Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,097 shares of the company’s stock after selling 3,581 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Church & Dwight were worth $9,853,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its position in Church & Dwight by 5.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 28,628 shares of the company’s stock worth $2,969,000 after acquiring an additional 1,529 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of Church & Dwight by 69.7% during the second quarter. Public Sector Pension Investment Board now owns 9,448 shares of the company’s stock valued at $980,000 after acquiring an additional 3,882 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Church & Dwight during the second quarter valued at about $50,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Church & Dwight during the second quarter worth about $33,000. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of Church & Dwight by 55.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 241,801 shares of the company’s stock worth $25,070,000 after acquiring an additional 86,318 shares in the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Piper Sandler raised their price objective on Church & Dwight from $124.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. TD Cowen raised their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Barclays increased their price target on shares of Church & Dwight from $85.00 to $90.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. Stifel Nicolaus lowered their price objective on Church & Dwight from $105.00 to $103.00 and set a “hold” rating for the company in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. increased their target price on Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $110.61.

Insider Activity at Church & Dwight

In other news, CAO Joseph James Longo sold 7,780 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $112.44, for a total transaction of $874,783.20. Following the completion of the sale, the chief accounting officer now owns 400 shares in the company, valued at approximately $44,976. This represents a 95.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew Farrell sold 165,823 shares of Church & Dwight stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.03, for a total value of $17,084,743.69. Following the completion of the transaction, the chief executive officer now owns 112,719 shares in the company, valued at $11,613,438.57. The trade was a 59.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 593,035 shares of company stock valued at $62,282,808 over the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Stock Performance

Shares of CHD opened at $108.44 on Monday. The firm has a market capitalization of $26.57 billion, a PE ratio of 48.61, a P/E/G ratio of 3.29 and a beta of 0.58. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $106.71 and a 200 day moving average price of $104.07. Church & Dwight Co., Inc. has a 52-week low of $96.09 and a 52-week high of $113.50.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the firm posted $0.74 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. On average, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a $0.2838 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.05%. Church & Dwight’s dividend payout ratio (DPR) is 50.67%.

About Church & Dwight

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, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.