Cannell & Spears LLC Sells 1,542 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Cannell & Spears LLC trimmed its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 3.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 48,290 shares of the company’s stock after selling 1,542 shares during the quarter. Cannell & Spears LLC’s holdings in Church & Dwight were worth $5,056,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CHD. YANKCOM Partnership bought a new stake in Church & Dwight during the fourth quarter worth about $25,000. Versant Capital Management Inc raised its position 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 valued at $28,000 after buying an additional 184 shares in the last quarter. Bank of Jackson Hole Trust bought a new stake in shares of Church & Dwight during the 4th quarter worth approximately $43,000. Golden State Wealth Management LLC bought a new stake in shares of Church & Dwight during the 4th quarter worth approximately $51,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Church & Dwight by 50.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 575 shares of the company’s stock worth $60,000 after acquiring an additional 193 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Stock Up 0.8 %

Shares of Church & Dwight stock opened at $110.01 on Tuesday. The stock’s 50-day moving average is $107.72 and its 200 day moving average is $106.00. Church & Dwight Co., Inc. has a one year low of $96.35 and a one year high of $116.46. The firm has a market cap of $27.08 billion, a price-to-earnings ratio of 46.42, a PEG ratio of 3.32 and a beta of 0.57. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24.

Church & Dwight (NYSE:CHD) last posted its quarterly 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 previous year, the business posted $0.65 EPS. Equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $0.295 dividend. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a yield of 1.07%. The ex-dividend date was Friday, February 14th. Church & Dwight’s payout ratio is 49.79%.

Insider Activity

In related news, EVP Rene Hemsey sold 11,060 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total value of $1,216,378.80. Following the completion of the sale, the executive vice president now directly owns 6,437 shares of the company’s stock, valued at $707,941.26. The trade was a 63.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,570 shares of company stock worth $7,538,449. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on CHD shares. Stifel Nicolaus upped 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 upped their price objective on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Piper Sandler dropped their price objective 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. JPMorgan Chase & Co. reduced their target price on shares of Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $105.00 price target on shares of Church & Dwight in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $111.81.

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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.