Dividend Assets Capital LLC Sells 981 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Dividend Assets Capital LLC reduced its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,181 shares of the company’s stock after selling 981 shares during the quarter. Dividend Assets Capital LLC’s holdings in Church & Dwight were worth $4,521,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CHD. YANKCOM Partnership bought a new stake in Church & Dwight during the fourth quarter valued at approximately $25,000. Capital Performance Advisors LLP purchased a new position in shares of Church & Dwight during the 3rd quarter worth $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Church & Dwight during the 3rd quarter valued at $28,000. Versant Capital Management Inc increased its stake in shares of Church & Dwight by 224.4% in the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 184 shares in the last quarter. Finally, Bank of Jackson Hole Trust bought a new position in Church & Dwight in the 4th quarter worth $43,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Trading Up 0.9 %

Shares of Church & Dwight stock opened at $105.40 on Friday. Church & Dwight Co., Inc. has a twelve month low of $96.35 and a twelve month high of $113.50. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average price of $105.36 and a 200-day moving average price of $104.66. The firm has a market cap of $25.93 billion, a price-to-earnings ratio of 44.47, a PEG ratio of 3.32 and a beta of 0.59.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting 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 last year, the firm earned $0.65 earnings per share. Equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $0.295 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.12%. Church & Dwight’s dividend payout ratio (DPR) is 49.79%.

Insider Buying and Selling

In related news, EVP Michael Read acquired 1,100 shares of Church & Dwight stock in a transaction on Monday, December 16th. The shares were bought at an average cost of $106.82 per share, with a total value of $117,502.00. Following the completion of the purchase, the executive vice president now directly owns 2,505 shares of the company’s stock, valued at $267,584.10. The trade was a 78.29 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $106.11, for a total value of $1,061,100.00. Following the sale, the director now owns 32,500 shares in the company, valued at approximately $3,448,575. This trade represents a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,522 shares of company stock worth $5,487,555. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CHD. Piper Sandler cut their price target on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $105.00 price objective on shares of Church & Dwight in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Stifel Nicolaus lifted their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a report on Monday, February 3rd. Finally, TD Cowen increased their price objective on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $111.47.

Church & Dwight Profile

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.