Rhumbline Advisers Sells 10,913 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Rhumbline Advisers cut its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 423,188 shares of the company’s stock after selling 10,913 shares during the quarter. Rhumbline Advisers owned 0.17% of Church & Dwight worth $44,312,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Littlejohn Financial Services Inc. bought a new position in Church & Dwight in the 4th quarter valued at approximately $1,811,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Church & Dwight during the 4th quarter valued at $4,949,000. Certuity LLC bought a new position in shares of Church & Dwight during the 4th quarter valued at $402,000. Portfolio Design Labs LLC lifted its holdings in shares of Church & Dwight by 31.2% during the 4th quarter. Portfolio Design Labs LLC now owns 29,313 shares of the company’s stock valued at $3,069,000 after buying an additional 6,978 shares during the period. Finally, Sovran Advisors LLC bought a new position in shares of Church & Dwight during the 4th quarter valued at $423,000. 86.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CHD. Truist Financial increased their price target on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Piper Sandler reduced their price objective on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Stifel Nicolaus upped their price objective on Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research note on Monday, February 3rd. Barclays upped their price objective on Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. upped their price objective on Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Church & Dwight has a consensus rating of “Hold” and a consensus price target of $111.53.

Insider Activity at Church & Dwight

In other news, EVP Michael Read acquired 1,100 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was acquired at an average price 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 in the company, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maynadier Patrick D. De sold 45,120 shares of the firm’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 directly 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,422 shares of company stock valued at $11,424,351. Insiders own 2.00% of the company’s stock.

Church & Dwight Stock Down 2.2 %

CHD opened at $105.12 on Tuesday. The firm has a 50-day simple moving average of $105.48 and a two-hundred day simple moving average of $104.59. Church & Dwight Co., Inc. has a 52 week low of $96.35 and a 52 week high of $113.50. The company has a market capitalization of $25.75 billion, a PE ratio of 44.36, a price-to-earnings-growth ratio of 3.35 and a beta of 0.59. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently declared 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. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, February 14th. 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 presently 47.68%.

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.