Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Portland Global Advisors LLC

Portland Global Advisors LLC reduced its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 67,324 shares of the company’s stock after selling 106 shares during the period. Portland Global Advisors LLC’s holdings in Church & Dwight were worth $7,049,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. YANKCOM Partnership acquired a new stake in shares of Church & Dwight in the fourth quarter valued at about $25,000. Versant Capital Management Inc increased its holdings in Church & Dwight by 224.4% in the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock valued at $28,000 after buying an additional 184 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Church & Dwight during the 4th quarter worth approximately $39,000. Bank of Jackson Hole Trust acquired a new position in Church & Dwight during the fourth quarter worth $43,000. Finally, Golden State Wealth Management LLC acquired a new position in Church & Dwight during the fourth quarter worth about $51,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Piper Sandler cut their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Truist Financial raised their target price on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Stifel Nicolaus raised their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut their price objective on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Finally, Barclays lifted their price target on shares of Church & Dwight from $93.00 to $97.00 and gave the company an “underweight” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $111.81.

Church & Dwight Stock Performance

CHD opened at $109.14 on Friday. The firm has a market capitalization of $26.86 billion, a PE ratio of 46.05, a PEG 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 Co., Inc. has a 52-week low of $96.35 and a 52-week high of $116.46. The business’s 50-day simple moving average is $107.65 and its 200 day simple moving average is $105.93.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, meeting 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 period in the previous year, the company posted $0.65 EPS. As a group, sell-side analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Friday, February 14th. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio (DPR) is 49.79%.

Insider Buying and Selling

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the company’s stock in a transaction on Monday, March 10th. The stock was 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 $1,217,442.06. This represents a 83.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total value of $1,216,378.80. Following the completion of the transaction, the executive vice president now owns 6,437 shares of the company’s stock, valued at approximately $707,941.26. This trade represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 65,570 shares of company stock valued at $7,538,449 over the last 90 days. 2.00% of the stock is owned by insiders.

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.