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

Bath Savings Trust Co trimmed its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 6.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 199,702 shares of the company’s stock after selling 13,415 shares during the quarter. Church & Dwight comprises about 2.1% of Bath Savings Trust Co’s investment portfolio, making the stock its 12th largest holding. Bath Savings Trust Co’s holdings in Church & Dwight were worth $20,911,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP purchased a new stake in Church & Dwight in the 3rd quarter valued at $27,000. Ashton Thomas Securities LLC acquired a new position in Church & Dwight in the 3rd quarter valued at about $28,000. Versant Capital Management Inc raised its stake in Church & Dwight by 224.4% during the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock valued at $28,000 after acquiring an additional 184 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Church & Dwight during the 2nd quarter worth approximately $33,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Church & Dwight in the 2nd quarter valued at approximately $38,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 45,120 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $112.19, for a total transaction of $5,062,012.80. Following the completion of the sale, the executive vice president now owns 10,325 shares of the company’s stock, valued at approximately $1,158,361.75. The trade was a 81.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Read acquired 1,100 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was purchased at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the completion of the acquisition, the executive vice president now owns 2,505 shares in the company, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 593,035 shares of company stock valued at $62,282,808 over the last quarter. Company insiders own 1.40% of the company’s stock.

Church & Dwight Trading Up 1.0 %

NYSE CHD traded up $1.05 during mid-day trading on Tuesday, reaching $102.72. 495,440 shares of the stock were exchanged, compared to its average volume of 1,079,158. The business’s fifty day simple moving average is $106.73 and its 200 day simple moving average is $104.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. The stock has a market capitalization of $25.17 billion, a PE ratio of 46.06, a PEG ratio of 3.86 and a beta of 0.58. Church & Dwight Co., Inc. has a 1-year low of $93.45 and a 1-year high of $113.50.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, November 1st. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the firm posted $0.74 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, research analysts anticipate that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors 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 dividend on an annualized basis and a yield of 1.10%. Church & Dwight’s payout ratio is 50.67%.

Analyst Ratings Changes

CHD has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price target on Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. Morgan Stanley cut shares of Church & Dwight from an “overweight” rating to an “equal weight” rating and set a $110.00 target price for the company. in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, November 4th. TD Cowen increased their target price on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Piper Sandler lifted their price target on Church & Dwight from $124.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Church & Dwight has an average rating of “Hold” and a consensus target price of $110.00.

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.