Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Northeast Investment Management

Northeast Investment Management cut its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 4.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,360 shares of the company's stock after selling 2,961 shares during the period. Northeast Investment Management's holdings in Church & Dwight were worth $7,526,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CHD. Vanguard Group Inc. lifted its holdings in shares of Church & Dwight by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 30,691,064 shares of the company's stock worth $3,213,661,000 after purchasing an additional 193,602 shares during the period. JPMorgan Chase & Co. lifted its holdings in Church & Dwight by 19.4% in the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock valued at $768,157,000 after acquiring an additional 1,190,154 shares during the period. Geode Capital Management LLC lifted its holdings in Church & Dwight by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company's stock valued at $617,794,000 after acquiring an additional 148,234 shares during the period. Stifel Financial Corp lifted its holdings in Church & Dwight by 0.5% in the fourth quarter. Stifel Financial Corp now owns 4,316,414 shares of the company's stock valued at $451,975,000 after acquiring an additional 20,887 shares during the period. Finally, Norges Bank acquired a new stake in Church & Dwight in the fourth quarter valued at $318,532,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Morgan Stanley reduced their target price on Church & Dwight from $110.00 to $100.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. JPMorgan Chase & Co. dropped their price target on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a research report on Friday, April 11th. Truist Financial set a $110.00 price target on Church & Dwight and gave the company a "buy" rating in a research report on Friday, June 6th. Bank of America upgraded Church & Dwight from a "neutral" rating to a "buy" rating and raised their price target for the company from $112.00 to $125.00 in a research report on Tuesday, April 15th. Finally, Cowen cut Church & Dwight from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Church & Dwight presently has an average rating of "Hold" and a consensus price target of $108.67.

Church & Dwight Price Performance

Church & Dwight stock traded down $2.04 during midday trading on Friday, reaching $97.04. 2,096,941 shares of the company were exchanged, compared to its average volume of 1,722,944. The company has a market capitalization of $23.90 billion, a price-to-earnings ratio of 40.95, a P/E/G ratio of 3.32 and a beta of 0.52. The firm's 50-day simple moving average is $98.41 and its 200-day simple moving average is $103.94. Church & Dwight Co., Inc. has a 1 year low of $90.99 and a 1 year high of $116.46. 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 (NYSE:CHD - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.89 by $0.02. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.52 billion. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. The firm's revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 EPS. On average, analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current 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 issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, May 15th. Church & Dwight's dividend payout ratio (DPR) is 50.64%.

Insider Activity

In other news, EVP Michael Read acquired 3,000 shares of Church & Dwight stock in a transaction dated Friday, May 9th. The shares were acquired at an average cost 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 approximately $506,845.35. This trade represents a 119.76% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard A. Dierker acquired 7,950 shares of Church & Dwight stock in a transaction dated Tuesday, May 13th. The stock was purchased at an average cost of $94.66 per share, for a total transaction of $752,547.00. Following the completion of the purchase, the chief executive officer now directly owns 16,358 shares in the company, valued at approximately $1,548,448.28. This represents a 94.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 44,195 shares of company stock valued at $4,283,432 in the last three months. Corporate insiders own 1.20% of the company's stock.

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.