Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina cut its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 165,124 shares of the company’s stock after selling 2,760 shares during the period. Treasurer of the State of North Carolina’s holdings in Church & Dwight were worth $17,290,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CHD. Lake Street Advisors Group LLC boosted its holdings in Church & Dwight by 3.7% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,692 shares of the company’s stock worth $282,000 after buying an additional 97 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Church & Dwight by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,005 shares of the company’s stock valued at $2,199,000 after acquiring an additional 103 shares during the period. Whittier Trust Co. lifted its position in shares of Church & Dwight by 3.2% during the 4th quarter. Whittier Trust Co. now owns 3,295 shares of the company’s stock valued at $345,000 after acquiring an additional 103 shares during the period. HCR Wealth Advisors boosted its stake in shares of Church & Dwight by 0.9% during the 4th quarter. HCR Wealth Advisors now owns 11,754 shares of the company’s stock worth $1,231,000 after acquiring an additional 106 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its holdings in shares of Church & Dwight by 0.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 12,124 shares of the company’s stock worth $1,270,000 after acquiring an additional 110 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on CHD shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $105.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. Piper Sandler decreased their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Wells Fargo & Company raised their target price on shares of Church & Dwight from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, April 2nd. Truist Financial upped their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Church & Dwight from $106.00 to $98.00 and set an “underweight” rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Church & Dwight currently has an average rating of “Hold” and an average price target of $111.44.

Insider Buying and Selling

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 10,497 shares of the company’s stock, valued at $1,217,442.06. The trade was a 83.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Rene Hemsey sold 11,060 shares of the stock in a transaction on Wednesday, March 12th. The stock was 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 directly owns 6,437 shares in the company, valued at $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. Over the last quarter, insiders sold 65,570 shares of company stock valued at $7,538,449. Insiders own 2.00% of the company’s stock.

Church & Dwight Trading Up 0.5 %

Shares of Church & Dwight stock opened at $104.24 on Friday. Church & Dwight Co., Inc. has a fifty-two week low of $96.35 and a fifty-two week high of $116.46. The business’s fifty day moving average is $107.28 and its two-hundred day moving average is $106.07. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. The firm has a market cap of $25.65 billion, a PE ratio of 43.98, a P/E/G ratio of 3.32 and a beta of 0.55.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, hitting 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 quarter in the prior year, the firm earned $0.65 EPS. 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 announced 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 1.13%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight’s payout ratio is presently 49.79%.

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 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.