Tredje AP fonden Cuts Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Tredje AP fonden reduced its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,176 shares of the company's stock after selling 19,175 shares during the quarter. Tredje AP fonden's holdings in Church & Dwight were worth $2,008,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. YANKCOM Partnership acquired a new position in Church & Dwight during the 4th quarter worth approximately $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Church & Dwight in the third quarter worth approximately $28,000. Versant Capital Management Inc raised its stake in shares of 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 purchasing an additional 184 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Church & Dwight in the fourth quarter worth approximately $39,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Church & Dwight in the fourth quarter worth approximately $43,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Church & Dwight

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

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Church & Dwight Price Performance

NYSE CHD traded up $0.73 during trading hours on Wednesday, reaching $108.11. 1,413,822 shares of the stock traded hands, compared to its average volume of 1,384,025. The stock has a 50 day simple moving average of $107.08 and a two-hundred day simple moving average of $105.81. Church & Dwight Co., Inc. has a 1 year low of $96.35 and a 1 year high of $116.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The company has a market cap of $26.59 billion, a price-to-earnings ratio of 45.62, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results 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 return on equity of 20.03% and a net margin of 9.58%. During the same quarter in the prior year, the business earned $0.65 EPS. On average, analysts predict 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 $0.295 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 annualized dividend and a dividend yield of 1.09%. This is an increase from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's payout ratio is currently 49.79%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CHD shares. Stifel Nicolaus upped their target price on Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a report on Monday, February 3rd. Truist Financial upped their target price on Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Barclays increased their price objective on Church & Dwight from $90.00 to $93.00 and gave the company an "underweight" rating in a report on Tuesday, February 4th. Royal Bank of Canada reissued a "sector perform" rating and set a $105.00 price objective on shares of Church & Dwight in a report on Monday, February 3rd. Finally, Piper Sandler cut their price target on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target 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.