Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 4.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 691,600 shares of the company's stock after selling 34,200 shares during the period. Swiss National Bank owned about 0.28% of Church & Dwight worth $72,417,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Avantax Advisory Services Inc. raised its stake in shares of Church & Dwight by 5.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,500 shares of the company's stock valued at $1,518,000 after acquiring an additional 798 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Church & Dwight by 39.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,728 shares of the company's stock valued at $286,000 after acquiring an additional 767 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Church & Dwight by 19.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,392 shares of the company's stock valued at $250,000 after acquiring an additional 382 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Church & Dwight by 1.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 11,311 shares of the company's stock valued at $1,184,000 after acquiring an additional 177 shares in the last quarter. Finally, Moors & Cabot Inc. raised its stake in shares of Church & Dwight by 6.9% during the fourth quarter. Moors & Cabot Inc. now owns 3,355 shares of the company's stock valued at $351,000 after acquiring an additional 218 shares in the last quarter. Institutional investors own 86.60% of the company's stock.

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Insider Activity

In other Church & Dwight news, EVP Rene Hemsey sold 11,060 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total value of $1,216,378.80. Following the sale, the executive vice president now directly owns 6,437 shares of the company's stock, valued at approximately $707,941.26. This represents a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the completion of the sale, the executive vice president now directly owns 10,497 shares in the company, valued at approximately $1,217,442.06. The trade was a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,570 shares of company stock valued at $7,538,449 over the last ninety days. 2.00% of the stock is currently owned by insiders.

Church & Dwight Stock Performance

Shares of CHD traded up $0.73 during trading hours on Wednesday, reaching $108.11. 1,413,822 shares of the company traded hands, compared to its average volume of 1,605,187. The stock has a market capitalization of $26.59 billion, a P/E ratio of 45.62, a P/E/G ratio of 3.32 and a beta of 0.57. 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 12-month low of $96.35 and a 12-month high of $116.46. The business has a fifty day moving average price of $107.08 and a 200-day moving average price of $105.81.

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 for the quarter, meeting 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 quarter last year, the firm earned $0.65 EPS. Equities analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $0.295 per share. The ex-dividend date was Friday, February 14th. This is a positive change 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 1.09%. Church & Dwight's payout ratio is 49.79%.

Wall Street Analysts Forecast Growth

CHD has been the subject of a number of recent research reports. Piper Sandler reduced their price objective 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 boosted their price objective on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a "hold" rating in a research note on Monday, February 3rd. Truist Financial boosted their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Church & Dwight from $107.00 to $106.00 and set an "underweight" rating for the company in a research note on Friday, February 21st. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $105.00 price objective on shares of Church & Dwight in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $111.56.

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.