Toronto Dominion Bank Trims Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Toronto Dominion Bank reduced its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 37.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 quarter.

Several other large investors have also added to or reduced their stakes in the stock. YANKCOM Partnership purchased a new stake in Church & Dwight during the fourth quarter valued at about $25,000. Bernard Wealth Management Corp. bought a new stake in Church & Dwight during the 4th quarter valued at $40,000. Bank of Jackson Hole Trust purchased a new stake in Church & Dwight during the 4th quarter valued at $43,000. Banque Transatlantique SA bought a new stake in Church & Dwight in the 4th quarter worth $46,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Church & Dwight in the fourth quarter valued at about $51,000. Institutional investors own 86.60% of the company's stock.

Insider Activity

In related news, EVP Maynadier Patrick D. De sold 54,510 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the sale, the executive vice president now owns 10,497 shares in the company, valued at approximately $1,217,442.06. The trade was a 83.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard A. Dierker purchased 7,950 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average cost of $94.66 per share, for a total transaction of $752,547.00. Following the purchase, the chief executive officer now owns 16,358 shares of the company's stock, valued at $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 109,765 shares of company stock worth $11,821,881 over the last ninety days. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

CHD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered 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 boosted their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Royal Bank of Canada raised shares of Church & Dwight from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $100.00 to $114.00 in a research note on Monday. Stifel Nicolaus increased their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a "hold" rating in a research note on Monday, February 3rd. Finally, Wall Street Zen cut Church & Dwight from a "hold" rating to a "sell" rating in a research report on Tuesday, May 20th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $110.00.

Church & Dwight Stock Performance

Shares of Church & Dwight stock traded up $0.55 on Tuesday, hitting $99.59. 3,754,059 shares of the company's stock were exchanged, compared to its average volume of 1,697,874. Church & Dwight Co., Inc. has a 1 year low of $90.99 and a 1 year high of $116.46. The company has a 50-day simple moving average of $99.75 and a 200-day simple moving average of $104.61. 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 stock has a market capitalization of $24.53 billion, a PE ratio of 42.02, a PEG ratio of 3.32 and a beta of 0.55.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.02. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The company's revenue for the quarter was down 2.4% on a year-over-year basis. As a group, equities 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 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 yield of 1.18%. Church & Dwight's dividend payout ratio is presently 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.