Dividend Assets Capital LLC Sells 981 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Dividend Assets Capital LLC reduced its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 43,181 shares of the company’s stock after selling 981 shares during the quarter. Dividend Assets Capital LLC’s holdings in Church & Dwight were worth $4,521,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Bradley Foster & Sargent Inc. CT lifted its position in shares of Church & Dwight by 1.1% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 15,515 shares of the company’s stock worth $1,625,000 after purchasing an additional 168 shares during the last quarter. Nicholson Wealth Management Group LLC lifted its holdings in Church & Dwight by 110.0% during the 4th quarter. Nicholson Wealth Management Group LLC now owns 14,590 shares of the company’s stock valued at $1,528,000 after buying an additional 7,642 shares in the last quarter. Mattern Capital Management LLC lifted its holdings in Church & Dwight by 1.3% during the 4th quarter. Mattern Capital Management LLC now owns 78,640 shares of the company’s stock valued at $8,234,000 after buying an additional 1,012 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in Church & Dwight by 6.0% in the 4th quarter. Concurrent Investment Advisors LLC now owns 3,264 shares of the company’s stock valued at $342,000 after buying an additional 184 shares during the period. Finally, Ieq Capital LLC grew its stake in Church & Dwight by 128.5% in the 4th quarter. Ieq Capital LLC now owns 32,996 shares of the company’s stock worth $3,455,000 after acquiring an additional 18,558 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Performance

Shares of CHD opened at $105.40 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The firm has a market cap of $25.93 billion, a PE ratio of 44.47, a P/E/G ratio of 3.32 and a beta of 0.59. Church & Dwight Co., Inc. has a 12 month low of $96.35 and a 12 month high of $113.50. The stock has a fifty day moving average price of $105.36 and a 200-day moving average price of $104.66.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same period in the previous year, the firm earned $0.65 earnings per share. Equities research analysts predict 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 announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.295 dividend. The ex-dividend date is Friday, February 14th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 dividend on an annualized basis and a yield of 1.12%. Church & Dwight’s dividend payout ratio (DPR) is 49.79%.

Insiders Place Their Bets

In related news, EVP Michael Read acquired 1,100 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average cost of $106.82 per share, with a total value of $117,502.00. Following the completion of the acquisition, the executive vice president now directly owns 2,505 shares of the company’s stock, valued at $267,584.10. This represents a 78.29 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $106.11, for a total value of $1,061,100.00. Following the completion of the transaction, the director now directly owns 32,500 shares in the company, valued at approximately $3,448,575. The trade was a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,522 shares of company stock valued at $5,487,555. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $105.00 price target on shares of Church & Dwight in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Piper Sandler dropped their price target 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. Barclays lifted their price objective on Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a report on Friday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $111.47.

Church & Dwight Company Profile

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.