Baldwin Wealth Partners LLC MA Cuts Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Baldwin Wealth Partners LLC MA lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,846 shares of the company's stock after selling 3,251 shares during the period. Baldwin Wealth Partners LLC MA's holdings in Church & Dwight were worth $10,001,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its stake in Church & Dwight by 89.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,164 shares of the company's stock valued at $5,567,000 after purchasing an additional 25,080 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Church & Dwight by 0.5% during the fourth quarter. American Century Companies Inc. now owns 1,426,177 shares of the company's stock worth $149,335,000 after acquiring an additional 6,425 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Church & Dwight by 19.4% in the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock valued at $768,157,000 after purchasing an additional 1,190,154 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Church & Dwight in the 4th quarter valued at approximately $76,565,000. Finally, LPL Financial LLC grew its position in Church & Dwight by 13.4% during the 4th quarter. LPL Financial LLC now owns 184,133 shares of the company's stock worth $19,281,000 after purchasing an additional 21,742 shares during the last quarter. Institutional investors own 86.60% of the company's stock.

Insider Transactions at Church & Dwight

In other news, CEO Richard A. Dierker purchased 7,950 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was acquired at an average price of $94.66 per share, with a total value of $752,547.00. Following the purchase, the chief executive officer now directly owns 16,358 shares in the company, valued at approximately $1,548,448.28. This represents a 94.55% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael Read purchased 3,000 shares of Church & Dwight stock in a transaction dated Friday, May 9th. The shares were purchased at an average cost of $92.07 per share, for a total transaction of $276,210.00. Following the transaction, the executive vice president now owns 5,505 shares in the company, valued at approximately $506,845.35. This trade represents a 119.76% increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 55,255 shares of company stock worth $5,499,811 in the last ninety days. Insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. TD Cowen downgraded shares of Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 price objective on the stock. in a report on Tuesday, May 6th. Royal Bank of Canada raised shares of Church & Dwight from a "sector perform" rating to an "outperform" rating and upped their price target for the company from $100.00 to $114.00 in a report on Monday, June 2nd. Truist Financial set a $110.00 price objective on Church & Dwight and gave the company a "buy" rating in a research note on Friday. Morgan Stanley decreased their price objective on Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. Finally, Evercore ISI dropped their target price on Church & Dwight from $106.00 to $102.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $109.69.

Church & Dwight Stock Performance

Shares of NYSE:CHD opened at $99.07 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. Church & Dwight Co., Inc. has a 1 year low of $90.99 and a 1 year high of $116.46. The firm has a market capitalization of $24.40 billion, a PE ratio of 41.80, a P/E/G ratio of 3.32 and a beta of 0.52. The business's 50 day moving average price is $99.13 and its 200-day moving average price is $104.32.

Church & Dwight (NYSE:CHD - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.02. The business 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 company's revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 earnings per share. As a group, equities research analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Thursday, May 15th. Church & Dwight's dividend payout ratio (DPR) is 50.64%.

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.

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