Northeast Investment Management Sells 3,166 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Northeast Investment Management trimmed its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 4.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 71,321 shares of the company’s stock after selling 3,166 shares during the period. Northeast Investment Management’s holdings in Church & Dwight were worth $7,468,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Diversified Trust Co purchased a new position in shares of Church & Dwight during the third quarter valued at approximately $278,000. Wedmont Private Capital raised its position in shares of Church & Dwight by 9.7% in the 3rd quarter. Wedmont Private Capital now owns 4,514 shares of the company’s stock worth $447,000 after purchasing an additional 401 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in Church & Dwight by 276.2% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,577 shares of the company’s stock valued at $270,000 after purchasing an additional 1,892 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Church & Dwight by 88.2% during the third quarter. Exchange Traded Concepts LLC now owns 12,072 shares of the company’s stock valued at $1,264,000 after buying an additional 5,659 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its position in Church & Dwight by 5.2% in the 3rd quarter. Koshinski Asset Management Inc. now owns 8,309 shares of the company’s stock valued at $870,000 after acquiring an additional 407 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Price Performance

Shares of CHD stock opened at $105.05 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $25.74 billion, a price-to-earnings ratio of 44.32, a P/E/G ratio of 3.35 and a beta of 0.59. Church & Dwight Co., Inc. has a twelve month low of $96.09 and a twelve month high of $113.50. The stock has a fifty day simple moving average of $105.87 and a two-hundred day simple moving average of $104.33.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same quarter in the previous year, the company posted $0.65 earnings per share. On average, analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.12%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, February 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 47.68%.

Wall Street Analysts Forecast Growth

CHD has been the subject of a number of recent analyst reports. TD Cowen boosted their target price on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Truist Financial upped their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Barclays upped their target price on shares of Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a report on Tuesday, February 4th. Piper Sandler cut their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $105.00 price target on shares of Church & Dwight in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $111.53.

Insider Transactions at Church & Dwight

In other news, CAO Joseph James Longo sold 7,780 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $112.44, for a total value of $874,783.20. Following the completion of the sale, the chief accounting officer now directly owns 400 shares in the company, valued at $44,976. The trade was a 95.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bradley C. Irwin sold 13,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $107.44, for a total value of $1,418,208.00. Following the completion of the sale, the director now owns 37,169 shares of the company’s stock, valued at $3,993,437.36. This trade represents a 26.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 115,622 shares of company stock worth $12,842,559 over the last three months. 2.00% of the stock is currently owned by insiders.

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.