Bowen Hanes & Co. Inc. Sells 9,800 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Bowen Hanes & Co. Inc. cut its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 479,804 shares of the company’s stock after selling 9,800 shares during the quarter. Bowen Hanes & Co. Inc. owned approximately 0.20% of Church & Dwight worth $50,240,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. YANKCOM Partnership bought a new stake in Church & Dwight during the fourth quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Church & Dwight during the 3rd quarter worth approximately $28,000. Versant Capital Management Inc raised its stake in shares of Church & Dwight by 224.4% during the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 184 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Church & Dwight in the 4th quarter valued at approximately $39,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Church & Dwight in the fourth quarter valued at $43,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $106.11, for a total transaction of $1,061,100.00. Following the sale, the director now owns 32,500 shares in the company, valued at approximately $3,448,575. This trade represents a 23.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the transaction, the executive vice president now owns 10,497 shares of the company’s stock, valued at approximately $1,217,442.06. This represents a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,510 shares of company stock worth $7,383,170. Company insiders own 1.40% of the company’s stock.

Church & Dwight Stock Performance

NYSE CHD opened at $109.04 on Thursday. The firm has a 50-day moving average price of $106.64 and a two-hundred day moving average price of $105.57. Church & Dwight Co., Inc. has a 12-month low of $96.35 and a 12-month high of $116.46. The company has a market capitalization of $26.82 billion, a P/E ratio of 46.01, a P/E/G ratio of 3.32 and a beta of 0.57. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51.

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

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors 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 dividend on an annualized basis and a dividend yield of 1.08%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio (DPR) is presently 49.79%.

Wall Street Analyst Weigh In

CHD has been the subject of a number of recent analyst reports. Piper Sandler cut their price target on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their target price on shares of Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Royal Bank of Canada reiterated a “sector perform” rating and set a $105.00 price target on shares of Church & Dwight in a report on Monday, February 3rd. Stifel Nicolaus upped 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, Truist Financial lifted their target price on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Church & Dwight presently has an average rating of “Hold” and an average target price of $111.56.

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.