Blue Trust Inc. Sells 1,814 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Blue Trust Inc. lessened its position in Church & Dwight Co., Inc. (NYSE:CHD) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,209 shares of the company’s stock after selling 1,814 shares during the quarter. Blue Trust Inc.’s holdings in Church & Dwight were worth $7,247,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CHD. Creative Planning raised its holdings in Church & Dwight by 4.9% in the 3rd quarter. Creative Planning now owns 55,434 shares of the company’s stock worth $5,805,000 after acquiring an additional 2,578 shares during the period. Swedbank AB increased its holdings in shares of Church & Dwight by 19.5% during the 3rd quarter. Swedbank AB now owns 147,868 shares of the company’s stock worth $15,485,000 after purchasing an additional 24,161 shares during the period. Vontobel Holding Ltd. increased its holdings in shares of Church & Dwight by 38.8% during the 3rd quarter. Vontobel Holding Ltd. now owns 94,743 shares of the company’s stock worth $9,921,000 after purchasing an additional 26,466 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Church & Dwight by 0.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 33,235 shares of the company’s stock worth $3,480,000 after purchasing an additional 225 shares during the period. Finally, M3 Advisory Group LLC bought a new position in shares of Church & Dwight during the 3rd quarter worth about $232,000. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Price Performance

NYSE:CHD opened at $105.12 on Friday. Church & Dwight Co., Inc. has a 12 month low of $96.35 and a 12 month high of $113.50. The company’s 50-day moving average price is $105.52 and its two-hundred day moving average price is $104.48. The firm has a market cap of $25.75 billion, a PE ratio of 44.36, a price-to-earnings-growth ratio of 3.35 and a beta of 0.59. 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 (NYSE:CHD) last announced its earnings results on Friday, January 31st. The company reported $0.77 earnings per share (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 last year, the business earned $0.65 EPS. On average, 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 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. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.12%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, February 14th. Church & Dwight’s dividend payout ratio is presently 47.68%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CHD shares. JPMorgan Chase & Co. boosted their price objective on shares of Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. 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 report on Monday, February 3rd. Piper Sandler dropped their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. TD Cowen upped their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Church & Dwight has an average rating of “Hold” and a consensus target price of $111.53.

Insider Transactions at Church & Dwight

In related news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the business’s 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 sale, the director now directly owns 32,500 shares of the company’s stock, valued at $3,448,575. The trade was a 23.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Rick Spann sold 39,520 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $112.00, for a total transaction of $4,426,240.00. Following the sale, the executive vice president now directly owns 4,973 shares of the company’s stock, valued at approximately $556,976. This trade represents a 88.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,422 shares of company stock worth $11,424,351. Corporate insiders own 2.00% of the company’s stock.

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.