Cresset Asset Management LLC Reduces Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Cresset Asset Management LLC cut its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 25.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,681 shares of the company's stock after selling 25,795 shares during the period. Cresset Asset Management LLC's holdings in Church & Dwight were worth $7,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in CHD. YANKCOM Partnership acquired a new stake in Church & Dwight during the fourth quarter worth about $25,000. Versant Capital Management Inc increased its holdings in shares of Church & Dwight by 224.4% during the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company's stock worth $28,000 after buying an additional 184 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Church & Dwight during the 4th quarter valued at approximately $39,000. Bernard Wealth Management Corp. acquired a new position in Church & Dwight in the fourth quarter valued at approximately $40,000. Finally, Bank of Jackson Hole Trust purchased a new position in Church & Dwight in the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 86.60% of the company's stock.

Analysts Set New Price Targets

CHD has been the topic of a number of research analyst reports. Bank of America raised shares of Church & Dwight from a "neutral" rating to a "buy" rating and boosted their price target for the company from $112.00 to $125.00 in a research note on Tuesday, April 15th. Morgan Stanley decreased their price target on shares of Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. TD Cowen lowered Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 price objective on the stock. in a research report on Tuesday, May 6th. Truist Financial lifted their price objective on Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Finally, Barclays reduced their price objective on shares of Church & Dwight from $94.00 to $84.00 and set an "underweight" rating for the company in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $109.13.

Church & Dwight Price Performance

Shares of NYSE:CHD traded up $3.63 during midday trading on Monday, reaching $95.20. The company's stock had a trading volume of 3,931,341 shares, compared to its average volume of 1,607,006. Church & Dwight Co., Inc. has a fifty-two week low of $90.88 and a fifty-two week high of $116.46. The company has a market capitalization of $23.45 billion, a P/E ratio of 40.17, a P/E/G ratio of 3.32 and a beta of 0.55. 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 business's fifty day simple moving average is $104.03 and its 200-day simple moving average is $105.54.

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

Church & Dwight Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, May 15th. Church & Dwight's dividend payout ratio (DPR) is 50.64%.

Insiders Place Their Bets

In other news, EVP Rene Hemsey sold 11,060 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were 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 in the company, valued at approximately $707,941.26. The trade was a 63.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the completion of the sale, the executive vice president now directly owns 10,497 shares in the company, valued at $1,217,442.06. This trade represents a 83.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,230 shares of company stock valued at $8,903,734. 2.00% of the stock is currently owned by corporate insiders.

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 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.