M&T Bank Corp Sells 3,341 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

M&T Bank Corp lowered its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 2.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 120,676 shares of the company's stock after selling 3,341 shares during the quarter. M&T Bank Corp's holdings in Church & Dwight were worth $13,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Church & Dwight during the 4th quarter valued at approximately $318,532,000. JPMorgan Chase & Co. increased its position in Church & Dwight by 19.4% during the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock valued at $768,157,000 after purchasing an additional 1,190,154 shares during the period. GAMMA Investing LLC increased its position in Church & Dwight by 12,489.8% during the 1st quarter. GAMMA Investing LLC now owns 861,895 shares of the company's stock valued at $94,886,000 after purchasing an additional 855,049 shares during the period. Ceredex Value Advisors LLC acquired a new stake in Church & Dwight during the 4th quarter valued at approximately $49,504,000. Finally, Northern Trust Corp increased its position in Church & Dwight by 15.0% during the 4th quarter. Northern Trust Corp now owns 3,018,552 shares of the company's stock valued at $316,073,000 after purchasing an additional 393,068 shares during the period. Institutional investors and hedge funds own 86.60% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CHD. Truist Financial set a $110.00 target price on shares of Church & Dwight and gave the company a "buy" rating in a research report on Friday, June 6th. Wall Street Zen raised shares of Church & Dwight from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Royal Bank Of Canada upgraded Church & Dwight from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from $100.00 to $114.00 in a report on Monday, June 2nd. Evercore ISI cut their price target on Church & Dwight from $106.00 to $102.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Finally, Bank of America upgraded Church & Dwight from a "neutral" rating to a "buy" rating and increased their price target for the stock from $112.00 to $125.00 in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $107.43.

Insiders Place Their Bets

In related news, CEO Richard A. Dierker purchased 7,950 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average cost of $94.66 per share, with a total value of $752,547.00. Following the transaction, the chief executive officer owned 16,358 shares of the company's stock, valued at $1,548,448.28. This represents a 94.55% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Penry W. Price sold 14,660 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $93.13, for a total value of $1,365,285.80. Following the completion of the sale, the director directly owned 27,043 shares of the company's stock, valued at $2,518,514.59. The trade was a 35.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,575 shares of company stock worth $4,910,586 in the last three months. 1.20% of the stock is owned by corporate insiders.

Church & Dwight Stock Up 0.4%

Shares of CHD traded up $0.41 during trading hours on Wednesday, reaching $98.45. The stock had a trading volume of 2,472,606 shares, compared to its average volume of 1,764,196. Church & Dwight Co., Inc. has a 12 month low of $90.99 and a 12 month high of $116.46. The firm has a 50-day simple moving average of $96.43 and a 200 day simple moving average of $102.68. 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 market capitalization of $24.25 billion, a price-to-earnings ratio of 42.25, a P/E/G ratio of 3.95 and a beta of 0.51.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 19.28% and a net margin of 9.52%. Church & Dwight's quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the business earned $0.96 EPS. Equities research analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Thursday, May 15th. Church & Dwight's 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.