London Co. of Virginia lessened its position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 460,586 shares of the company’s stock after selling 11,684 shares during the quarter. London Co. of Virginia owned approximately 0.19% of Church & Dwight worth $40,361,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of CHD. True Wealth Design LLC boosted its stake in Church & Dwight by 935.5% during the third quarter. True Wealth Design LLC now owns 321 shares of the company’s stock worth $28,000 after buying an additional 290 shares in the last quarter. Ameriflex Group Inc. raised its stake in shares of Church & Dwight by 101.3% in the 3rd quarter. Ameriflex Group Inc. now owns 322 shares of the company’s stock valued at $28,000 after buying an additional 162 shares in the last quarter. CVA Family Office LLC lifted its holdings in shares of Church & Dwight by 58.1% during the 3rd quarter. CVA Family Office LLC now owns 332 shares of the company’s stock worth $29,000 after acquiring an additional 122 shares during the period. First Horizon Corp bought a new position in shares of Church & Dwight during the 3rd quarter worth about $32,000. Finally, Winnow Wealth LLC acquired a new stake in shares of Church & Dwight during the 3rd quarter valued at about $46,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.
Church & Dwight Stock Up 0.5%
Shares of CHD opened at $98.26 on Tuesday. The firm has a market capitalization of $23.26 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 3.60 and a beta of 0.45. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.71 and a current ratio of 1.07. The business’s fifty day moving average price is $96.97 and its two-hundred day moving average price is $90.38. Church & Dwight Co., Inc. has a 52 week low of $81.33 and a 52 week high of $113.91.
Church & Dwight Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were issued a dividend of $0.3075 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.23 annualized dividend and a yield of 1.3%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.30. Church & Dwight’s dividend payout ratio (DPR) is presently 40.73%.
Insider Activity
In other Church & Dwight news, Director Penry W. Price sold 7,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $100.58, for a total transaction of $704,060.00. Following the transaction, the director directly owned 30,070 shares in the company, valued at approximately $3,024,440.60. This represents a 18.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Janet S. Vergis sold 12,960 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $101.00, for a total transaction of $1,308,960.00. Following the completion of the transaction, the director directly owned 17,102 shares in the company, valued at $1,727,302. This trade represents a 43.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.00% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on CHD. JPMorgan Chase & Co. raised shares of Church & Dwight from an “underweight” rating to a “neutral” rating and upped their target price for the company from $92.00 to $100.00 in a research note on Monday, February 2nd. Rothschild & Co Redburn set a $91.00 price objective on Church & Dwight and gave the company a “neutral” rating in a report on Friday, February 13th. TD Cowen upped their price objective on Church & Dwight from $99.00 to $112.00 and gave the company a “hold” rating in a research note on Friday, February 20th. Argus dropped their target price on Church & Dwight from $110.00 to $102.00 and set a “buy” rating for the company in a report on Thursday, December 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $100.00 target price (down from $102.00) on shares of Church & Dwight in a research report on Wednesday, December 10th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $101.88.
Get Our Latest Stock Analysis on Church & Dwight
Church & Dwight Profile
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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