Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 19.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,727 shares of the company's stock after selling 26,431 shares during the quarter. Janney Montgomery Scott LLC's holdings in Church & Dwight were worth $12,300,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CHD. M. Kraus & Co lifted its stake in Church & Dwight by 1.3% in the first quarter. M. Kraus & Co now owns 103,452 shares of the company's stock worth $11,389,000 after acquiring an additional 1,289 shares during the period. Mission Wealth Management LP raised its holdings in shares of Church & Dwight by 42.9% in the 1st quarter. Mission Wealth Management LP now owns 17,173 shares of the company's stock valued at $1,891,000 after purchasing an additional 5,155 shares in the last quarter. Aries Wealth Management lifted its position in shares of Church & Dwight by 33.0% in the 1st quarter. Aries Wealth Management now owns 3,527 shares of the company's stock worth $388,000 after purchasing an additional 875 shares during the period. Ritholtz Wealth Management boosted its stake in shares of Church & Dwight by 2.4% during the first quarter. Ritholtz Wealth Management now owns 8,721 shares of the company's stock valued at $960,000 after purchasing an additional 206 shares in the last quarter. Finally, Affinity Capital Advisors LLC purchased a new position in Church & Dwight during the first quarter valued at approximately $244,000. Institutional investors own 86.60% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CHD. Bank of America raised Church & Dwight from a "neutral" rating to a "buy" rating and increased their target price for the company from $112.00 to $125.00 in a research report on Tuesday, April 15th. UBS Group cut their target price on Church & Dwight from $110.00 to $102.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. 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. Oppenheimer lowered their price target on shares of Church & Dwight from $120.00 to $115.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Finally, Royal Bank Of Canada raised shares of Church & Dwight from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $100.00 to $114.00 in a research report on Monday, June 2nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $108.67.

Church & Dwight Stock Performance

Shares of NYSE CHD traded up $0.53 during mid-day trading on Friday, hitting $96.42. The stock had a trading volume of 4,741,941 shares, compared to its average volume of 1,751,527. The firm has a market cap of $23.75 billion, a PE ratio of 41.38, a PEG ratio of 3.85 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.43 and a current ratio of 1.95. The company has a 50 day moving average of $97.93 and a two-hundred day moving average of $103.59. Church & Dwight Co., Inc. has a twelve month low of $90.99 and a twelve month high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.89 by $0.02. The business had revenue of $1.47 billion during 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 EPS. Research analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Announces Dividend

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

Insider Activity

In other news, CEO Richard A. Dierker purchased 7,950 shares of the stock in a transaction that occurred on 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 acquisition, the chief executive officer now owns 16,358 shares of the company's stock, valued at approximately $1,548,448.28. This represents a 94.55% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Carlen Hooker sold 3,000 shares of Church & Dwight stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $98.05, for a total transaction of $294,150.00. Following the completion of the transaction, the executive vice president now directly owns 262 shares of the company's stock, valued at $25,689.10. The trade was a 91.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,575 shares of company stock valued at $4,910,586 in the last quarter. 2.00% of the stock is currently owned by company insiders.

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.