Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC lessened its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 21.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,532 shares of the company’s stock after selling 4,082 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Church & Dwight were worth $1,522,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. State Street Corp grew its holdings in Church & Dwight by 8.0% during the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company’s stock valued at $1,373,542,000 after buying an additional 969,006 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Church & Dwight by 5.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock worth $839,472,000 after purchasing an additional 429,863 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Church & Dwight by 0.5% during the third quarter. Stifel Financial Corp now owns 4,295,527 shares of the company’s stock worth $449,830,000 after purchasing an additional 21,607 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Church & Dwight by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,448,584 shares of the company’s stock worth $151,681,000 after purchasing an additional 49,082 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Church & Dwight by 63.9% during the third 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. Institutional investors and hedge funds own 86.60% of the company’s stock.

Wall Street Analyst Weigh In

CHD has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their price objective on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Barclays increased their target price on Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $105.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. Piper Sandler cut their price objective on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Finally, Truist Financial lifted their price target 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 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $111.56.

Church & Dwight Price Performance

NYSE CHD opened at $112.48 on Friday. The stock has a market capitalization of $27.67 billion, a P/E ratio of 47.46, a P/E/G ratio of 3.32 and a beta of 0.57. Church & Dwight Co., Inc. has a 1 year low of $96.35 and a 1 year high of $114.60. The business’s fifty day moving average is $106.23 and its two-hundred day moving average is $105.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, hitting the consensus estimate 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 previous year, the business posted $0.65 EPS. On average, research analysts forecast 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 declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $0.295 per share. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight’s payout ratio is currently 49.79%.

Insider Activity

In other news, EVP Michael Read bought 1,100 shares of the business’s stock in a transaction on Monday, December 16th. The stock was purchased 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 in the company, valued at approximately $267,584.10. The trade was a 78.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $106.11, for a total transaction of $1,061,100.00. Following the transaction, the director now directly owns 32,500 shares of the company’s stock, valued at approximately $3,448,575. This represents a 23.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,002 shares of company stock worth $1,061,315 in the last ninety days. 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.