Everence Capital Management Inc. Sells 9,230 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Everence Capital Management Inc. reduced its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 51.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,860 shares of the company’s stock after selling 9,230 shares during the period. Everence Capital Management Inc.’s holdings in Church & Dwight were worth $838,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Sei Investments Co. raised its position in Church & Dwight by 11.7% in the first quarter. Sei Investments Co. now owns 148,186 shares of the company’s stock worth $14,670,000 after acquiring an additional 15,509 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Church & Dwight by 27.8% in the first quarter. Sequoia Financial Advisors LLC now owns 3,078 shares of the company’s stock valued at $306,000 after purchasing an additional 670 shares during the period. Candriam Luxembourg S.C.A. lifted its stake in shares of Church & Dwight by 226.2% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 55,918 shares of the company’s stock valued at $5,557,000 after buying an additional 38,777 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of Church & Dwight by 119.2% during the 1st quarter. Baird Financial Group Inc. now owns 22,674 shares of the company’s stock valued at $2,253,000 after buying an additional 12,328 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Church & Dwight by 54.6% during the 1st quarter. Brown Brothers Harriman & Co. now owns 1,702 shares of the company’s stock valued at $169,000 after buying an additional 601 shares in the last quarter. 86.60% of the stock is owned by institutional investors.

Church & Dwight Price Performance

Shares of Church & Dwight stock opened at $103.45 on Thursday. The firm has a market cap of $25.23 billion, a PE ratio of 34.03, a price-to-earnings-growth ratio of 3.43 and a beta of 0.53. Church & Dwight Co., Inc. has a 12-month low of $82.25 and a 12-month high of $105.67. The company has a quick ratio of 0.64, a current ratio of 1.08 and a debt-to-equity ratio of 0.57. The company’s fifty day simple moving average is $101.84 and its two-hundred day simple moving average is $96.36.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, February 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.65. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The company’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 EPS. As a group, equities analysts expect that Church & Dwight Co., Inc. will post 3.44 EPS for the current year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were given a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.10%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, February 14th. Church & Dwight’s dividend payout ratio (DPR) is currently 37.17%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CHD. Truist Financial upped their price target on shares of Church & Dwight from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Bank of America upped their price target on shares of Church & Dwight from $100.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday. Oppenheimer upped their price target on shares of Church & Dwight from $107.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. UBS Group upped their price target on shares of Church & Dwight from $99.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Finally, Argus upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Friday, February 23rd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $103.27.

Insider Transactions at Church & Dwight

In other news, EVP Barry A. Bruno sold 9,926 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total value of $1,037,763.30. Following the completion of the sale, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $451,551.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Rene Hemsey sold 9,280 shares of Church & Dwight stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total transaction of $930,041.60. Following the completion of the transaction, the executive vice president now directly owns 6,373 shares of the company’s stock, valued at approximately $638,702.06. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Barry A. Bruno sold 9,926 shares of Church & Dwight stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at $451,551.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 373,052 shares of company stock valued at $38,603,796. Company insiders own 2.00% of the company’s stock.

Church & Dwight 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.