Allspring Global Investments Holdings LLC Has $354.65 Million Position in Church & Dwight Co., Inc. (NYSE:CHD)

Allspring Global Investments Holdings LLC lowered its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 2.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,239,710 shares of the company's stock after selling 92,690 shares during the quarter. Church & Dwight accounts for 0.6% of Allspring Global Investments Holdings LLC's holdings, making the stock its 25th largest holding. Allspring Global Investments Holdings LLC owned 1.32% of Church & Dwight worth $354,651,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of analysts have weighed in on the company. Royal Bank Of Canada raised Church & Dwight from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from $100.00 to $114.00 in a research report on Monday, June 2nd. JPMorgan Chase & Co. reduced their price objective on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a report on Friday, April 11th. Evercore ISI dropped their price target on Church & Dwight from $106.00 to $102.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. TD Cowen downgraded Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 price objective for the company. in a research report on Tuesday, May 6th. Finally, Bank of America raised 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 research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $108.29.

Insider Buying and Selling

In other news, CEO Richard A. Dierker purchased 7,950 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was purchased at an average cost of $94.66 per share, with a total value of $752,547.00. Following the purchase, the chief executive officer now owns 16,358 shares in the company, valued at $1,548,448.28. This trade represents a 94.55% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Carlen Hooker sold 6,380 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $98.30, for a total value of $627,154.00. Following the sale, the executive vice president now directly owns 262 shares of the company's stock, valued at approximately $25,754.60. This represents a 96.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,575 shares of company stock valued at $4,910,586 in the last three months. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Stock Down 0.1%

Shares of Church & Dwight stock traded down $0.13 on Friday, hitting $94.84. 3,093,647 shares of the company's stock traded hands, compared to its average volume of 1,766,081. The stock has a market cap of $23.36 billion, a P/E ratio of 40.71, a PEG ratio of 3.81 and a beta of 0.52. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.48. The firm's 50-day moving average is $96.85 and its 200 day moving average is $103.08. Church & Dwight Co., Inc. has a 52-week low of $90.99 and a 52-week high of $116.46.

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 for the quarter, topping 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 period in the prior year, the firm earned $0.96 EPS. The business's quarterly revenue was down 2.4% on a year-over-year basis. Equities analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Thursday, May 15th. Church & Dwight's dividend payout ratio (DPR) is 50.64%.

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.