Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Hemenway Trust Co LLC

Hemenway Trust Co LLC lessened its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 15.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,811 shares of the company’s stock after selling 3,773 shares during the period. Hemenway Trust Co LLC’s holdings in Church & Dwight were worth $2,171,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Church & Dwight by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock valued at $2,861,865,000 after acquiring an additional 354,946 shares during the period. Capital International Investors raised its stake in shares of Church & Dwight by 39.2% in the 4th quarter. Capital International Investors now owns 9,004,713 shares of the company’s stock valued at $851,414,000 after acquiring an additional 2,533,877 shares during the period. Morgan Stanley raised its stake in shares of Church & Dwight by 1.9% in the 3rd quarter. Morgan Stanley now owns 3,291,982 shares of the company’s stock valued at $301,645,000 after acquiring an additional 61,090 shares during the period. Norges Bank purchased a new position in shares of Church & Dwight in the 4th quarter valued at $259,967,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Church & Dwight by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,349,676 shares of the company’s stock worth $127,625,000 after buying an additional 25,034 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $107.67, for a total transaction of $2,153,400.00. Following the completion of the transaction, the director now directly owns 13,793 shares of the company’s stock, valued at approximately $1,485,092.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Church & Dwight news, EVP Maynadier Patrick D. De sold 54,654 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $107.00, for a total transaction of $5,847,978.00. Following the sale, the executive vice president now directly owns 10,325 shares in the company, valued at approximately $1,104,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ravichandra Krishnamu Saligram sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $107.67, for a total transaction of $2,153,400.00. Following the sale, the director now owns 13,793 shares in the company, valued at $1,485,092.31. The disclosure for this sale can be found here. Insiders sold 182,346 shares of company stock valued at $19,465,948 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CHD shares. BNP Paribas started coverage on shares of Church & Dwight in a research note on Monday, June 24th. They set a “neutral” rating and a $114.00 price target on the stock. Oppenheimer lifted their price target on shares of Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Barclays dropped their price target on shares of Church & Dwight from $83.00 to $82.00 and set an “underweight” rating on the stock in a research note on Monday, May 6th. Argus lifted their price target on shares of Church & Dwight from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Finally, Truist Financial lifted their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Church & Dwight has an average rating of “Hold” and an average price target of $106.65.

Church & Dwight Stock Performance

Shares of NYSE CHD traded down $1.10 during midday trading on Thursday, hitting $103.75. The company’s stock had a trading volume of 1,894,463 shares, compared to its average volume of 1,314,893. Church & Dwight Co., Inc. has a 1-year low of $82.25 and a 1-year high of $110.31. The firm’s fifty day moving average price is $106.51 and its 200-day moving average price is $102.69. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 1.33. The firm has a market cap of $25.37 billion, a P/E ratio of 32.94, a P/E/G ratio of 3.44 and a beta of 0.52.

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

Church & Dwight Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Tuesday, May 14th. Church & Dwight’s payout ratio is 35.87%.

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.