Bath Savings Trust Co Sells 7,710 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Bath Savings Trust Co decreased its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 191,992 shares of the company's stock after selling 7,710 shares during the quarter. Church & Dwight accounts for approximately 2.2% of Bath Savings Trust Co's holdings, making the stock its 13th biggest holding. Bath Savings Trust Co owned approximately 0.08% of Church & Dwight worth $21,136,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CHD. PFG Investments LLC grew its holdings in Church & Dwight by 6.2% during the 4th quarter. PFG Investments LLC now owns 6,109 shares of the company's stock worth $640,000 after acquiring an additional 354 shares during the period. Forsta AP Fonden boosted its stake in Church & Dwight by 0.3% in the 4th quarter. Forsta AP Fonden now owns 89,000 shares of the company's stock worth $9,319,000 after purchasing an additional 300 shares during the period. Swedbank AB boosted its stake in Church & Dwight by 2.1% in the 4th quarter. Swedbank AB now owns 151,004 shares of the company's stock worth $15,812,000 after purchasing an additional 3,136 shares during the period. Baader Bank Aktiengesellschaft boosted its stake in Church & Dwight by 12.0% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 12,573 shares of the company's stock worth $1,316,000 after purchasing an additional 1,345 shares during the period. Finally, Milestone Asset Management LLC acquired a new position in shares of Church & Dwight during the fourth quarter worth about $1,041,000. 86.60% of the stock is owned by institutional investors.

Church & Dwight Stock Performance

Shares of NYSE CHD traded up $0.31 during mid-day trading on Friday, reaching $98.45. 4,911,224 shares of the company were exchanged, compared to its average volume of 1,684,975. The company's 50-day simple moving average is $100.08 and its 200-day simple moving average is $104.76. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $24.25 billion, a P/E ratio of 41.54, a P/E/G ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a twelve month low of $90.99 and a twelve month high of $116.46.

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

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.295 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.20%. Church & Dwight's dividend payout ratio (DPR) is currently 50.64%.

Insiders Place Their Bets

In related news, EVP Michael Read purchased 3,000 shares of the stock in a transaction dated Friday, May 9th. The stock was bought at an average cost of $92.07 per share, for a total transaction of $276,210.00. Following the completion of the acquisition, the executive vice president now owns 5,505 shares of the company's stock, valued at approximately $506,845.35. This represents a 119.76% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Penry W. Price sold 14,660 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $93.13, for a total value of $1,365,285.80. Following the completion of the sale, the director now directly owns 27,043 shares of the company's stock, valued at approximately $2,518,514.59. The trade was a 35.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,230 shares of company stock valued at $9,197,884. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. 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. Piper Sandler reduced their price target on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Wall Street Zen cut shares of Church & Dwight from a "hold" rating to a "sell" rating in a report on Tuesday, May 20th. Truist Financial increased their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Finally, Bank of America upgraded shares of Church & Dwight from a "neutral" rating to a "buy" rating and increased their target price for the stock from $112.00 to $125.00 in a report on Tuesday, April 15th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $109.13.

Church & Dwight 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.