Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Dividend Assets Capital LLC

Dividend Assets Capital LLC trimmed its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,501 shares of the company's stock after selling 4,680 shares during the quarter. Dividend Assets Capital LLC's holdings in Church & Dwight were worth $4,239,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CHD. Strategic Financial Concepts LLC bought a new stake in shares of Church & Dwight during the fourth quarter worth $39,000. Bernard Wealth Management Corp. bought a new stake in shares of Church & Dwight in the fourth quarter valued at about $40,000. Versant Capital Management Inc raised its holdings in shares of Church & Dwight by 42.1% in the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock valued at $42,000 after acquiring an additional 112 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Church & Dwight in the fourth quarter valued at about $43,000. Finally, Banque Transatlantique SA bought a new stake in shares of Church & Dwight in the fourth quarter valued at about $46,000. 86.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CHD has been the subject of several recent research reports. Wells Fargo & Company lifted their price objective on Church & Dwight from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. Cowen downgraded shares of Church & Dwight from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Truist Financial set a $110.00 target price on shares of Church & Dwight and gave the stock a "buy" rating in a report on Friday, June 6th. Royal Bank of Canada upgraded Church & Dwight from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $100.00 to $114.00 in a research report on Monday, June 2nd. Finally, Barclays decreased 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. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $108.67.

Insider Activity

In related news, CEO Richard A. Dierker acquired 7,950 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was acquired at an average price of $94.66 per share, for a total transaction of $752,547.00. Following the purchase, the chief executive officer now owns 16,358 shares of the company's stock, valued at $1,548,448.28. This represents a 94.55% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Carlen Hooker sold 3,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $98.05, for a total value of $294,150.00. Following the sale, the executive vice president now directly owns 262 shares in the company, valued at $25,689.10. This trade represents a 91.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,195 shares of company stock worth $4,283,432. 1.20% of the stock is currently owned by company insiders.

Church & Dwight Trading Down 0.7%

Shares of NYSE CHD traded down $0.69 during mid-day trading on Friday, reaching $98.39. 445,701 shares of the company's stock were exchanged, compared to its average volume of 1,713,082. The firm has a market capitalization of $24.23 billion, a price-to-earnings ratio of 41.54, a PEG ratio of 3.32 and a beta of 0.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. 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 moving average is $98.50 and its 200-day moving average is $104.07.

Church & Dwight (NYSE:CHD - Get Free Report) last released 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 20.03% and a net margin of 9.58%. The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same period in the prior year, the business posted $0.96 EPS. The company's revenue was down 2.4% compared to the same quarter last year. Analysts expect 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. Stockholders of record on Thursday, May 15th were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Thursday, May 15th. Church & Dwight's payout ratio is presently 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.