Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. trimmed its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 8.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 71,909 shares of the company's stock after selling 6,257 shares during the quarter. Brown Advisory Inc.'s holdings in Church & Dwight were worth $7,917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CHD. Assetmark Inc. raised its position in shares of Church & Dwight by 16.7% during the 4th quarter. Assetmark Inc. now owns 915 shares of the company's stock worth $96,000 after purchasing an additional 131 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Church & Dwight during the 4th quarter worth approximately $167,000. Daiwa Securities Group Inc. increased its position in Church & Dwight by 15.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 34,604 shares of the company's stock valued at $3,606,000 after acquiring an additional 4,665 shares during the period. Moors & Cabot Inc. increased its position in Church & Dwight by 6.9% in the 4th quarter. Moors & Cabot Inc. now owns 3,355 shares of the company's stock valued at $351,000 after acquiring an additional 218 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in Church & Dwight by 1.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 11,311 shares of the company's stock valued at $1,184,000 after acquiring an additional 177 shares during the period. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Church & Dwight

In other news, Director Penry W. Price sold 14,660 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $93.13, for a total transaction of $1,365,285.80. Following the completion of the sale, the director directly owned 27,043 shares of the company's stock, valued at $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 available at this hyperlink. Also, CEO Richard A. Dierker purchased 7,950 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average cost of $94.66 per share, with a total value of $752,547.00. Following the completion of the purchase, the chief executive officer directly owned 16,358 shares in the company, valued at approximately $1,548,448.28. This represents a 94.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 50,575 shares of company stock worth $4,910,586. 2.00% of the stock is currently owned by company insiders.

Church & Dwight Stock Performance

Shares of NYSE CHD opened at $98.03 on Friday. 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 stock has a market capitalization of $24.14 billion, a price-to-earnings ratio of 42.07, a PEG ratio of 3.98 and a beta of 0.51. The stock's fifty day simple moving average is $96.65 and its 200 day simple moving average is $102.55. 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 issued 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 for the quarter, compared to analysts' expectations of $1.52 billion. Church & Dwight had a return on equity of 19.28% and a net margin of 9.52%. The company's quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 EPS. As a group, sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 1.20%. The ex-dividend date was Thursday, May 15th. Church & Dwight's dividend payout ratio is currently 50.64%.

Analysts Set New Price Targets

Several analysts recently commented on CHD shares. Evercore ISI lowered their target price on Church & Dwight from $106.00 to $102.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. TD Cowen cut Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 target price on the stock. in a research report on Tuesday, May 6th. Royal Bank Of Canada upgraded Church & Dwight from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $100.00 to $114.00 in a research report on Monday, June 2nd. JPMorgan Chase & Co. lowered their target price on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating on the stock in a research report on Friday, April 11th. Finally, Truist Financial set a $110.00 price target on Church & Dwight and gave the company a "buy" rating in a research note on Friday, June 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $107.43.

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.

Want to see what other hedge funds are holding CHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Church & Dwight Co., Inc. (NYSE:CHD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.