Allspring Global Investments Holdings LLC Sells 92,690 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Allspring Global Investments Holdings LLC lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 2.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 3,239,710 shares of the company's stock after selling 92,690 shares during the period. Church & Dwight makes up approximately 0.6% of Allspring Global Investments Holdings LLC's portfolio, making the stock its 25th biggest holding. Allspring Global Investments Holdings LLC owned about 1.32% of Church & Dwight worth $354,651,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHD. Y Intercept Hong Kong Ltd bought a new stake in shares of Church & Dwight during the 4th quarter worth $634,000. Lake Street Advisors Group LLC grew its position in shares of Church & Dwight by 3.7% during the 4th quarter. Lake Street Advisors Group LLC now owns 2,692 shares of the company's stock valued at $282,000 after acquiring an additional 97 shares during the period. National Pension Service increased its stake in shares of Church & Dwight by 1.0% during the 4th quarter. National Pension Service now owns 348,075 shares of the company's stock worth $36,447,000 after purchasing an additional 3,531 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Church & Dwight by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,005 shares of the company's stock worth $2,199,000 after purchasing an additional 103 shares during the period. Finally, New York Life Investment Management LLC lifted its stake in Church & Dwight by 0.5% in the fourth quarter. New York Life Investment Management LLC now owns 36,459 shares of the company's stock valued at $3,818,000 after purchasing an additional 164 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Royal Bank Of Canada raised 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 research report on Monday, June 2nd. TD Cowen lowered shares of Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 target price for the company. in a research report on Tuesday, May 6th. Cowen downgraded shares of Church & Dwight from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. UBS Group dropped their price target on shares of Church & Dwight from $110.00 to $102.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Finally, Morgan Stanley reduced their price objective on shares of Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $108.29.

Church & Dwight Price Performance

Shares of Church & Dwight stock traded up $1.55 on Tuesday, hitting $97.66. 2,411,774 shares of the company traded hands, compared to its average volume of 1,752,074. Church & Dwight Co., Inc. has a 12-month low of $90.99 and a 12-month high of $116.46. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.48. The company has a market cap of $24.05 billion, a P/E ratio of 41.91, a P/E/G ratio of 3.80 and a beta of 0.52. The firm's 50-day simple moving average is $96.71 and its 200 day simple moving average is $102.98.

Church & Dwight (NYSE:CHD - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.02. Church & Dwight had a return on equity of 19.28% and a net margin of 9.52%. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The firm's revenue was down 2.4% on a year-over-year basis. Analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were given a $0.295 dividend. The ex-dividend date was Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a yield of 1.21%. Church & Dwight's payout ratio is 50.64%.

Insiders Place Their Bets

In related news, Director Penry W. Price sold 14,660 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $93.13, for a total transaction of $1,365,285.80. Following the transaction, the director owned 27,043 shares of the company's stock, valued at approximately $2,518,514.59. This trade represents a 35.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Read purchased 3,000 shares of the stock in a transaction on Friday, May 9th. The stock was acquired 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 directly owned 5,505 shares of the company's stock, valued at $506,845.35. The trade was a 119.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 50,575 shares of company stock valued at $4,910,586 over the last 90 days. Company insiders own 1.20% of the company's stock.

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.