Reik & CO. LLC Lowers Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Reik & CO. LLC cut its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,284,098 shares of the company's stock after selling 8,612 shares during the quarter. Church & Dwight makes up approximately 32.3% of Reik & CO. LLC's portfolio, making the stock its biggest position. Reik & CO. LLC owned 0.52% of Church & Dwight worth $134,458,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CHD. Amalgamated Bank raised its stake in Church & Dwight by 0.8% during the third quarter. Amalgamated Bank now owns 50,056 shares of the company's stock worth $5,242,000 after buying an additional 394 shares during the last quarter. Board of the Pension Protection Fund bought a new position in shares of Church & Dwight in the 4th quarter worth about $639,000. Oddo BHF Asset Management Sas acquired a new position in shares of Church & Dwight in the 3rd quarter valued at about $5,934,000. Citigroup Inc. boosted its position in shares of Church & Dwight by 9.1% during the 3rd quarter. Citigroup Inc. now owns 337,738 shares of the company's stock valued at $35,368,000 after purchasing an additional 28,129 shares in the last quarter. Finally, Financial Enhancement Group LLC grew its stake in Church & Dwight by 456.2% during the fourth quarter. Financial Enhancement Group LLC now owns 60,585 shares of the company's stock worth $6,232,000 after purchasing an additional 49,693 shares during the period. Institutional investors own 86.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CHD shares. Stifel Nicolaus increased their price target on Church & Dwight from $103.00 to $105.00 and gave the stock a "hold" rating in a report on Monday, February 3rd. TD Cowen increased their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Wells Fargo & Company raised their price target on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. JPMorgan Chase & Co. upped their price objective on shares of Church & Dwight from $99.00 to $107.00 and gave the company an "underweight" rating in a report on Thursday, January 16th. Finally, Piper Sandler decreased their target price on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $111.53.

Church & Dwight Stock Down 1.6 %

Shares of CHD traded down $1.73 during trading hours on Friday, reaching $105.51. 1,048,457 shares of the stock traded hands, compared to its average volume of 1,558,988. Church & Dwight Co., Inc. has a 52 week low of $96.35 and a 52 week high of $113.50. 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 stock has a fifty day simple moving average of $105.52 and a 200 day simple moving average of $104.48. The company has a market cap of $25.85 billion, a price-to-earnings ratio of 44.54, a PEG ratio of 3.35 and a beta of 0.59.

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

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.295 per share. 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. This represents a $1.18 annualized dividend and a dividend yield of 1.12%. Church & Dwight's dividend payout ratio (DPR) is currently 49.79%.

Insider Transactions at Church & Dwight

In other news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the stock in a transaction that occurred on 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 $3,448,575. This represents a 23.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Read purchased 1,100 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average cost of $106.82 per share, for a total transaction of $117,502.00. Following the acquisition, the executive vice president now directly 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 have sold 102,422 shares of company stock worth $11,424,351 in the last ninety days. Company insiders own 2.00% of the company's stock.

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.