Tandem Investment Advisors Inc. Sells 7,626 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Tandem Investment Advisors Inc. cut its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 1.7% during the 4th quarter, Holdings Channel reports. The firm owned 452,710 shares of the company’s stock after selling 7,626 shares during the period. Tandem Investment Advisors Inc.’s holdings in Church & Dwight were worth $42,808,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Chilton Capital Management LLC grew its stake in shares of 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. Koesten Hirschmann & Crabtree INC. bought a new stake in Church & Dwight during the 3rd quarter valued at approximately $38,000. PSI Advisors LLC bought a new stake in Church & Dwight during the 3rd quarter valued at approximately $39,000. Money Concepts Capital Corp boosted its position in Church & Dwight by 468.2% during the 4th quarter. Money Concepts Capital Corp now owns 625 shares of the company’s stock valued at $50,000 after acquiring an additional 515 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in Church & Dwight during the 4th quarter valued at approximately $62,000. 86.60% of the stock is owned by institutional investors.

Church & Dwight Price Performance

Shares of CHD traded up $0.20 during midday trading on Wednesday, hitting $103.45. 1,414,840 shares of the company traded hands, compared to its average volume of 1,299,826. The firm has a 50 day moving average of $101.79 and a 200-day moving average of $96.31. Church & Dwight Co., Inc. has a 52 week low of $82.25 and a 52 week high of $105.67. The stock has a market cap of $25.23 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 3.49 and a beta of 0.53. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.64 and a current ratio of 1.08.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, February 2nd. The company reported $0.65 EPS for the quarter, meeting the consensus estimate of $0.65. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. The business’s revenue was up 6.4% on a year-over-year basis. On average, analysts forecast that Church & Dwight Co., Inc. will post 3.44 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were issued a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Wednesday, February 14th. This is an increase from Church & Dwight’s previous quarterly dividend of $0.27. Church & Dwight’s dividend payout ratio is 37.17%.

Insider Buying and Selling at Church & Dwight

In related news, EVP Rene Hemsey sold 9,280 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total value of $930,041.60. Following the completion of the transaction, the executive vice president now owns 6,373 shares of the company’s stock, valued at approximately $638,702.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Rene Hemsey sold 9,280 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total value of $930,041.60. Following the completion of the transaction, the executive vice president now owns 6,373 shares of the company’s stock, valued at approximately $638,702.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Penry W. Price sold 7,752 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $98.29, for a total transaction of $761,944.08. Following the completion of the transaction, the director now directly owns 25,692 shares of the company’s stock, valued at approximately $2,525,266.68. The disclosure for this sale can be found here. Insiders sold 373,052 shares of company stock valued at $38,603,796 in the last 90 days. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CHD. Oppenheimer lifted their price objective on Church & Dwight from $107.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. UBS Group boosted their price target on Church & Dwight from $99.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. Argus raised Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Friday, February 23rd. Truist Financial boosted their price target on Church & Dwight from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Finally, Barclays boosted their price target on Church & Dwight from $80.00 to $83.00 and gave the stock an “underweight” rating in a research report on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $103.27.

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.