abrdn plc Sells 8,465 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

abrdn plc cut its position in Church & Dwight Co., Inc. (NYSE:CHD) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 318,119 shares of the company’s stock after selling 8,465 shares during the period. abrdn plc’s holdings in Church & Dwight were worth $33,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of Church & Dwight during the 3rd quarter worth $27,000. Ashton Thomas Securities LLC bought a new position in Church & Dwight in the third quarter valued at about $28,000. Versant Capital Management Inc raised its position in Church & Dwight by 224.4% in the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock valued at $28,000 after purchasing an additional 184 shares during the last quarter. Venturi Wealth Management LLC raised its position in Church & Dwight by 44.8% in the third quarter. Venturi Wealth Management LLC now owns 559 shares of the company’s stock valued at $59,000 after purchasing an additional 173 shares during the last quarter. Finally, Kennebec Savings Bank bought a new position in Church & Dwight in the third quarter valued at about $61,000. 86.60% of the stock is currently owned by institutional investors.

Insider Activity

In other Church & Dwight news, EVP Michael Read purchased 1,100 shares of the stock in a transaction on Monday, December 16th. The stock was acquired at an average price of $106.82 per share, with a total value of $117,502.00. Following the transaction, the executive vice president now directly owns 2,505 shares of the company’s stock, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Maynadier Patrick D. De sold 45,120 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $112.19, for a total value of $5,062,012.80. Following the transaction, the executive vice president now directly owns 10,325 shares of the company’s stock, valued at $1,158,361.75. The trade was a 81.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,622 shares of company stock valued at $12,842,559. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays raised their price objective on Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price objective on Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Piper Sandler lowered their price objective on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft raised their price objective on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Truist Financial raised their target price on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday. Two 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $111.53.

Church & Dwight Price Performance

CHD opened at $107.24 on Thursday. The stock has a 50-day moving average price of $106.13 and a 200-day moving average price of $104.28. Church & Dwight Co., Inc. has a 12-month low of $96.09 and a 12-month 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 market capitalization of $26.27 billion, a P/E ratio of 45.25, a PEG ratio of 3.28 and a beta of 0.59.

Church & Dwight (NYSE:CHD) last released its 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 period last year, the firm posted $0.65 earnings per share. Equities analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Friday, February 14th. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s payout ratio is 49.79%.

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.