Carret Asset Management LLC Sells 1,000 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Carret Asset Management LLC lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,502 shares of the company’s stock after selling 1,000 shares during the period. Carret Asset Management LLC’s holdings in Church & Dwight were worth $6,207,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. LPL Financial LLC grew its holdings in shares of Church & Dwight by 2.5% in the 3rd quarter. LPL Financial LLC now owns 120,999 shares of the company’s stock valued at $11,087,000 after buying an additional 2,943 shares during the period. Federated Hermes Inc. increased its holdings in shares of Church & Dwight by 459.2% in the third quarter. Federated Hermes Inc. now owns 5,950 shares of the company’s stock worth $545,000 after acquiring an additional 4,886 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Church & Dwight by 72.3% during the third quarter. Tower Research Capital LLC TRC now owns 16,161 shares of the company’s stock worth $1,481,000 after purchasing an additional 6,779 shares during the period. Gotham Asset Management LLC lifted its holdings in shares of Church & Dwight by 147.1% during the 3rd quarter. Gotham Asset Management LLC now owns 7,502 shares of the company’s stock valued at $687,000 after purchasing an additional 4,466 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in shares of Church & Dwight by 449.2% in the 3rd quarter. Lazard Asset Management LLC now owns 37,429 shares of the company’s stock valued at $3,429,000 after purchasing an additional 30,614 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CHD has been the subject of several research analyst reports. Oppenheimer upped their price target on shares of Church & Dwight from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Tuesday, April 23rd. Evercore ISI increased their target price on Church & Dwight from $107.00 to $110.00 and gave the stock an “in-line” rating in a report on Friday, May 3rd. Barclays cut their price target on Church & Dwight from $83.00 to $82.00 and set an “underweight” rating on the stock in a report on Monday, May 6th. BNP Paribas assumed coverage on Church & Dwight in a report on Monday, June 24th. They set a “neutral” rating and a $114.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their price target on Church & Dwight from $98.00 to $97.00 and set an “underweight” rating for the company in a research report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $106.65.

Insider Buying and Selling

In other news, Director Penry W. Price sold 7,752 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $105.47, for a total value of $817,603.44. Following the sale, the director now directly owns 25,692 shares in the company, valued at approximately $2,709,735.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Church & Dwight news, Director Robert K. Shearer sold 13,200 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $106.36, for a total value of $1,403,952.00. Following the completion of the transaction, the director now directly owns 29,108 shares in the company, valued at $3,095,926.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Penry W. Price sold 7,752 shares of Church & Dwight stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $105.47, for a total value of $817,603.44. Following the sale, the director now directly owns 25,692 shares in the company, valued at $2,709,735.24. The disclosure for this sale can be found here. Insiders sold a total of 182,346 shares of company stock worth $19,465,948 in the last ninety days. 1.40% of the stock is owned by insiders.

Church & Dwight Price Performance

Shares of NYSE CHD traded up $0.09 during midday trading on Wednesday, reaching $105.53. The company’s stock had a trading volume of 820,948 shares, compared to its average volume of 1,310,198. The company has a market cap of $25.80 billion, a P/E ratio of 33.41, a P/E/G ratio of 3.38 and a beta of 0.52. Church & Dwight Co., Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $110.31. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 1.33. The business’s 50 day moving average price is $106.74 and its two-hundred day moving average price is $102.20.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.10. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.49 billion. Church & Dwight had a net margin of 13.13% and a return on equity of 20.35%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. On average, analysts forecast that Church & Dwight Co., Inc. will post 3.46 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were paid a $0.2838 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $1.14 annualized dividend and a dividend yield of 1.08%. Church & Dwight’s payout ratio is 35.87%.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.