Sky Investment Group LLC Decreases Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Sky Investment Group LLC cut its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 16.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,210 shares of the company's stock after selling 4,785 shares during the quarter. Sky Investment Group LLC's holdings in Church & Dwight were worth $2,665,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Lake Street Advisors Group LLC grew its stake in shares of Church & Dwight by 3.7% during the 4th quarter. Lake Street Advisors Group LLC now owns 2,692 shares of the company's stock valued at $282,000 after purchasing an additional 97 shares during the period. Advisory Alpha LLC grew its stake in shares of Church & Dwight by 3.7% during the 1st quarter. Advisory Alpha LLC now owns 2,707 shares of the company's stock valued at $298,000 after acquiring an additional 97 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Church & Dwight by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,005 shares of the company's stock valued at $2,199,000 after acquiring an additional 103 shares during the period. Whittier Trust Co. grew its stake in shares of Church & Dwight by 3.2% during the 4th quarter. Whittier Trust Co. now owns 3,295 shares of the company's stock valued at $345,000 after acquiring an additional 103 shares during the period. Finally, Atria Wealth Solutions Inc. grew its stake in shares of Church & Dwight by 0.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 12,124 shares of the company's stock valued at $1,270,000 after acquiring an additional 110 shares during the period. 86.60% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Church & Dwight

In related news, EVP Michael Read purchased 3,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average price of $92.07 per share, for a total transaction of $276,210.00. Following the acquisition, the executive vice president now owns 5,505 shares of the company's stock, valued at approximately $506,845.35. This 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, EVP Carlen Hooker sold 11,875 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $98.75, for a total value of $1,172,656.25. Following the sale, the executive vice president now owns 262 shares in the company, valued at $25,872.50. The trade was a 97.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,195 shares of company stock valued at $4,283,432 in the last ninety days. Corporate insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CHD shares. TD Cowen downgraded Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 price objective for the company. in a research note on Tuesday, May 6th. Royal Bank of Canada upgraded Church & Dwight from a "sector perform" rating to an "outperform" rating and boosted their price objective for the company from $100.00 to $114.00 in a research note on Monday, June 2nd. Wells Fargo & Company boosted their price objective on Church & Dwight from $115.00 to $120.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Truist Financial set a $110.00 price objective on Church & Dwight and gave the company a "buy" rating in a research note on Friday, June 6th. Finally, JPMorgan Chase & Co. lowered their price target on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating on the stock in a report on Friday, April 11th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $108.67.

Church & Dwight Price Performance

Shares of CHD traded up $0.69 during mid-day trading on Monday, hitting $97.78. 2,116,909 shares of the stock were exchanged, compared to its average volume of 1,724,523. The company has a market cap of $24.08 billion, a PE ratio of 41.26, a price-to-earnings-growth ratio of 3.32 and a beta of 0.52. Church & Dwight Co., Inc. has a 52-week low of $90.99 and a 52-week high of $116.46. The firm has a 50-day moving average of $98.33 and a two-hundred day moving average of $103.81. 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 issued its quarterly earnings data 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 return on equity of 20.03% and a net margin of 9.58%. The company's revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. On average, equities analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were issued a dividend of $0.295 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.18 annualized dividend and a dividend yield of 1.21%. Church & Dwight's dividend payout ratio (DPR) is 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.