SouthState Corp Sells 1,432 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

SouthState Corp lessened its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,511 shares of the company’s stock after selling 1,432 shares during the quarter. SouthState Corp’s holdings in Church & Dwight were worth $1,834,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Aigen Investment Management LP bought a new position in Church & Dwight during the 3rd quarter worth approximately $222,000. Aptus Capital Advisors LLC bought a new position in Church & Dwight during the 3rd quarter worth approximately $228,000. KBC Group NV raised its holdings in Church & Dwight by 48.2% during the 3rd quarter. KBC Group NV now owns 103,409 shares of the company’s stock worth $10,829,000 after purchasing an additional 33,614 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Church & Dwight by 8.3% during the 3rd quarter. CIBC Asset Management Inc now owns 35,828 shares of the company’s stock worth $3,752,000 after purchasing an additional 2,739 shares during the last quarter. Finally, Empirical Finance LLC raised its holdings in Church & Dwight by 2.4% during the 3rd quarter. Empirical Finance LLC now owns 8,435 shares of the company’s stock worth $883,000 after purchasing an additional 195 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Price Performance

CHD opened at $109.15 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The company has a market capitalization of $26.85 billion, a price-to-earnings ratio of 46.05, a P/E/G ratio of 3.32 and a beta of 0.57. The firm’s fifty day moving average price is $106.84 and its two-hundred day moving average price is $105.71. Church & Dwight Co., Inc. has a 1 year low of $96.35 and a 1 year high of $116.46.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share (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 period in the previous year, the company posted $0.65 EPS. As a group, analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

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

Insiders Place Their Bets

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 54,510 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $115.98, for a total value of $6,322,069.80. Following the completion of the sale, the executive vice president now owns 10,497 shares in the company, valued at approximately $1,217,442.06. The trade was a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Rene Hemsey sold 11,060 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the completion of the transaction, the executive vice president now owns 6,437 shares in the company, valued at $707,941.26. This represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 65,570 shares of company stock valued at $7,538,449 over the last quarter. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a report on Monday, February 3rd. Truist Financial raised their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $105.00 price objective on shares of Church & Dwight in a research report on Monday, February 3rd. Piper Sandler reduced 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, Barclays raised their price objective on shares of Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Church & Dwight currently has an average rating of “Hold” and a consensus price target of $111.56.

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.