Envestnet Asset Management Inc. Sells 58,907 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Envestnet Asset Management Inc. decreased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 20.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 233,626 shares of the company’s stock after selling 58,907 shares during the period. Envestnet Asset Management Inc. owned approximately 0.09% of Church & Dwight worth $25,720,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CHD. IAG Wealth Partners LLC increased its position in shares of Church & Dwight by 92.9% in the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares during the period. Bernard Wealth Management Corp. bought a new position in Church & Dwight in the fourth quarter valued at about $40,000. Wayfinding Financial LLC bought a new position in Church & Dwight in the first quarter valued at about $40,000. Versant Capital Management Inc grew its position in Church & Dwight by 42.1% in the first quarter. Versant Capital Management Inc now owns 378 shares of the company’s stock valued at $42,000 after acquiring an additional 112 shares during the last quarter. Finally, Banque Transatlantique SA bought a new position in Church & Dwight in the fourth quarter valued at about $46,000. Institutional investors own 86.60% of the company’s stock.

Analyst Ratings Changes

CHD has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Church & Dwight from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. Wells Fargo & Company lifted their price target on Church & Dwight from $105.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, July 9th. TD Cowen lowered Church & Dwight from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a research note on Tuesday, May 6th. Redburn Partners set a $83.00 price objective on Church & Dwight in a research note on Monday. Finally, Evercore ISI cut their price objective on Church & Dwight from $106.00 to $102.00 and set an “in-line” rating on the stock in a research note on Friday, May 2nd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Church & Dwight has an average rating of “Hold” and an average price target of $104.38.

Insider Transactions at Church & Dwight

In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $99.00, for a total value of $1,451,340.00. Following the completion of the sale, the director owned 13,747 shares in the company, valued at approximately $1,360,953. The trade was a 51.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Penry W. Price sold 14,660 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $93.13, for a total value of $1,365,285.80. Following the transaction, the director directly owned 27,043 shares in the company, valued at $2,518,514.59. This trade represents a 35.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,575 shares of company stock valued at $4,910,586. Insiders own 1.20% of the company’s stock.

Church & Dwight Trading Down 1.6%

Shares of CHD opened at $95.53 on Wednesday. The business has a 50-day moving average of $96.80 and a 200 day moving average of $102.38. Church & Dwight Co., Inc. has a fifty-two week low of $90.99 and a fifty-two week high of $116.46. The firm has a market cap of $23.53 billion, a P/E ratio of 41.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.51. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.43 and a current ratio of 1.95.

Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, May 1st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.52 billion. Church & Dwight had a return on equity of 19.28% and a net margin of 9.52%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. As a group, research analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were given a $0.295 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.18 annualized dividend and a yield of 1.24%. Church & Dwight’s payout ratio is currently 50.64%.

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.