Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Norden Group LLC

Norden Group LLC cut its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 26.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,978 shares of the company’s stock after selling 1,073 shares during the quarter. Norden Group LLC’s holdings in Church & Dwight were worth $282,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Penobscot Investment Management Company Inc. increased its position in Church & Dwight by 3.1% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 72,473 shares of the company’s stock worth $6,853,000 after purchasing an additional 2,180 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in shares of Church & Dwight by 806.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 39,020 shares of the company’s stock worth $3,690,000 after purchasing an additional 34,714 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Church & Dwight by 4.6% during the fourth quarter. Van ECK Associates Corp now owns 31,606 shares of the company’s stock worth $2,989,000 after buying an additional 1,378 shares in the last quarter. Intrust Bank NA raised its position in shares of Church & Dwight by 5.4% in the fourth quarter. Intrust Bank NA now owns 10,960 shares of the company’s stock valued at $1,036,000 after buying an additional 559 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in shares of Church & Dwight by 11.8% during the fourth quarter. Mather Group LLC. now owns 7,445 shares of the company’s stock valued at $704,000 after buying an additional 785 shares during the period. 86.60% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Stock Performance

NYSE:CHD opened at $106.24 on Thursday. Church & Dwight Co., Inc. has a twelve month low of $82.25 and a twelve month high of $108.68. The company has a current ratio of 1.08, a quick ratio of 0.64 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average of $103.44 and a 200-day moving average of $97.59. The firm has a market cap of $25.91 billion, a price-to-earnings ratio of 34.95, a price-to-earnings-growth ratio of 3.61 and a beta of 0.51.

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

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a yield of 1.07%. Church & Dwight’s payout ratio is 37.17%.

Wall Street Analyst Weigh In

Several analysts have commented on CHD shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. The Goldman Sachs Group started coverage on Church & Dwight in a research report on Friday, March 1st. They set a “buy” rating and a $110.00 target price on the stock. Royal Bank of Canada lifted their price target on Church & Dwight from $94.00 to $103.00 and gave the company a “sector perform” rating in a report on Monday, February 5th. JPMorgan Chase & Co. increased their price objective on shares of Church & Dwight from $87.00 to $95.00 and gave the stock an “underweight” rating in a report on Thursday, January 18th. Finally, Oppenheimer boosted their target price 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. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $104.07.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Rene Hemsey sold 9,280 shares of Church & Dwight stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $100.22, for a total transaction of $930,041.60. Following the transaction, the executive vice president now owns 6,373 shares of the company’s stock, valued at approximately $638,702.06. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Rene Hemsey sold 9,280 shares of Church & Dwight stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $100.22, for a total transaction of $930,041.60. Following the completion of the sale, the executive vice president now owns 6,373 shares of the company’s stock, valued at $638,702.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Penry W. Price sold 7,752 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $98.29, for a total value of $761,944.08. Following the completion of the transaction, the director now directly owns 25,692 shares in the company, valued at $2,525,266.68. The disclosure for this sale can be found here. Insiders have sold a total of 373,052 shares of company stock valued at $38,603,796 in the last three months. 2.00% of the stock is currently owned by company insiders.

About Church & Dwight

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.