Church & Dwight Co., Inc. (NYSE:CHD) Position Lowered by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. decreased its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 695,420 shares of the company’s stock after selling 6,796 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Church & Dwight were worth $65,759,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CHD. Chilton Capital Management LLC lifted its position in shares of Church & Dwight by 50.0% during the fourth quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock worth $31,000 after purchasing an additional 110 shares during the last quarter. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Church & Dwight during the third quarter worth about $38,000. PSI Advisors LLC bought a new position in shares of Church & Dwight during the third quarter worth about $39,000. Money Concepts Capital Corp lifted its position in shares of Church & Dwight by 468.2% during the fourth quarter. Money Concepts Capital Corp now owns 625 shares of the company’s stock worth $50,000 after purchasing an additional 515 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new position in shares of Church & Dwight during the fourth quarter worth about $62,000. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Performance

CHD opened at $103.20 on Friday. Church & Dwight Co., Inc. has a twelve month low of $82.25 and a twelve month high of $105.67. The company has a current ratio of 1.08, a quick ratio of 0.64 and a debt-to-equity ratio of 0.57. The stock has a market cap of $25.17 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 3.43 and a beta of 0.53. The business’s 50 day moving average is $101.90 and its 200-day moving average is $96.41.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, February 2nd. The company reported $0.65 EPS for the quarter, meeting analysts’ consensus estimates of $0.65. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business earned $0.62 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts predict that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current year.

Church & Dwight Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were paid a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Wednesday, February 14th. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.27. Church & Dwight’s dividend payout ratio (DPR) is currently 37.17%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Argus raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Friday, February 23rd. Truist Financial raised their target price on shares of Church & Dwight from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Oppenheimer raised their target price on shares of Church & Dwight from $107.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Barclays raised their target price on shares of Church & Dwight from $80.00 to $83.00 and gave the stock an “underweight” rating in a report on Friday, April 12th. Finally, UBS Group raised their target price on shares of Church & Dwight from $99.00 to $105.00 and gave the stock a “neutral” rating in a report on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $103.27.

Insider Activity at Church & Dwight

In related news, EVP Rene Hemsey sold 9,280 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total transaction of $930,041.60. Following the transaction, the executive vice president now owns 6,373 shares in the company, valued at $638,702.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Church & Dwight news, EVP Barry A. Bruno sold 9,926 shares of Church & Dwight stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total value of $1,037,763.30. Following the transaction, the executive vice president now owns 4,319 shares in the company, valued at $451,551.45. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Rene Hemsey sold 9,280 shares of Church & Dwight stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $100.22, for a total transaction of $930,041.60. Following the completion of the transaction, the executive vice president now owns 6,373 shares in the company, valued at approximately $638,702.06. The disclosure for this sale can be found here. Insiders have sold 373,052 shares of company stock worth $38,603,796 over the last quarter. 2.00% of the stock is currently owned by company insiders.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.