Blue Trust Inc. Sells 1,814 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Blue Trust Inc. lessened its position in Church & Dwight Co., Inc. (NYSE:CHD) by 2.6% in the 4th quarter, Holdings Channel reports. The firm owned 69,209 shares of the company’s stock after selling 1,814 shares during the period. Blue Trust Inc.’s holdings in Church & Dwight were worth $7,247,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. State Street Corp increased its position in shares of Church & Dwight by 8.0% during the third quarter. State Street Corp now owns 13,116,334 shares of the company’s stock worth $1,373,542,000 after acquiring an additional 969,006 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Church & Dwight by 5.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock worth $839,472,000 after acquiring an additional 429,863 shares in the last quarter. Stifel Financial Corp increased its position in shares of Church & Dwight by 0.5% during the third quarter. Stifel Financial Corp now owns 4,295,527 shares of the company’s stock worth $449,830,000 after acquiring an additional 21,607 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Church & Dwight by 5.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock worth $351,668,000 after acquiring an additional 175,221 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Church & Dwight by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,399,502 shares of the company’s stock worth $146,556,000 after acquiring an additional 16,257 shares in the last quarter. Institutional investors own 86.60% of the company’s stock.

Insider Transactions at Church & Dwight

In other news, EVP Rick Spann sold 39,520 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $112.00, for a total transaction of $4,426,240.00. Following the completion of the sale, the executive vice president now owns 4,973 shares in the company, valued at approximately $556,976. This trade represents a 88.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Michael Read purchased 1,100 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of $106.82 per share, for a total transaction of $117,502.00. Following the completion of the transaction, the executive vice president now owns 2,505 shares of the company’s stock, valued at $267,584.10. This trade represents a 78.29 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 102,422 shares of company stock worth $11,424,351. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CHD. JPMorgan Chase & Co. increased their price objective on shares of Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company increased their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Truist Financial increased their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating and set a $105.00 target price on shares of Church & Dwight in a report on Monday, February 3rd. Finally, TD Cowen increased their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Church & Dwight presently has a consensus rating of “Hold” and an average price target of $111.53.

Church & Dwight Stock Performance

Shares of CHD stock opened at $105.12 on Friday. The stock has a market cap of $25.75 billion, a P/E ratio of 44.36, a P/E/G ratio of 3.35 and a beta of 0.59. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The company has a fifty day moving average price of $105.52 and a two-hundred day moving average price of $104.48. Church & Dwight Co., Inc. has a one year low of $96.35 and a one year high of $113.50.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same period in the previous year, the company earned $0.65 earnings per share. As a group, equities analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio (DPR) is currently 47.68%.

Church & Dwight 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, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.