Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Fiduciary Trust Co

Fiduciary Trust Co reduced its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 303,076 shares of the company’s stock after selling 5,773 shares during the period. Fiduciary Trust Co owned about 0.12% of Church & Dwight worth $31,735,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CHD. YANKCOM Partnership acquired a new position in Church & Dwight in the 4th quarter valued at about $25,000. Bernard Wealth Management Corp. purchased a new position in shares of Church & Dwight in the fourth quarter valued at $40,000. Bank of Jackson Hole Trust acquired a new position in Church & Dwight during the fourth quarter worth about $43,000. Banque Transatlantique SA purchased a new stake in Church & Dwight in the 4th quarter valued at approximately $46,000. Finally, Golden State Wealth Management LLC acquired a new position in Church & Dwight in the 4th quarter valued at about $51,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Trading Up 0.2 %

Church & Dwight stock opened at $92.16 on Friday. The stock has a market cap of $22.68 billion, a P/E ratio of 38.88, a PEG ratio of 3.32 and a beta of 0.55. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. The firm’s fifty day moving average price is $104.41 and its 200-day moving average price is $105.58. Church & Dwight Co., Inc. has a fifty-two week low of $91.08 and a fifty-two week high of $116.46.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.02. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. The business’s revenue was down 2.4% on a year-over-year basis. Equities research analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.295 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a yield of 1.28%. Church & Dwight’s dividend payout ratio is presently 50.64%.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 54,510 shares of Church & Dwight stock in a transaction dated 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 transaction, the executive vice president now owns 10,497 shares in the company, valued at $1,217,442.06. The trade was a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rene Hemsey sold 11,060 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total value of $1,216,378.80. Following the transaction, the executive vice president now directly owns 6,437 shares in the company, valued at $707,941.26. This represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,570 shares of company stock worth $7,538,449 in the last three months. 1.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wells Fargo & Company upped their price objective on Church & Dwight from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, April 2nd. Morgan Stanley dropped their price objective on Church & Dwight from $110.00 to $100.00 and set an “equal weight” rating on the stock in a report on Monday. Royal Bank of Canada lowered their price objective on Church & Dwight from $105.00 to $100.00 and set a “sector perform” rating for the company in a report on Friday, May 2nd. Barclays reduced their price target on shares of Church & Dwight from $94.00 to $84.00 and set an “underweight” rating on the stock in a research report on Friday, May 2nd. Finally, Bank of America raised Church & Dwight from a “neutral” rating to a “buy” rating and increased their target price for the stock from $112.00 to $125.00 in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $109.13.

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.