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

Northeast Investment Management trimmed its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,321 shares of the company's stock after selling 3,166 shares during the period. Northeast Investment Management's holdings in Church & Dwight were worth $7,468,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Holocene Advisors LP bought a new position in Church & Dwight in the third quarter worth about $104,795,000. State Street Corp grew its position in Church & Dwight by 8.0% in the third quarter. State Street Corp now owns 13,116,334 shares of the company's stock worth $1,373,542,000 after buying an additional 969,006 shares during the last quarter. World Investment Advisors LLC acquired a new position in Church & Dwight in the third quarter worth approximately $58,338,000. Barclays PLC boosted its stake in Church & Dwight by 63.9% in the 3rd quarter. Barclays PLC now owns 1,106,131 shares of the company's stock worth $115,832,000 after purchasing an additional 431,257 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Church & Dwight by 5.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company's stock worth $839,472,000 after purchasing an additional 429,863 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CHD shares. Wells Fargo & Company raised their price target on shares of Church & Dwight from $113.00 to $115.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Piper Sandler dropped their price target on shares of Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Stifel Nicolaus upped their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a report on Monday, February 3rd. Royal Bank of Canada restated a "sector perform" rating and set a $105.00 target price on shares of Church & Dwight in a report on Monday, February 3rd. Finally, Truist Financial increased their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Church & Dwight currently has an average rating of "Hold" and a consensus target price of $111.53.

Church & Dwight Stock Up 1.0 %

Shares of CHD traded up $1.10 during trading hours on Wednesday, hitting $105.98. The company had a trading volume of 1,438,186 shares, compared to its average volume of 1,590,007. The firm has a fifty day moving average price of $105.63 and a 200-day moving average price of $104.45. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. The stock has a market capitalization of $25.97 billion, a price-to-earnings ratio of 44.72, a P/E/G ratio of 3.35 and a beta of 0.59. Church & Dwight Co., Inc. has a 52-week low of $96.09 and a 52-week high of $113.50.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 firm posted $0.65 earnings per share. On average, equities research analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's dividend payout ratio is presently 47.68%.

Insider Activity at Church & Dwight

In other Church & Dwight news, CAO Joseph James Longo sold 7,780 shares of Church & Dwight stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $112.44, for a total value of $874,783.20. Following the sale, the chief accounting officer now owns 400 shares in the company, valued at $44,976. The trade was a 95.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rick Spann sold 39,520 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $112.00, for a total value of $4,426,240.00. Following the completion of the sale, the executive vice president now owns 4,973 shares in the company, valued at $556,976. This represents a 88.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,422 shares of company stock worth $11,424,351. Company insiders own 2.00% of the company's stock.

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.