ING Groep NV Sells 1,451 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

ING Groep NV decreased its position in Church & Dwight Co., Inc. (NYSE:CHD) by 4.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 31,386 shares of the company’s stock after selling 1,451 shares during the quarter. ING Groep NV’s holdings in Church & Dwight were worth $3,286,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CHD. YANKCOM Partnership bought a new position in shares of Church & Dwight in the 4th quarter worth about $25,000. Capital Performance Advisors LLP purchased a new stake in Church & Dwight in the third quarter worth about $27,000. Ashton Thomas Securities LLC bought a new position in shares of Church & Dwight during the third quarter valued at approximately $28,000. Versant Capital Management Inc increased its stake in shares of Church & Dwight by 224.4% during the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock valued at $28,000 after purchasing an additional 184 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Church & Dwight during the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Activity

In related news, EVP Rick Spann sold 39,520 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $112.00, for a total transaction of $4,426,240.00. Following the completion of the transaction, the executive vice president now owns 4,973 shares in the company, valued at approximately $556,976. This represents a 88.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Read purchased 1,100 shares of Church & Dwight stock in a transaction on Monday, December 16th. The stock was bought at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the completion of the acquisition, the executive vice president now owns 2,505 shares in the company, valued at $267,584.10. The trade was a 78.29 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 49,522 shares of company stock worth $5,487,555 in the last three months. Company insiders own 2.00% of the company’s stock.

Church & Dwight Price Performance

NYSE CHD opened at $105.40 on Friday. The stock has a market capitalization of $25.93 billion, a price-to-earnings ratio of 44.47, a PEG ratio of 3.32 and a beta of 0.59. 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 Co., Inc. has a 1-year low of $96.35 and a 1-year high of $113.50. The business’s fifty day moving average price is $105.35 and its 200-day moving average price is $104.69.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter in the previous year, the company earned $0.65 earnings per share. On average, equities analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.295 per share. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a yield of 1.12%. Church & Dwight’s dividend payout ratio (DPR) is presently 49.79%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $105.00 price objective on shares of Church & Dwight in a research report on Monday, February 3rd. Wells Fargo & Company raised their price target on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Truist Financial increased their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Barclays lifted their target price on shares of Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $111.47.

Church & Dwight Company 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, 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.