Hemenway Trust Co LLC Sells 2,548 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Hemenway Trust Co LLC trimmed its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 16.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,283 shares of the company’s stock after selling 2,548 shares during the period. Hemenway Trust Co LLC’s holdings in Church & Dwight were worth $1,391,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of CHD. YANKCOM Partnership bought a new position in shares of Church & Dwight during the 4th quarter worth $25,000. Versant Capital Management Inc boosted its position in Church & Dwight by 224.4% during the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 184 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of Church & Dwight in the fourth quarter worth about $39,000. Bank of Jackson Hole Trust bought a new stake in shares of Church & Dwight in the fourth quarter valued at approximately $43,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Church & Dwight during the 4th quarter valued at approximately $51,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 transaction of $6,322,069.80. Following the transaction, the executive vice president now directly owns 10,497 shares of the company’s stock, valued at approximately $1,217,442.06. The trade was a 83.85 % 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 Rene Hemsey sold 11,060 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total value of $1,216,378.80. Following the transaction, the executive vice president now owns 6,437 shares of the company’s stock, valued at approximately $707,941.26. This represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,570 shares of company stock valued at $7,538,449 in the last quarter. Insiders own 2.00% of the company’s stock.

Church & Dwight Stock Performance

NYSE CHD opened at $105.98 on Friday. The company has a 50-day simple moving average of $107.89 and a two-hundred day simple moving average of $106.09. Church & Dwight Co., Inc. has a 12-month low of $96.35 and a 12-month high of $116.46. The firm has a market cap of $26.08 billion, a price-to-earnings ratio of 44.72, a PEG ratio of 3.32 and a beta of 0.57. 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 posted its quarterly 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 return on equity of 20.03% and a net margin of 9.58%. During the same quarter last year, the business posted $0.65 EPS. On average, equities analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 annualized dividend and a yield of 1.11%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio is presently 49.79%.

Wall Street Analyst Weigh In

CHD has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on shares of Church & Dwight from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and set a $105.00 price objective on shares of Church & Dwight in a research note on Monday, February 3rd. Stifel Nicolaus increased their price objective on Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a report on Friday, February 21st. Finally, Barclays increased their price target on shares of Church & Dwight from $93.00 to $97.00 and gave the stock an “underweight” rating in a report on Thursday, March 27th. Two 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. According to MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and an average target price of $112.13.

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 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.