M&T Bank Corp Sells 5,295 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

M&T Bank Corp cut its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 124,017 shares of the company's stock after selling 5,295 shares during the period. M&T Bank Corp owned 0.05% of Church & Dwight worth $12,987,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. YANKCOM Partnership bought a new position in Church & Dwight in the fourth quarter worth approximately $25,000. Capital Performance Advisors LLP bought a new position in Church & Dwight in the third quarter worth approximately $27,000. Ashton Thomas Securities LLC bought a new position in Church & Dwight in the third quarter worth approximately $28,000. 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 worth $28,000 after acquiring an additional 184 shares during the period. Finally, Bank of Jackson Hole Trust bought a new position in Church & Dwight in the fourth quarter worth approximately $43,000. 86.60% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of Church & Dwight stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $106.11, for a total transaction of $1,061,100.00. Following the completion of the transaction, the director now directly owns 32,500 shares of the company's stock, valued at approximately $3,448,575. The trade was a 23.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Read purchased 1,100 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average cost of $106.82 per share, with a total value of $117,502.00. Following the completion of the purchase, the executive vice president now owns 2,505 shares in the company, valued at $267,584.10. This trade represents a 78.29 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 10,002 shares of company stock valued at $1,061,315 in the last three months. Corporate insiders own 2.00% of the company's stock.

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Church & Dwight Price Performance

CHD traded up $1.59 during trading on Friday, hitting $112.48. 1,696,802 shares of the company traded hands, compared to its average volume of 1,608,850. The company has a market cap of $27.67 billion, a PE ratio of 47.46, a P/E/G ratio of 3.32 and a beta of 0.57. The stock's 50-day simple moving average is $106.23 and its two-hundred day simple moving average is $105.38. Church & Dwight Co., Inc. has a 1 year low of $96.35 and a 1 year high of $114.60. 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 issued its quarterly earnings data on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting analysts' consensus estimates of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same period in the previous year, the company posted $0.65 earnings per share. As a group, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $0.295 dividend. 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 dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight's dividend payout ratio (DPR) is presently 49.79%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CHD shares. JPMorgan Chase & Co. decreased their price target on shares of Church & Dwight from $107.00 to $106.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Royal Bank of Canada restated a "sector perform" rating and set a $105.00 price objective on shares of Church & Dwight in a research report on Monday, February 3rd. Stifel Nicolaus raised their price objective on shares of Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a research report on Monday, February 3rd. Piper Sandler decreased 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 raised their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Two 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's stock. According to data from MarketBeat.com, Church & Dwight currently has an average rating of "Hold" and a consensus 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, 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.