Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Aries Wealth Management

Aries Wealth Management lowered its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 16.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,652 shares of the company’s stock after selling 530 shares during the period. Aries Wealth Management’s holdings in Church & Dwight were worth $278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Church & Dwight in the fourth quarter valued at approximately $4,949,000. Certuity LLC acquired a new position in Church & Dwight during the 4th quarter worth approximately $402,000. Portfolio Design Labs LLC increased its position in shares of Church & Dwight by 31.2% in the 4th quarter. Portfolio Design Labs LLC now owns 29,313 shares of the company’s stock valued at $3,069,000 after purchasing an additional 6,978 shares during the last quarter. Sovran Advisors LLC acquired a new stake in shares of Church & Dwight in the 4th quarter valued at $423,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of Church & Dwight during the fourth quarter worth $90,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Maynadier Patrick D. De sold 45,120 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 10,325 shares of the company’s stock, valued at $1,158,361.75. The trade was a 81.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Joseph James Longo sold 7,780 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $112.44, for a total value of $874,783.20. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,422 shares of company stock worth $11,424,351. Corporate insiders own 2.00% of the company’s stock.

Church & Dwight Trading Up 1.5 %

Shares of Church & Dwight stock opened at $107.58 on Friday. 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 firm has a market cap of $26.36 billion, a price-to-earnings ratio of 45.39, a price-to-earnings-growth ratio of 3.35 and a beta of 0.59. Church & Dwight Co., Inc. has a 52-week low of $96.09 and a 52-week high of $113.50. The company’s 50-day simple moving average is $105.55 and its 200-day simple moving average is $104.46.

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 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 in the prior year, the business posted $0.65 earnings per share. As a group, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.295 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a yield of 1.10%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio (DPR) is 47.68%.

Wall Street Analysts Forecast Growth

CHD has been the topic of a number of analyst reports. Barclays raised 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. Piper Sandler decreased their target price 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $105.00 price target on shares of Church & Dwight in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company lifted their price target on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $111.53.

About Church & Dwight

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.