Chevy Chase Trust Holdings LLC Increases Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Chevy Chase Trust Holdings LLC lifted its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 0.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,549 shares of the company’s stock after purchasing an additional 436 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Church & Dwight were worth $15,033,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. IAG Wealth Partners LLC lifted its position in shares of Church & Dwight by 92.9% in the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company’s stock valued at $30,000 after acquiring an additional 130 shares in the last quarter. Bernard Wealth Management Corp. acquired a new position in shares of Church & Dwight during the fourth quarter worth about $40,000. Versant Capital Management Inc boosted its stake in shares of Church & Dwight by 42.1% in the first quarter. Versant Capital Management Inc now owns 378 shares of the company’s stock valued at $42,000 after purchasing an additional 112 shares during the period. Banque Transatlantique SA purchased a new position in Church & Dwight in the fourth quarter valued at about $46,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Church & Dwight by 50.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 575 shares of the company’s stock valued at $60,000 after acquiring an additional 193 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CHD shares. Bank of America upgraded shares of Church & Dwight from a “neutral” rating to a “buy” rating and raised their price target for the stock from $112.00 to $125.00 in a research report on Tuesday, April 15th. Morgan Stanley reduced their target price on shares of Church & Dwight from $110.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, May 5th. Truist Financial set a $110.00 price objective on shares of Church & Dwight and gave the stock a “buy” rating in a research note on Friday, June 6th. Wells Fargo & Company boosted their price target on shares of Church & Dwight from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, April 2nd. Finally, Wall Street Zen raised shares of Church & Dwight from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. 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. According to MarketBeat.com, Church & Dwight has an average rating of “Hold” and a consensus target price of $108.29.

Insider Buying and Selling at Church & Dwight

In other news, EVP Carlen Hooker sold 6,380 shares of the firm’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $98.30, for a total transaction of $627,154.00. Following the completion of the transaction, the executive vice president now directly owns 262 shares of the company’s stock, valued at $25,754.60. This trade represents a 96.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard A. Dierker acquired 7,950 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was bought at an average price of $94.66 per share, with a total value of $752,547.00. Following the acquisition, the chief executive officer now directly owns 16,358 shares in the company, valued at $1,548,448.28. This represents a 94.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 50,575 shares of company stock valued at $4,910,586. 2.00% of the stock is currently owned by insiders.

Church & Dwight Price Performance

Shares of NYSE:CHD opened at $95.29 on Thursday. The company has a current ratio of 1.95, a quick ratio of 1.43 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $97.27 and its 200-day moving average is $103.24. Church & Dwight Co., Inc. has a 1-year low of $90.99 and a 1-year high of $116.46. The firm has a market capitalization of $23.47 billion, a PE ratio of 40.90, a PEG ratio of 3.85 and a beta of 0.52.

Church & Dwight (NYSE:CHD) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.02. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.52 billion. Church & Dwight had a net margin of 9.52% and a return on equity of 19.28%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 earnings per share. Sell-side analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, May 15th. Church & Dwight’s dividend payout ratio is 50.64%.

Church & Dwight 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.