Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. reduced its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 18.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,762 shares of the company's stock after selling 3,722 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Church & Dwight were worth $1,845,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Lake Street Advisors Group LLC lifted its stake in Church & Dwight by 3.7% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,692 shares of the company's stock worth $282,000 after purchasing an additional 97 shares in the last quarter. Advisory Alpha LLC lifted its position in Church & Dwight by 3.7% during the first quarter. Advisory Alpha LLC now owns 2,707 shares of the company's stock worth $298,000 after buying an additional 97 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Church & Dwight by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,005 shares of the company's stock worth $2,199,000 after buying an additional 103 shares during the last quarter. Whittier Trust Co. grew its holdings in Church & Dwight by 3.2% in the 4th quarter. Whittier Trust Co. now owns 3,295 shares of the company's stock valued at $345,000 after buying an additional 103 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its stake in shares of Church & Dwight by 0.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 12,124 shares of the company's stock worth $1,270,000 after acquiring an additional 110 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

Insider Activity at Church & Dwight

In other news, EVP Carlen Hooker sold 6,380 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $98.30, for a total transaction of $627,154.00. Following the completion of the sale, the executive vice president now owns 262 shares in the company, valued at approximately $25,754.60. The trade was a 96.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $99.00, for a total transaction of $1,451,340.00. Following the completion of the transaction, the director now owns 13,747 shares of the company's stock, valued at approximately $1,360,953. The trade was a 51.61% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,575 shares of company stock worth $4,910,586. Company insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

CHD has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company boosted their target price on shares of Church & Dwight from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. Morgan Stanley cut their price target on shares of Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. Barclays decreased their price objective on Church & Dwight from $94.00 to $84.00 and set an "underweight" rating on the stock in a report on Friday, May 2nd. Finally, Cowen lowered Church & Dwight from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $108.29.

Church & Dwight Trading Down 0.1%

Church & Dwight stock traded down $0.13 during midday trading on Friday, reaching $94.84. 3,093,647 shares of the stock traded hands, compared to its average volume of 1,764,965. The firm has a market cap of $23.36 billion, a PE ratio of 40.71, a price-to-earnings-growth ratio of 3.82 and a beta of 0.52. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.48. The company has a 50-day simple moving average of $97.06 and a two-hundred day simple moving average of $103.16. Church & Dwight Co., Inc. has a 12-month low of $90.99 and a 12-month high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly 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 business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.52 billion. Church & Dwight had a net margin of 9.52% and a return on equity of 19.28%. The business's quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 earnings per share. Research analysts expect 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 declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were paid a $0.295 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.18 annualized dividend and a dividend yield of 1.24%. Church & Dwight's dividend payout ratio (DPR) is 50.64%.

About Church & Dwight

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.