Congress Asset Management Co. MA Reduces Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Congress Asset Management Co. MA reduced its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,172,667 shares of the company’s stock after selling 40,777 shares during the quarter. Congress Asset Management Co. MA’s holdings in Church & Dwight were worth $110,887,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of CHD. Simplicity Solutions LLC increased its holdings in Church & Dwight by 69.5% during the 4th quarter. Simplicity Solutions LLC now owns 26,257 shares of the company’s stock worth $2,483,000 after purchasing an additional 10,762 shares during the last quarter. Crown Oak Advisors LLC purchased a new stake in Church & Dwight during the 4th quarter worth approximately $10,142,000. abrdn plc increased its holdings in Church & Dwight by 35.0% during the 4th quarter. abrdn plc now owns 281,416 shares of the company’s stock worth $26,611,000 after purchasing an additional 73,022 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Church & Dwight by 290.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 56,221 shares of the company’s stock worth $5,316,000 after purchasing an additional 41,804 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in Church & Dwight by 187.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 22,367 shares of the company’s stock worth $2,115,000 after purchasing an additional 14,579 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Church & Dwight Stock Performance

NYSE:CHD traded up $1.22 during midday trading on Friday, reaching $107.70. 1,313,048 shares of the company traded hands, compared to its average volume of 1,116,181. Church & Dwight Co., Inc. has a twelve month low of $82.25 and a twelve month high of $108.68. The firm has a market capitalization of $26.34 billion, a price-to-earnings ratio of 34.19, a price-to-earnings-growth ratio of 3.47 and a beta of 0.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.82. The company has a fifty day moving average price of $105.85 and a 200 day moving average price of $101.06.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts expect that Church & Dwight Co., Inc. will post 3.46 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were given a dividend of $0.2838 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.14 dividend on an annualized basis and a yield of 1.05%. Church & Dwight’s dividend payout ratio (DPR) is presently 35.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CHD shares. HSBC lifted their price objective on Church & Dwight from $110.00 to $114.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. dropped their price objective on Church & Dwight from $98.00 to $97.00 and set an “underweight” rating on the stock in a report on Friday, May 3rd. The Goldman Sachs Group began coverage on Church & Dwight in a report on Friday, March 1st. They issued a “buy” rating and a $110.00 price target for the company. Truist Financial boosted their price target on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, Argus boosted their price target on Church & Dwight from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Church & Dwight currently has an average rating of “Hold” and an average target price of $106.19.

Insiders Place Their Bets

In other Church & Dwight news, Director Penry W. Price sold 7,752 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $105.47, for a total transaction of $817,603.44. Following the completion of the transaction, the director now owns 25,692 shares in the company, valued at approximately $2,709,735.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Church & Dwight news, Director Penry W. Price sold 7,752 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $105.47, for a total transaction of $817,603.44. Following the completion of the transaction, the director now owns 25,692 shares in the company, valued at approximately $2,709,735.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ravichandra Krishnamu Saligram sold 20,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $107.67, for a total value of $2,153,400.00. Following the transaction, the director now owns 13,793 shares of the company’s stock, valued at approximately $1,485,092.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,952 shares of company stock worth $4,374,955. 2.00% of the stock is owned by company insiders.

Church & Dwight Profile

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.