Intech Investment Management LLC Reduces Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Intech Investment Management LLC reduced its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 27.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 111,050 shares of the company's stock after selling 41,838 shares during the quarter. Intech Investment Management LLC's holdings in Church & Dwight were worth $11,628,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CHD. YANKCOM Partnership bought a new stake in shares of Church & Dwight during the 4th quarter worth $25,000. Versant Capital Management Inc raised its position in Church & Dwight by 224.4% in the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company's stock valued at $28,000 after purchasing an additional 184 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in Church & Dwight in the fourth quarter valued at about $39,000. Bank of Jackson Hole Trust bought a new position in Church & Dwight in the fourth quarter valued at about $43,000. Finally, Golden State Wealth Management LLC bought a new position in Church & Dwight in the fourth quarter valued at about $51,000. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Trading Down 1.0 %

CHD stock traded down $1.03 during mid-day trading on Friday, reaching $107.04. The company's stock had a trading volume of 2,520,943 shares, compared to its average volume of 1,389,745. The company has a market cap of $26.33 billion, a price-to-earnings ratio of 45.16, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. The business's 50 day moving average price is $107.42 and its 200 day moving average price is $105.88. 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 Co., Inc. has a 12 month low of $96.35 and a 12 month high of $116.46.

Remove Ads

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings data 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 quarter in the prior year, the business earned $0.65 earnings per share. On average, equities research analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The business also recently declared 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 was Friday, February 14th. This represents a $1.18 annualized dividend and a yield of 1.10%. This is an increase from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's dividend payout ratio is 49.79%.

Insider Buying and Selling

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 54,510 shares of the business's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $115.98, for a total value 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. The trade was a 83.85 % decrease in their ownership of the stock. 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 business's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total value of $1,216,378.80. Following the completion of the transaction, the executive vice president now directly owns 6,437 shares in the company, valued at approximately $707,941.26. This represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,570 shares of company stock worth $7,538,449. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on CHD. Piper Sandler dropped their target price on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on Church & Dwight from $107.00 to $106.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. Royal Bank of Canada reiterated a "sector perform" rating and issued a $105.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. Truist Financial increased their target price on Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Finally, Stifel Nicolaus lifted their price objective on Church & Dwight from $103.00 to $105.00 and gave the stock a "hold" 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 MarketBeat.com, the company has an average rating of "Hold" and an average target price of $111.56.

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.