Ossiam Reduces Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Ossiam reduced its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 12.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,684 shares of the company's stock after selling 6,506 shares during the quarter. Ossiam's holdings in Church & Dwight were worth $4,679,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Lake Street Advisors Group LLC lifted its stake in Church & Dwight by 3.7% in the fourth quarter. Lake Street Advisors Group LLC now owns 2,692 shares of the company's stock valued at $282,000 after acquiring an additional 97 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Church & Dwight by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,005 shares of the company's stock worth $2,199,000 after acquiring an additional 103 shares during the period. Whittier Trust Co. increased its holdings in Church & Dwight by 3.2% in the 4th quarter. Whittier Trust Co. now owns 3,295 shares of the company's stock valued at $345,000 after buying an additional 103 shares during the period. HCR Wealth Advisors lifted its stake in Church & Dwight by 0.9% during the fourth quarter. HCR Wealth Advisors now owns 11,754 shares of the company's stock worth $1,231,000 after purchasing an additional 106 shares during the period. Finally, Atria Wealth Solutions Inc. grew its position in Church & Dwight by 0.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 12,124 shares of the company's stock valued at $1,270,000 after acquiring an additional 110 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight Trading Down 1.7 %

Shares of NYSE:CHD traded down $1.73 during midday trading on Wednesday, hitting $102.12. 2,937,085 shares of the stock traded hands, compared to its average volume of 1,528,778. 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 Co., Inc. has a one year low of $96.35 and a one year high of $116.46. The stock has a market capitalization of $25.13 billion, a PE ratio of 43.09, a P/E/G ratio of 3.32 and a beta of 0.55. The business's 50 day moving average is $107.10 and its two-hundred day moving average is $106.13.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, hitting 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 period in the prior year, the business earned $0.65 earnings per share. As a group, research analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, February 14th. This is an increase 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 1.16%. Church & Dwight's payout ratio is 49.79%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Royal Bank of Canada restated a "sector perform" rating and issued a $105.00 price objective on shares of Church & Dwight in a research report on Monday, February 3rd. Wells Fargo & Company increased their price target on Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Barclays reduced their target price on shares of Church & Dwight from $97.00 to $94.00 and set an "underweight" rating for the company in a research note on Friday, April 11th. UBS Group boosted their price objective on shares of Church & Dwight from $109.00 to $110.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Finally, Piper Sandler decreased their price target on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Church & Dwight currently has a consensus rating of "Hold" and a consensus target price of $112.59.

Insider Buying and Selling

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was 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 of the company's stock, valued at approximately $1,217,442.06. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Rene Hemsey sold 11,060 shares of the firm's stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 6,437 shares in the company, valued at $707,941.26. This represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,570 shares of company stock valued at $7,538,449. 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 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.