Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Fiduciary Trust Co

Fiduciary Trust Co lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 303,076 shares of the company's stock after selling 5,773 shares during the quarter. Fiduciary Trust Co owned about 0.12% of Church & Dwight worth $31,735,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. YANKCOM Partnership purchased a new stake in Church & Dwight in the fourth quarter valued at approximately $25,000. Strategic Financial Concepts LLC purchased a new stake in Church & Dwight in the fourth quarter valued at approximately $39,000. Bernard Wealth Management Corp. purchased a new stake in Church & Dwight in the fourth quarter valued at approximately $40,000. Bank of Jackson Hole Trust purchased a new stake in Church & Dwight in the fourth quarter valued at approximately $43,000. Finally, Banque Transatlantique SA purchased a new stake in Church & Dwight in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 86.60% of the company's stock.

Insider Activity at Church & Dwight

In related news, EVP Rene Hemsey sold 11,060 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total value of $1,216,378.80. Following the completion of the transaction, the executive vice president now directly owns 6,437 shares of the company's stock, valued at approximately $707,941.26. This represents a 63.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Read acquired 3,000 shares of Church & Dwight stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average cost of $92.07 per share, with a total value of $276,210.00. Following the completion of the purchase, the executive vice president now owns 5,505 shares in the company, valued at $506,845.35. The trade was a 119.76% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 80,230 shares of company stock valued at $8,903,734. 2.00% of the stock is owned by insiders.

Church & Dwight Price Performance

Shares of NYSE:CHD traded down $0.59 during midday trading on Friday, reaching $91.59. 1,892,480 shares of the company's stock traded hands, compared to its average volume of 1,597,536. Church & Dwight Co., Inc. has a 1 year low of $91.08 and a 1 year high of $116.46. The company has a market cap of $22.56 billion, a P/E ratio of 38.65, a PEG ratio of 3.32 and a beta of 0.55. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. The company has a fifty day simple moving average of $104.03 and a two-hundred day simple moving average of $105.54.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.02. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the firm posted $0.96 EPS. The business's revenue was down 2.4% on a year-over-year basis. Equities analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 1.29%. The ex-dividend date is Thursday, May 15th. Church & Dwight's dividend payout ratio is currently 50.64%.

Analysts Set New Price Targets

CHD has been the topic of a number of recent research reports. Truist Financial upped their target price on Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Wells Fargo & Company upped their price objective on Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. lowered their price objective on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating on the stock in a research report on Friday, April 11th. Barclays lowered their price objective on Church & Dwight from $94.00 to $84.00 and set an "underweight" rating on the stock in a research report on Friday, May 2nd. Finally, Evercore ISI lowered their price objective on Church & Dwight from $106.00 to $102.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $109.13.

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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.