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction dated 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 of the company's stock, valued at approximately $707,941.26. The trade was a 63.21 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 65,570 shares of company stock worth $7,538,449. Company insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CHD shares. Barclays raised their price target on Church & Dwight from $90.00 to $93.00 and gave the stock an "underweight" rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. cut their target price on shares of Church & Dwight from $107.00 to $106.00 and set an "underweight" rating on the stock in a report on Friday, February 21st. Royal Bank of Canada reiterated a "sector perform" rating and issued a $105.00 price target on shares of Church & Dwight in a research report on Monday, February 3rd. Piper Sandler lowered their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Finally, 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 research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $111.56.

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.