Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co reduced its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 45.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 250,292 shares of the company’s stock after selling 206,912 shares during the period. CANADA LIFE ASSURANCE Co owned 0.10% of Church & Dwight worth $26,199,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHD. YANKCOM Partnership purchased a new stake in shares of Church & Dwight in the fourth quarter valued at $25,000. Versant Capital Management Inc lifted its holdings in Church & Dwight by 224.4% in the 4th 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. Strategic Financial Concepts LLC acquired a new stake in shares of Church & Dwight during the 4th quarter worth about $39,000. Bernard Wealth Management Corp. purchased a new stake in shares of Church & Dwight during the fourth quarter worth about $40,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Church & Dwight in the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Activity at Church & Dwight

In related 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 owns 6,437 shares of the company’s stock, valued at approximately $707,941.26. This represents a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Maynadier Patrick D. De sold 54,510 shares of Church & Dwight stock in a transaction that occurred on 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 $1,217,442.06. This represents a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 65,570 shares of company stock valued at $7,538,449. Corporate insiders own 1.20% of the company’s stock.

Church & Dwight Stock Up 2.3 %

Shares of NYSE CHD opened at $105.32 on Friday. The stock has a fifty day moving average price of $107.23 and a 200 day moving average price of $106.10. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. Church & Dwight Co., Inc. has a 12-month low of $96.35 and a 12-month high of $116.46. The company has a market cap of $25.92 billion, a P/E ratio of 44.44, a P/E/G ratio of 3.32 and a beta of 0.55.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 company earned $0.65 earnings per share. Research analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.295 dividend. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a dividend yield of 1.12%. Church & Dwight’s dividend payout ratio is 49.79%.

Wall Street Analyst Weigh In

Several analysts have commented on CHD shares. UBS Group lifted their target price on shares of Church & Dwight from $109.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday. Stifel Nicolaus lifted their price objective on Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research report on Monday, February 3rd. Truist Financial increased their target price on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a $105.00 price target on shares of Church & Dwight in a report on Monday, February 3rd. Finally, Barclays cut their price objective on shares of Church & Dwight from $97.00 to $94.00 and set an “underweight” rating on the stock in a report on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $112.59.

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 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.