Sterling Capital Management LLC lessened its position in Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 42.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 reporting period.
A number of other hedge funds have also recently modified their holdings of the company. Godfrey Financial Associates Inc. bought a new position in shares of Church & Dwight during the fourth quarter valued at about $25,000. Elyxium Wealth LLC bought a new stake in shares of Church & Dwight in the fourth quarter worth about $26,000. Ameriflex Group Inc. increased its holdings in Church & Dwight by 101.2% during the 3rd quarter. Ameriflex Group Inc. now owns 322 shares of the company’s stock valued at $28,000 after purchasing an additional 162 shares during the period. DV Equities LLC purchased a new position in shares of Church & Dwight during the fourth quarter valued at approximately $28,000. Finally, Field & Main Bank purchased a new stake in Church & Dwight in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.
Church & Dwight Trading Up 0.3%
NYSE CHD opened at $97.14 on Thursday. Church & Dwight Co., Inc. has a 12 month low of $81.33 and a 12 month high of $106.04. The stock’s fifty day moving average price is $95.90 and its 200-day moving average price is $94.70. The stock has a market cap of $23.02 billion, a P/E ratio of 31.95, a P/E/G 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 Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 15th were paid a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, May 15th. Church & Dwight’s dividend payout ratio (DPR) is 40.46%.
Insider Buying and Selling at Church & Dwight
In other news, Director Penry W. Price sold 5,960 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $94.86, for a total transaction of $565,365.60. Following the completion of the sale, the director owned 30,070 shares of the company’s stock, valued at $2,852,440.20. This represents a 16.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ravichandra Krishnamu Saligram sold 12,960 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $98.00, for a total transaction of $1,270,080.00. Following the completion of the transaction, the director owned 13,653 shares in the company, valued at $1,337,994. This trade represents a 48.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 47,680 shares of company stock worth $4,672,190. 2.00% of the stock is owned by corporate insiders.
Analyst Ratings Changes
CHD has been the topic of a number of research analyst reports. Evercore set a $105.00 price objective on shares of Church & Dwight in a research report on Monday, May 4th. Royal Bank Of Canada reissued an “outperform” rating and issued a $114.00 target price on shares of Church & Dwight in a research report on Monday, June 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Church & Dwight in a research note on Wednesday, June 17th. UBS Group restated a “neutral” rating and set a $100.00 price target (up from $98.00) on shares of Church & Dwight in a research report on Monday, May 4th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $111.00 price target on shares of Church & Dwight in a research note on Friday, May 29th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $102.59.
View Our Latest Stock Report on CHD
Church & Dwight Profile
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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