US Bancorp DE Has $8.22 Million Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

US Bancorp DE lowered its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 78,537 shares of the company’s stock after selling 2,563 shares during the quarter. US Bancorp DE’s holdings in Church & Dwight were worth $8,224,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CHD. YANKCOM Partnership bought a new stake in shares of Church & Dwight in the fourth quarter worth about $25,000. Capital Performance Advisors LLP acquired a new position in shares of Church & Dwight in the 3rd quarter valued at approximately $27,000. Ashton Thomas Securities LLC bought a new stake in Church & Dwight during the 3rd quarter worth approximately $28,000. Versant Capital Management Inc raised its holdings in Church & Dwight by 224.4% during the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after buying an additional 184 shares during the period. Finally, Strategic Financial Concepts LLC bought a new position in Church & Dwight in the fourth quarter valued at approximately $39,000. 86.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Church & Dwight news, EVP Michael Read bought 1,100 shares of Church & Dwight stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $106.82 per share, with a total value of $117,502.00. Following the completion of the transaction, the executive vice president now owns 2,505 shares in the company, valued at $267,584.10. The trade was a 78.29 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $106.11, for a total transaction of $1,061,100.00. Following the transaction, the director now directly owns 32,500 shares in the company, valued at approximately $3,448,575. This represents a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CHD. JPMorgan Chase & Co. lowered their price objective 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. Barclays lifted their price target on Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a research note on Tuesday, February 4th. Truist Financial upped their price objective on 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 reissued a “sector perform” rating and issued a $105.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. Finally, Piper Sandler reduced their price target on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and a consensus price target of $111.56.

Church & Dwight Price Performance

Shares of NYSE CHD opened at $110.69 on Wednesday. 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’s 50 day moving average price is $105.93 and its two-hundred day moving average price is $105.19. The company has a market cap of $27.23 billion, a PE ratio of 46.70, a price-to-earnings-growth ratio of 3.32 and a beta of 0.59. Church & Dwight Co., Inc. has a twelve month low of $96.35 and a twelve month high of $114.60.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, hitting 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 posted $0.65 EPS. On average, analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Friday, February 14th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio (DPR) is currently 49.79%.

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.