Tobam Has $6.98 Million Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Tobam trimmed its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 46.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,673 shares of the company’s stock after selling 56,691 shares during the period. Church & Dwight comprises 2.2% of Tobam’s holdings, making the stock its 7th biggest holding. Tobam’s holdings in Church & Dwight were worth $6,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Amalgamated Bank increased its holdings in Church & Dwight by 0.8% during the third quarter. Amalgamated Bank now owns 50,056 shares of the company’s stock valued at $5,242,000 after buying an additional 394 shares during the period. Board of the Pension Protection Fund purchased a new position in shares of Church & Dwight in the 4th quarter valued at $639,000. Oddo BHF Asset Management Sas bought a new position in shares of Church & Dwight in the 3rd quarter worth $5,934,000. Citigroup Inc. lifted its stake in shares of Church & Dwight by 9.1% during the 3rd quarter. Citigroup Inc. now owns 337,738 shares of the company’s stock worth $35,368,000 after purchasing an additional 28,129 shares during the last quarter. Finally, Financial Enhancement Group LLC boosted its position in Church & Dwight by 456.2% during the fourth quarter. Financial Enhancement Group LLC now owns 60,585 shares of the company’s stock valued at $6,232,000 after purchasing an additional 49,693 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 45,120 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $112.19, for a total transaction of $5,062,012.80. Following the completion of the sale, the executive vice president now owns 10,325 shares of the company’s stock, valued at $1,158,361.75. This trade represents a 81.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Joseph James Longo sold 7,780 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $112.44, for a total value of $874,783.20. Following the sale, the chief accounting officer now directly owns 400 shares of the company’s stock, valued at $44,976. The trade was a 95.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 115,622 shares of company stock valued at $12,842,559 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CHD shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $105.00 target price on shares of Church & Dwight in a report on Monday. Truist Financial raised their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday. Barclays upped their price target on Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a research report on Tuesday. Wells Fargo & Company raised their price objective on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Finally, TD Cowen upped their target price on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $111.53.

Church & Dwight Price Performance

NYSE:CHD opened at $105.32 on Friday. Church & Dwight Co., Inc. has a 1-year low of $96.09 and a 1-year high of $113.50. 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 firm has a market cap of $25.80 billion, a price-to-earnings ratio of 44.44, a price-to-earnings-growth ratio of 3.28 and a beta of 0.59. The company has a 50 day moving average price of $106.07 and a 200-day moving average price of $104.30.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter in the previous year, the firm posted $0.65 EPS. Equities research analysts forecast 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 will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.295 dividend. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a yield of 1.12%. Church & Dwight’s dividend payout ratio is presently 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.