LGT Capital Partners LTD. Sells 184,695 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

LGT Capital Partners LTD. lessened its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 35.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 330,855 shares of the company's stock after selling 184,695 shares during the quarter. Church & Dwight comprises about 1.3% of LGT Capital Partners LTD.'s holdings, making the stock its 27th largest holding. LGT Capital Partners LTD. owned approximately 0.14% of Church & Dwight worth $34,644,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of Church & Dwight by 11.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,961 shares of the company's stock worth $205,000 after purchasing an additional 198 shares during the last quarter. Van ECK Associates Corp boosted its position in Church & Dwight by 11.0% during the 3rd quarter. Van ECK Associates Corp now owns 40,226 shares of the company's stock valued at $4,126,000 after purchasing an additional 3,989 shares during the period. Capital Performance Advisors LLP acquired a new stake in Church & Dwight in the third quarter worth $27,000. Leavell Investment Management Inc. boosted its holdings in shares of Church & Dwight by 23.6% during the third quarter. Leavell Investment Management Inc. now owns 11,800 shares of the company's stock valued at $1,236,000 after acquiring an additional 2,250 shares during the period. Finally, CWA Asset Management Group LLC bought a new position in Church & Dwight in the 3rd quarter worth about $241,000. Hedge funds and other institutional investors own 86.60% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays raised their price target on Church & Dwight from $90.00 to $93.00 and gave the company an "underweight" rating in a report on Tuesday, February 4th. Stifel Nicolaus lifted their target price on Church & Dwight from $103.00 to $105.00 and gave the stock a "hold" rating in a report on Monday, February 3rd. Royal Bank of Canada reissued a "sector perform" rating and issued a $105.00 price target on shares of Church & Dwight in a research note on Monday, February 3rd. Truist Financial boosted their price objective on Church & Dwight from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $111.56.

Insider Buying and Selling

In other news, EVP Michael Read bought 1,100 shares of the business's stock in a transaction on Monday, December 16th. The shares were bought at an average cost of $106.82 per share, for a total transaction of $117,502.00. Following the completion of the acquisition, the executive vice president now owns 2,505 shares in the company, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their position. The acquisition 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 on 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 directly owns 6,437 shares in the company, valued at approximately $707,941.26. This represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,570 shares of company stock valued at $8,599,549 over the last three months. Company insiders own 1.40% of the company's stock.

Church & Dwight Trading Up 0.4 %

Shares of CHD traded up $0.48 during trading hours on Thursday, hitting $109.51. 2,196,851 shares of the stock traded hands, compared to its average volume of 1,631,140. The business has a fifty day moving average of $106.64 and a 200-day moving average of $105.57. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $26.94 billion, a PE ratio of 46.21, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. Church & Dwight Co., Inc. has a 1-year low of $96.35 and a 1-year high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter in the previous year, the business posted $0.65 earnings per share. Analysts expect 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. Stockholders of record on Friday, February 14th were given a $0.295 dividend. This is a positive change from Church & Dwight's previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight's dividend payout ratio (DPR) is currently 49.79%.

Church & Dwight 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.