Wells Fargo & Company MN Sells 71,459 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Wells Fargo & Company MN reduced its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,270,378 shares of the company's stock after selling 71,459 shares during the quarter. Wells Fargo & Company MN owned approximately 0.52% of Church & Dwight worth $133,021,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Norges Bank bought a new position in shares of Church & Dwight in the fourth quarter valued at about $318,532,000. JPMorgan Chase & Co. lifted its holdings in Church & Dwight by 19.4% during the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock worth $768,157,000 after buying an additional 1,190,154 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Church & Dwight in the 4th quarter valued at $76,565,000. World Investment Advisors LLC acquired a new stake in Church & Dwight in the third quarter worth about $58,338,000. Finally, Barclays PLC raised its holdings in Church & Dwight by 63.9% during 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 last quarter. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Stock Down 0.3 %

Shares of NYSE CHD traded down $0.29 during midday trading on Friday, reaching $103.48. The company's stock had a trading volume of 395,119 shares, compared to its average volume of 1,499,683. Church & Dwight Co., Inc. has a fifty-two week low of $96.35 and a fifty-two week high of $116.46. The stock has a 50 day simple moving average of $107.32 and a 200-day simple moving average of $106.06. The stock has a market capitalization of $25.47 billion, a price-to-earnings ratio of 43.67, a PEG ratio of 3.32 and a beta of 0.55. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting 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 in the prior year, the business posted $0.65 earnings per share. Equities research analysts predict 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. Stockholders of record on Friday, February 14th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Friday, February 14th. This is an increase from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's dividend payout ratio is presently 49.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating on the stock in a research note on Friday. Barclays boosted their target price on Church & Dwight from $93.00 to $97.00 and gave the stock an "underweight" rating in a research report on Thursday, March 27th. Stifel Nicolaus boosted their price objective 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. Piper Sandler decreased their price target on shares of Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Finally, Truist Financial raised their price objective on Church & Dwight from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $111.63.

Insider Activity at Church & Dwight

In other news, EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction on 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 sale, the executive vice president now owns 6,437 shares of the company's stock, valued at approximately $707,941.26. This trade represents a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now owns 10,497 shares in the company, valued at $1,217,442.06. This trade represents a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,570 shares of company stock valued at $7,538,449. 2.00% of the stock is owned by corporate insiders.

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.