Intech Investment Management LLC Sells 41,838 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Intech Investment Management LLC reduced its position in Church & Dwight Co., Inc. (NYSE:CHD) by 27.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,050 shares of the company’s stock after selling 41,838 shares during the quarter. Intech Investment Management LLC’s holdings in Church & Dwight were worth $11,628,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Holocene Advisors LP bought a new stake in shares of Church & Dwight during the 3rd quarter valued at approximately $104,795,000. State Street Corp grew its holdings in shares of Church & Dwight by 8.0% during the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company’s stock valued at $1,373,542,000 after purchasing an additional 969,006 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Church & Dwight during the 4th quarter valued at approximately $76,565,000. World Investment Advisors LLC bought a new stake in shares of Church & Dwight during the 3rd quarter valued at approximately $58,338,000. Finally, Barclays PLC grew its holdings in shares of Church & Dwight by 63.9% during the 3rd quarter. Barclays PLC now owns 1,106,131 shares of the company’s stock valued at $115,832,000 after purchasing an additional 431,257 shares during the last quarter. 86.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CHD. Stifel Nicolaus boosted their target price on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a report on Monday, February 3rd. Royal Bank of Canada reissued a “sector perform” rating and set a $105.00 target price on shares of Church & Dwight in a report on Monday, February 3rd. Truist Financial boosted their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on shares of Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Finally, Barclays boosted their price target on shares of Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $111.56.

Insider Transactions at Church & Dwight

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 54,510 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the sale, the executive vice president now directly owns 10,497 shares of the company’s stock, valued at $1,217,442.06. This represents 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 through this link. 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 transaction of $1,216,378.80. Following the sale, the executive vice president now directly owns 6,437 shares in the company, valued at approximately $707,941.26. This trade 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 quarter. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Stock Performance

NYSE CHD opened at $109.38 on Tuesday. Church & Dwight Co., Inc. has a 1 year low of $96.35 and a 1 year high of $116.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The firm has a market cap of $26.90 billion, a price-to-earnings ratio of 46.15, a PEG ratio of 3.32 and a beta of 0.57. The company has a fifty day moving average price of $106.99 and a 200-day moving average price of $105.77.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same period last year, the business posted $0.65 earnings per share. As a group, equities research analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.295 dividend. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, February 14th. This represents a $1.18 annualized dividend and a dividend yield of 1.08%. Church & Dwight’s dividend payout ratio is presently 49.79%.

About Church & Dwight

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, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.