Sterling Capital Management LLC lowered its holdings in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 42.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,203 shares of the company’s stock after selling 6,164 shares during the period. Sterling Capital Management LLC’s holdings in Church & Dwight were worth $766,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of CHD. Fisher Asset Management LLC increased its holdings in shares of Church & Dwight by 51.3% in the third quarter. Fisher Asset Management LLC now owns 94,349 shares of the company’s stock worth $8,268,000 after purchasing an additional 31,976 shares during the period. Amiral Gestion bought a new stake in Church & Dwight during the fourth quarter valued at $6,258,000. Tandem Investment Advisors Inc. grew its position in Church & Dwight by 11.6% during the fourth quarter. Tandem Investment Advisors Inc. now owns 797,733 shares of the company’s stock worth $66,890,000 after buying an additional 82,833 shares in the last quarter. Swiss Life Asset Management Ltd grew its position in Church & Dwight by 122.6% during the fourth quarter. Swiss Life Asset Management Ltd now owns 141,837 shares of the company’s stock worth $11,893,000 after buying an additional 78,107 shares in the last quarter. Finally, Tounjian Advisory Partners LLC bought a new position in Church & Dwight in the 4th quarter worth about $2,078,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.
Church & Dwight Price Performance
Shares of Church & Dwight stock opened at $97.14 on Thursday. The firm has a market capitalization of $23.02 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 3.48 and a beta of 0.47. The company has a current ratio of 1.22, a quick ratio of 0.81 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a 12 month low of $81.33 and a 12 month high of $106.04. The business’s 50-day moving average price is $95.90 and its 200-day moving average price is $94.70.
Church & Dwight Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 15th were given a dividend of $0.3075 per share. This represents a $1.23 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, May 15th. Church & Dwight’s dividend payout ratio is presently 40.46%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on CHD shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $114.00 price target on shares of Church & Dwight in a research report on Monday, June 1st. Evercore set a $105.00 price objective on shares of Church & Dwight in a research report on Monday, May 4th. UBS Group reaffirmed a “neutral” rating and issued a $100.00 target price (up from $98.00) on shares of Church & Dwight in a research note on Monday, May 4th. JPMorgan Chase & Co. lifted their target price on shares of Church & Dwight from $98.00 to $99.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Church & Dwight in a report on Wednesday, June 17th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and a consensus price target of $102.59.
Check Out Our Latest Stock Report on CHD
Insider Buying and Selling at Church & Dwight
In other news, Director Penry W. Price sold 5,960 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $94.86, for a total value of $565,365.60. Following the completion of the sale, the director owned 30,070 shares of the company’s stock, valued at approximately $2,852,440.20. The trade was a 16.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ravichandra Krishnamu Saligram sold 12,960 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $98.00, for a total value of $1,270,080.00. Following the sale, the director owned 13,653 shares of the company’s stock, valued at $1,337,994. This represents a 48.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 47,680 shares of company stock valued at $4,672,190. 2.00% of the stock is currently owned by insiders.
About Church & Dwight
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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