Tobam Sells 8,823 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Tobam lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 13.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 57,850 shares of the company's stock after selling 8,823 shares during the period. Church & Dwight makes up 2.7% of Tobam's investment portfolio, making the stock its 7th biggest holding. Tobam's holdings in Church & Dwight were worth $6,369,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Lake Street Advisors Group LLC raised its position in shares of Church & Dwight by 3.7% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,692 shares of the company's stock valued at $282,000 after buying an additional 97 shares during the last quarter. Advisory Alpha LLC raised its position in shares of Church & Dwight by 3.7% during the first quarter. Advisory Alpha LLC now owns 2,707 shares of the company's stock valued at $298,000 after buying an additional 97 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Church & Dwight by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,005 shares of the company's stock valued at $2,199,000 after buying an additional 103 shares during the last quarter. Whittier Trust Co. raised its position in shares of Church & Dwight by 3.2% during the fourth quarter. Whittier Trust Co. now owns 3,295 shares of the company's stock valued at $345,000 after buying an additional 103 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its position in shares of Church & Dwight by 0.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 12,124 shares of the company's stock valued at $1,270,000 after buying an additional 110 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. TD Cowen cut shares of Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 price objective for the company. in a research note on Tuesday, May 6th. Wall Street Zen cut shares of Church & Dwight from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Bank of America upgraded shares of Church & Dwight from a "neutral" rating to a "buy" rating and increased their price objective for the company from $112.00 to $125.00 in a research note on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price objective on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a research note on Friday, April 11th. Finally, Wells Fargo & Company increased their price objective on shares of Church & Dwight from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Three 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $108.67.

Insiders Place Their Bets

In other news, EVP Michael Read acquired 3,000 shares of Church & Dwight stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average price of $92.07 per share, with a total value of $276,210.00. Following the purchase, the executive vice president now directly owns 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 14,660 shares of Church & Dwight stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $99.00, for a total transaction of $1,451,340.00. Following the transaction, the director now directly owns 13,747 shares in the company, valued at $1,360,953. The trade was a 51.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 44,195 shares of company stock valued at $4,283,432 in the last 90 days. 1.20% of the stock is currently owned by insiders.

Church & Dwight Price Performance

Shares of Church & Dwight stock traded down $2.04 during mid-day trading on Friday, reaching $97.04. 2,096,941 shares of the stock were exchanged, compared to its average volume of 1,722,944. The company has a market cap of $23.90 billion, a price-to-earnings ratio of 40.95, a price-to-earnings-growth ratio of 3.32 and a beta of 0.52. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The firm has a 50-day simple moving average of $98.41 and a 200 day simple moving average of $103.94. Church & Dwight Co., Inc. has a fifty-two week low of $90.99 and a fifty-two week high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.02. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. The company's revenue was down 2.4% on a year-over-year basis. On average, sell-side analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Thursday, May 15th. Church & Dwight's dividend payout ratio is currently 50.64%.

Church & Dwight Company 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.