Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 36.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,783 shares of the company's stock after selling 20,783 shares during the period. Janus Henderson Group PLC's holdings in Church & Dwight were worth $3,852,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. YANKCOM Partnership purchased a new position in Church & Dwight in the fourth quarter valued at $25,000. Strategic Financial Concepts LLC purchased a new position in Church & Dwight in the fourth quarter valued at $39,000. Bernard Wealth Management Corp. purchased a new position in Church & Dwight in the fourth quarter valued at $40,000. Bank of Jackson Hole Trust purchased a new position in Church & Dwight in the fourth quarter valued at $43,000. Finally, Banque Transatlantique SA purchased a new position in Church & Dwight in the fourth quarter valued at $46,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight Trading Up 0.2%

Shares of Church & Dwight stock opened at $95.99 on Tuesday. 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 firm has a market cap of $23.64 billion, a price-to-earnings ratio of 40.50, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a 52-week low of $90.99 and a 52-week high of $116.46. The company's 50-day simple moving average is $102.04 and its 200-day simple moving average is $105.27.

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 the consensus estimate of $0.89 by $0.02. The company 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 20.03% and a net margin of 9.58%. The firm's quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. As a group, equities research 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 announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, May 15th. Church & Dwight's dividend payout ratio (DPR) is currently 50.64%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CHD shares. Bank of America upgraded Church & Dwight from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $112.00 to $125.00 in a research report on Tuesday, April 15th. Barclays cut their target price on Church & Dwight from $94.00 to $84.00 and set an "underweight" rating on the stock in a research report on Friday, May 2nd. Piper Sandler cut their target price on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Wells Fargo & Company lifted their target price on Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Finally, Evercore ISI cut 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $109.13.

Insiders Place Their Bets

In related news, EVP Maynadier Patrick D. De sold 54,510 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the sale, the executive vice president now owns 10,497 shares of the company's stock, valued at approximately $1,217,442.06. The trade was a 83.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Rene Hemsey sold 11,060 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the completion of the transaction, the executive vice president now directly owns 6,437 shares of the company's stock, valued at approximately $707,941.26. This trade represents a 63.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 80,230 shares of company stock worth $8,903,734. Corporate insiders own 2.00% of the company's stock.

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.

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