OLD Point Trust & Financial Services N A Sells 150 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

OLD Point Trust & Financial Services N A lessened its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 15.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 850 shares of the company’s stock after selling 150 shares during the period. OLD Point Trust & Financial Services N A’s holdings in Church & Dwight were worth $89,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Empowered Funds LLC lifted its stake in Church & Dwight by 2.8% in the third quarter. Empowered Funds LLC now owns 3,651 shares of the company’s stock valued at $382,000 after purchasing an additional 99 shares during the last quarter. Natixis Advisors LLC lifted its holdings in Church & Dwight by 2.2% during the 3rd quarter. Natixis Advisors LLC now owns 164,329 shares of the company’s stock worth $17,209,000 after purchasing an additional 3,573 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Church & Dwight by 5.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 30,266 shares of the company’s stock worth $3,170,000 after purchasing an additional 1,638 shares during the period. Swiss National Bank grew its holdings in Church & Dwight by 0.5% during the 3rd quarter. Swiss National Bank now owns 725,800 shares of the company’s stock valued at $76,006,000 after buying an additional 3,600 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Church & Dwight during the third quarter valued at about $253,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Rene Hemsey sold 11,060 shares of the company’s 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 in the company, valued at approximately $707,941.26. This represents a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $115.98, for a total value of $6,322,069.80. Following the completion of the transaction, the executive vice president now directly owns 10,497 shares in the company, valued at $1,217,442.06. The trade was a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,570 shares of company stock valued at $7,538,449 over the last three months. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

CHD has been the subject of a number of analyst reports. Truist Financial raised their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Barclays boosted their price target on shares of Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a research report on Tuesday, February 4th. Piper Sandler lowered 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. JPMorgan Chase & Co. dropped their price objective on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $105.00 target price on shares of Church & Dwight in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $111.56.

Church & Dwight Stock Performance

Shares of CHD opened at $108.11 on Thursday. The company has a 50-day simple moving average of $107.19 and a two-hundred day simple moving average of $105.83. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The firm has a market capitalization of $26.59 billion, a PE ratio of 45.62, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. Church & Dwight Co., Inc. has a one year low of $96.35 and a one year high of $116.46.

Church & Dwight (NYSE:CHD) last announced 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 net margin of 9.58% and a return on equity of 20.03%. During the same quarter in the prior year, the business earned $0.65 earnings per share. On average, 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 disclosed 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 represents a $1.18 annualized dividend and a dividend yield of 1.09%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, February 14th. Church & Dwight’s payout ratio is presently 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.