Toronto Dominion Bank Cuts Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Toronto Dominion Bank decreased its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 37.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 82,651 shares of the company's stock after selling 48,664 shares during the quarter. Toronto Dominion Bank's holdings in Church & Dwight were worth $8,654,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CHD. YANKCOM Partnership acquired a new position in shares of Church & Dwight during the 4th quarter worth approximately $25,000. Bernard Wealth Management Corp. purchased a new stake in Church & Dwight in the 4th quarter worth $40,000. Bank of Jackson Hole Trust acquired a new position in Church & Dwight during the fourth quarter worth $43,000. Banque Transatlantique SA purchased a new position in Church & Dwight during the fourth quarter valued at $46,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Church & Dwight in the fourth quarter valued at about $51,000. Hedge funds and other institutional investors own 86.60% of the company's stock.

Insiders Place Their Bets

In related news, EVP Maynadier Patrick D. De sold 54,510 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the completion of the transaction, the executive vice president now owns 10,497 shares of the company's stock, valued at approximately $1,217,442.06. This trade represents a 83.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard A. Dierker bought 7,950 shares of the business's stock in a transaction on 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 transaction, the chief executive officer now owns 16,358 shares of the company's stock, valued at $1,548,448.28. This trade represents a 94.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 80,230 shares of company stock valued at $8,903,734 over the last quarter. 2.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CHD has been the subject of a number of research reports. Wall Street Zen cut shares of Church & Dwight from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. Truist Financial boosted their price objective on Church & Dwight from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a report on Friday, April 11th. Royal Bank of Canada lowered their price target on Church & Dwight from $105.00 to $100.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Finally, Barclays dropped their price target on Church & Dwight from $94.00 to $84.00 and set an "underweight" rating for the company in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $109.13.

Church & Dwight Trading Up 0.8%

Shares of NYSE CHD traded up $0.79 during trading on Monday, hitting $96.00. 1,816,045 shares of the company were exchanged, compared to its average volume of 1,664,138. The company has a fifty day moving average price of $101.01 and a 200-day moving average price of $105.06. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. The firm has a market capitalization of $23.64 billion, a PE ratio of 40.51, a P/E/G ratio of 3.32 and a beta of 0.55. 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 earnings results on Thursday, May 1st. The company reported $0.91 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 the consensus estimate of $1.52 billion. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. Church & Dwight's quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 earnings per share. As a group, equities research analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be given a $0.295 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.18 annualized dividend and a yield of 1.23%. Church & Dwight's payout ratio 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.