Allspring Global Investments Holdings LLC Sells 179,979 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Allspring Global Investments Holdings LLC decreased its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,653,298 shares of the company's stock after selling 179,979 shares during the period. Church & Dwight comprises 0.6% of Allspring Global Investments Holdings LLC's portfolio, making the stock its 26th largest holding. Allspring Global Investments Holdings LLC owned about 1.48% of Church & Dwight worth $345,456,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its position in Church & Dwight by 290.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 56,221 shares of the company's stock valued at $5,316,000 after purchasing an additional 41,804 shares during the period. Schroder Investment Management Group raised its position in Church & Dwight by 1,474.7% in the third quarter. Schroder Investment Management Group now owns 233,318 shares of the company's stock worth $21,379,000 after acquiring an additional 218,501 shares during the period. Morgan Stanley raised its position in Church & Dwight by 1.9% in the third quarter. Morgan Stanley now owns 3,291,982 shares of the company's stock worth $301,645,000 after acquiring an additional 61,090 shares during the period. Aviva PLC raised its position in Church & Dwight by 1,018.1% in the third quarter. Aviva PLC now owns 103,935 shares of the company's stock worth $9,524,000 after acquiring an additional 94,639 shares during the period. Finally, Comerica Bank bought a new position in Church & Dwight in the second quarter worth approximately $142,130,000. Institutional investors own 86.60% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Stifel Nicolaus increased their price target on shares of Church & Dwight from $91.00 to $99.00 and gave the stock a "hold" rating in a research report on Monday, February 5th. Truist Financial increased their price target on shares of Church & Dwight from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, February 7th. The Goldman Sachs Group assumed coverage on shares of Church & Dwight in a research report on Friday, March 1st. They issued a "buy" rating and a $110.00 price target on the stock. Argus upgraded shares of Church & Dwight from a "hold" rating to a "buy" rating and set a $115.00 price target on the stock in a research report on Friday, February 23rd. Finally, UBS Group increased their price objective on shares of Church & Dwight from $99.00 to $105.00 and gave the stock a "neutral" rating in a research note on Monday, February 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Church & Dwight currently has an average rating of "Hold" and an average target price of $102.80.

Insiders Place Their Bets

In related news, EVP Barry A. Bruno sold 9,926 shares of the business's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total value of $1,037,763.30. Following the completion of the transaction, the executive vice president now directly owns 4,319 shares in the company, valued at approximately $451,551.45. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Church & Dwight news, CEO Matthew Farrell sold 275,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the completion of the transaction, the chief executive officer now owns 112,719 shares of the company's stock, valued at $11,703,613.77. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Barry A. Bruno sold 9,926 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the sale, the executive vice president now directly owns 4,319 shares in the company, valued at approximately $451,551.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 373,052 shares of company stock valued at $38,603,796. Insiders own 1.40% of the company's stock.

Church & Dwight Price Performance

CHD traded down $0.48 during trading on Monday, hitting $101.52. 1,092,640 shares of the company traded hands, compared to its average volume of 1,308,027. The company has a market cap of $24.76 billion, a PE ratio of 33.52, a P/E/G ratio of 3.51 and a beta of 0.53. The stock's 50-day simple moving average is $101.54 and its two-hundred day simple moving average is $95.88. Church & Dwight Co., Inc. has a 1 year low of $82.25 and a 1 year high of $105.67. The company has a current ratio of 1.08, a quick ratio of 0.64 and a debt-to-equity ratio of 0.57.

Church & Dwight (NYSE:CHD - Get Free Report) last released its earnings results on Friday, February 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.65. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business earned $0.62 EPS. The business's revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.43 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were given a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Wednesday, February 14th. This is an increase from Church & Dwight's previous quarterly dividend of $0.27. Church & Dwight's payout ratio is currently 37.17%.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.

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