Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. cut its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,887 shares of the company's stock after selling 10,030 shares during the quarter. Mesirow Financial Investment Management Inc.'s holdings in Church & Dwight were worth $8,365,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. YANKCOM Partnership bought a new stake in Church & Dwight during the fourth quarter valued at about $25,000. Capital Performance Advisors LLP bought a new stake in Church & Dwight during the third quarter valued at about $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Church & Dwight in the third quarter worth about $28,000. Versant Capital Management Inc increased its holdings in shares of Church & Dwight by 224.4% in the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company's stock worth $28,000 after purchasing an additional 184 shares during the last quarter. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Church & Dwight in the fourth quarter worth about $43,000. 86.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CHD has been the topic of several research reports. Piper Sandler reduced their target price on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on 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 reaffirmed a "sector perform" rating and issued a $105.00 target price on shares of Church & Dwight in a report on Monday, February 3rd. 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. Finally, Barclays lifted their target price on Church & Dwight from $90.00 to $93.00 and gave the stock an "underweight" rating in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $111.56.

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Insider Activity at Church & Dwight

In other news, EVP Michael Read purchased 1,100 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average price 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 of the company's stock, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $106.11, for a total value of $1,061,100.00. Following the completion of the sale, the director now owns 32,500 shares of the company's stock, valued at $3,448,575. The trade was a 23.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,002 shares of company stock worth $1,061,315. Company insiders own 2.00% of the company's stock.

Church & Dwight Trading Up 1.4 %

Shares of NYSE:CHD traded up $1.59 during trading hours on Friday, hitting $112.48. 1,696,802 shares of the company's stock traded hands, compared to its average volume of 1,608,850. Church & Dwight Co., Inc. has a 1 year low of $96.35 and a 1 year high of $114.60. The business has a fifty day moving average price of $106.23 and a 200-day moving average price of $105.38. The firm has a market capitalization of $27.67 billion, a P/E ratio of 47.46, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its earnings results on Friday, January 31st. The company reported $0.77 earnings per share (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 last year, the firm earned $0.65 earnings per share. Equities analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.295 dividend. This is a positive change from Church & Dwight's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.05%. Church & Dwight's payout ratio is presently 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.