Elk River Wealth Management LLC Sells 297 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Elk River Wealth Management LLC trimmed its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 0.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 34,882 shares of the company’s stock after selling 297 shares during the quarter. Elk River Wealth Management LLC’s holdings in Church & Dwight were worth $3,652,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. YANKCOM Partnership bought a new stake in shares of Church & Dwight in the 4th quarter worth approximately $25,000. Capital Performance Advisors LLP bought a new stake in shares of Church & Dwight in the 3rd quarter worth approximately $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Church & Dwight in the 3rd quarter worth approximately $28,000. Versant Capital Management Inc lifted its holdings 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 acquiring an additional 184 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in Church & Dwight during the 4th quarter valued at $39,000. 86.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, CAO Joseph James Longo sold 7,780 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $112.44, for a total transaction of $874,783.20. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rick Spann sold 39,520 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $112.00, for a total transaction of $4,426,240.00. Following the transaction, the executive vice president now owns 4,973 shares in the company, valued at $556,976. This represents a 88.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,302 shares of company stock worth $6,362,338. Company insiders own 2.00% of the company’s stock.

Church & Dwight Stock Performance

Shares of CHD stock opened at $104.33 on Thursday. Church & Dwight Co., Inc. has a one year low of $96.35 and a one year high of $113.50. The company’s 50-day moving average is $105.40 and its 200 day moving average is $104.66. The company has a market capitalization of $25.66 billion, a price-to-earnings ratio of 44.02, a price-to-earnings-growth ratio of 3.30 and a beta of 0.59. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70.

Church & Dwight (NYSE:CHD) last announced 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 business posted $0.65 EPS. Sell-side analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.295 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.18 annualized dividend and a yield of 1.13%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio is currently 49.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CHD shares. Piper Sandler lowered their price target on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Barclays boosted their price objective on shares of Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price objective on shares of Church & Dwight from $99.00 to $107.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company boosted their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $111.53.

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.