Shell Asset Management Co. Cuts Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Shell Asset Management Co. reduced its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 20.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,217 shares of the company’s stock after selling 2,377 shares during the quarter. Shell Asset Management Co.’s holdings in Church & Dwight were worth $961,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Game Plan Financial Advisors LLC purchased a new position in Church & Dwight during the first quarter worth about $26,000. Crewe Advisors LLC purchased a new stake in shares of Church & Dwight during the first quarter valued at approximately $28,000. Roble Belko & Company Inc bought a new stake in Church & Dwight during the first quarter worth $31,000. Chilton Capital Management LLC boosted its position in Church & Dwight by 50.0% in the fourth quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock worth $31,000 after purchasing an additional 110 shares during the last quarter. Finally, Creekmur Asset Management LLC bought a new position in Church & Dwight in the 4th quarter valued at $32,000. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Trading Up 1.5 %

Shares of CHD stock opened at $101.38 on Friday. The company has a market capitalization of $24.79 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 3.25 and a beta of 0.52. Church & Dwight Co., Inc. has a 52-week low of $82.25 and a 52-week high of $110.31. The business’s fifty day moving average is $105.41 and its 200 day moving average is $103.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 1.33.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.10. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 EPS. On average, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.46 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were paid a $0.2838 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Tuesday, May 14th. Church & Dwight’s dividend payout ratio (DPR) is presently 35.87%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CHD shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. BNP Paribas initiated coverage on shares of Church & Dwight in a research report on Monday, June 24th. They set a “neutral” rating and a $114.00 target price for the company. HSBC lifted their price target on shares of Church & Dwight from $110.00 to $114.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Truist Financial increased their price objective on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, JPMorgan Chase & Co. boosted their target price on Church & Dwight from $97.00 to $101.00 and gave the company an “underweight” rating in a research note on Monday, July 22nd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $107.28.

Insider Buying and Selling at Church & Dwight

In related news, Director Penry W. Price sold 7,752 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $105.47, for a total transaction of $817,603.44. Following the completion of the sale, the director now directly owns 25,692 shares in the company, valued at approximately $2,709,735.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Penry W. Price sold 7,752 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $105.47, for a total transaction of $817,603.44. Following the completion of the transaction, the director now directly owns 25,692 shares of the company’s stock, valued at $2,709,735.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Richard A. Dierker sold 86,740 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $106.56, for a total value of $9,243,014.40. Following the transaction, the chief financial officer now directly owns 7,634 shares of the company’s stock, valued at approximately $813,479.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 182,346 shares of company stock worth $19,465,948. 2.00% of the stock is currently owned by insiders.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.