Legal & General Group Plc lowered its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,045,774 shares of the company's stock after selling 405,619 shares during the period. Legal & General Group Plc owned approximately 0.84% of Church & Dwight worth $214,213,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Church & Dwight by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 30,691,064 shares of the company's stock worth $3,213,661,000 after purchasing an additional 193,602 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Church & Dwight by 19.4% during the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock worth $768,157,000 after buying an additional 1,190,154 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Church & Dwight by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company's stock valued at $617,794,000 after buying an additional 148,234 shares during the last quarter. Norges Bank purchased a new position in shares of Church & Dwight during the fourth quarter valued at approximately $318,532,000. Finally, Invesco Ltd. boosted its position in Church & Dwight by 11.4% during the fourth quarter. Invesco Ltd. now owns 2,921,247 shares of the company's stock worth $305,884,000 after acquiring an additional 298,848 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.
Church & Dwight Stock Performance
Shares of CHD traded down $1.03 during mid-day trading on Tuesday, hitting $104.55. The stock had a trading volume of 795,302 shares, compared to its average volume of 1,504,594. The company has a market cap of $25.73 billion, a PE ratio of 44.11, a PEG ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a fifty-two week low of $96.35 and a fifty-two week high of $116.46. The company's fifty day simple moving average is $107.25 and its two-hundred day simple moving average is $106.10. The company has a quick ratio of 1.24, a current ratio of 1.70 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 (EPS) for the quarter, hitting 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 prior year, the business posted $0.65 EPS. On average, equities analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.
Church & Dwight Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.295 per share. The ex-dividend date was Friday, February 14th. This is an increase from Church & Dwight's previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a dividend yield of 1.13%. Church & Dwight's payout ratio is currently 49.79%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on CHD shares. Piper Sandler reduced their price target on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Barclays reduced their target price on Church & Dwight from $97.00 to $94.00 and set an "underweight" rating on the stock in a research report on Friday. Wells Fargo & Company increased their price objective on shares of Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. JPMorgan Chase & Co. lowered their target price on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a report on Friday. Finally, Bank of America raised shares of Church & Dwight from a "neutral" rating to a "buy" rating and increased their price target for the stock from $112.00 to $125.00 in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $112.75.
Get Our Latest Stock Analysis on CHD
Insider Buying and Selling
In related news, EVP Maynadier Patrick D. De sold 54,510 shares of the firm'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 transaction, the executive vice president now owns 10,497 shares in the company, valued at $1,217,442.06. This trade represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rene Hemsey sold 11,060 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now owns 6,437 shares of the company's stock, valued at $707,941.26. This trade represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,570 shares of company stock valued at $7,538,449 in the last three months. 2.00% of the stock is currently owned by corporate insiders.
Church & Dwight Profile
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Free Report)
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.
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