Carret Asset Management LLC Has $6.04 Million Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Carret Asset Management LLC trimmed its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,702 shares of the company’s stock after selling 400 shares during the quarter. Carret Asset Management LLC’s holdings in Church & Dwight were worth $6,042,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. YANKCOM Partnership acquired a new position in Church & Dwight during the 4th quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in Church & Dwight during the 3rd quarter worth approximately $28,000. Versant Capital Management Inc increased its position in Church & Dwight by 224.4% in 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 period. Bank of Jackson Hole Trust acquired a new position in Church & Dwight in the 4th quarter valued at approximately $43,000. Finally, Golden State Wealth Management LLC acquired a new position in Church & Dwight in the 4th quarter valued at approximately $51,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 32,500 shares of the company’s stock, valued at approximately $3,448,575. This trade represents a 23.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Read acquired 1,100 shares of the company’s stock in a transaction on Monday, December 16th. The stock was acquired at an average cost of $106.82 per share, for a total transaction 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 approximately $267,584.10. This represents a 78.29 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 75,570 shares of company stock valued at $8,599,549 over the last ninety days. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CHD shares. Piper Sandler decreased their price target 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. Stifel Nicolaus upped their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research report on Monday, February 3rd. 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. JPMorgan Chase & Co. decreased their price target on shares of Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. 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 investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Church & Dwight has an average rating of “Hold” and a consensus price target of $111.56.

Church & Dwight Stock Up 0.4 %

Shares of NYSE CHD opened at $109.51 on Friday. The firm has a market cap of $26.94 billion, a PE ratio of 46.21, a P/E/G ratio of 3.32 and a beta of 0.57. Church & Dwight Co., Inc. has a 12-month low of $96.35 and a 12-month high of $116.46. The company’s fifty day simple moving average is $106.75 and its 200 day simple moving average is $105.60. 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 issued its earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, hitting 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 last year, the firm earned $0.65 EPS. As a group, sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a yield of 1.08%. Church & Dwight’s dividend payout ratio is currently 49.79%.

Church & Dwight Company 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.