Notis McConarty Edward Has $739,000 Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Notis McConarty Edward cut its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,061 shares of the company’s stock after selling 135 shares during the quarter. Notis McConarty Edward’s holdings in Church & Dwight were worth $739,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CHD. Norges Bank bought a new position in Church & Dwight during the fourth quarter worth $318,532,000. JPMorgan Chase & Co. lifted its stake in shares of Church & Dwight by 19.4% during the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company’s stock worth $768,157,000 after buying an additional 1,190,154 shares during the last quarter. State Street Corp boosted its holdings in shares of Church & Dwight by 8.0% during the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company’s stock worth $1,373,542,000 after buying an additional 969,006 shares during the period. Raymond James Financial Inc. acquired a new position in Church & Dwight in the 4th quarter valued at about $76,565,000. Finally, World Investment Advisors LLC bought a new position in Church & Dwight in the 3rd quarter valued at about $58,338,000. Institutional investors own 86.60% of the company’s stock.

Wall Street Analysts Forecast Growth

CHD has been the subject of a number of research analyst reports. Stifel Nicolaus boosted 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. 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 note on Monday, February 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a $105.00 target price on shares of Church & Dwight in a report on Monday, February 3rd. Truist Financial upped their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company lifted their price objective on shares of Church & Dwight from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $112.13.

Church & Dwight Trading Down 4.3 %

Shares of CHD stock opened at $105.98 on Friday. Church & Dwight Co., Inc. has a fifty-two week low of $96.35 and a fifty-two week high of $116.46. The stock’s fifty day moving average price is $107.89 and its two-hundred day moving average price is $106.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. The company has a market cap of $26.08 billion, a PE ratio of 44.72, a P/E/G ratio of 3.32 and a beta of 0.57.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, meeting 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 period last year, the firm earned $0.65 EPS. Equities analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

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

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Rene Hemsey sold 11,060 shares of the 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 transaction, the executive vice president now directly owns 6,437 shares in the company, valued at approximately $707,941.26. This trade represents a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 10,497 shares in the company, valued at approximately $1,217,442.06. This trade represents a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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.

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.