Hemenway Trust Co LLC Lowers Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Hemenway Trust Co LLC trimmed its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 16.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,283 shares of the company’s stock after selling 2,548 shares during the quarter. 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 (SEC).

Other large investors also recently bought and sold shares of the company. YANKCOM Partnership bought a new position in shares of Church & Dwight during the fourth quarter valued at approximately $25,000. Versant Capital Management Inc grew its stake 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 worth $28,000 after buying an additional 184 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in Church & Dwight during the 4th quarter valued at approximately $39,000. Bank of Jackson Hole Trust purchased a new position in Church & Dwight during the fourth quarter valued at $43,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Church & Dwight during the fourth quarter valued at $51,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHD has been the topic of several analyst reports. Wells Fargo & Company upped their target price on shares of Church & Dwight from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays lifted their price objective on Church & Dwight from $93.00 to $97.00 and gave the stock an “underweight” rating in a report on Thursday, March 27th. Piper Sandler lowered their target price on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Stifel Nicolaus lifted their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research note on Monday, February 3rd. Finally, Truist Financial boosted their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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 1 year low of $96.35 and a 1 year high of $116.46. The firm has a fifty day moving average price of $107.89 and a 200-day moving average price of $106.09. The company 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 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 released its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) 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 quarter last year, the firm earned $0.65 earnings per share. As a group, 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 was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were 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 was Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a yield of 1.11%. Church & Dwight’s dividend payout ratio (DPR) is presently 49.79%.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 54,510 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 10,497 shares of the company’s stock, valued at $1,217,442.06. This trade represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rene Hemsey sold 11,060 shares of the company’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 transaction, the executive vice president now directly owns 6,437 shares of the company’s stock, valued at approximately $707,941.26. This trade represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,570 shares of company stock valued at $7,538,449 over the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

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.