Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its position in Church & Dwight Co., Inc. (NYSE:CHD) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,734 shares of the company’s stock after selling 18,072 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Church & Dwight were worth $23,532,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Church & Dwight by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 30,691,064 shares of the company’s stock worth $3,213,661,000 after purchasing an additional 193,602 shares in the last quarter. State Street Corp raised its stake in shares of Church & Dwight by 8.0% during the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company’s stock worth $1,373,542,000 after buying an additional 969,006 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Church & Dwight by 0.5% in the 3rd quarter. Stifel Financial Corp now owns 4,295,527 shares of the company’s stock worth $449,830,000 after buying an additional 21,607 shares in the last quarter. Amundi boosted its position in shares of Church & Dwight by 13.7% in the 4th quarter. Amundi now owns 1,833,603 shares of the company’s stock worth $188,073,000 after buying an additional 220,829 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Church & Dwight by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,448,584 shares of the company’s stock valued at $151,681,000 after acquiring an additional 49,082 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CHD shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $105.00 price target on shares of Church & Dwight in a report on Monday, February 3rd. Piper Sandler reduced their target price on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Truist Financial raised their price target on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Stifel Nicolaus increased their price objective on Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research note on Monday, February 3rd. Finally, Barclays increased their price objective on Church & Dwight from $93.00 to $97.00 and gave the company an “underweight” rating in a research note on Thursday. Two equities 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $111.81.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight 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 value of $6,322,069.80. Following the completion of the sale, the executive vice president now owns 10,497 shares of the company’s stock, valued at $1,217,442.06. This trade represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the sale, the executive vice president now owns 6,437 shares in the company, valued at $707,941.26. This represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,570 shares of company stock valued at $7,538,449 over the last three months. 2.00% of the stock is owned by company insiders.

Church & Dwight Price Performance

CHD opened at $108.50 on Friday. Church & Dwight Co., Inc. has a 1 year low of $96.35 and a 1 year high of $116.46. The company’s 50 day simple moving average is $107.60 and its 200 day simple moving average is $105.91. The stock has a market capitalization of $26.70 billion, a PE ratio of 45.78, a P/E/G ratio of 3.32 and a beta of 0.57. 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) last announced its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share 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 last year, the firm posted $0.65 EPS. As a group, sell-side analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a $0.295 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.18 annualized dividend and a dividend yield of 1.09%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio is presently 49.79%.

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.