Sky Investment Group LLC Sells 1,512 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Sky Investment Group LLC cut its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,995 shares of the company’s stock after selling 1,512 shares during the period. Sky Investment Group LLC’s holdings in Church & Dwight were worth $3,036,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Cove Private Wealth LLC lifted its position in shares of Church & Dwight by 39.3% during the 4th quarter. Cove Private Wealth LLC now owns 8,190 shares of the company’s stock worth $858,000 after buying an additional 2,310 shares during the last quarter. Diversify Wealth Management LLC raised its stake in Church & Dwight by 28.4% during the fourth quarter. Diversify Wealth Management LLC now owns 7,962 shares of the company’s stock worth $808,000 after acquiring an additional 1,762 shares in the last quarter. Renaissance Investment Group LLC lifted its holdings in shares of Church & Dwight by 0.5% in the fourth quarter. Renaissance Investment Group LLC now owns 83,747 shares of the company’s stock worth $8,769,000 after acquiring an additional 426 shares during the last quarter. Clarius Group LLC acquired a new stake in shares of Church & Dwight in the 4th quarter valued at approximately $204,000. Finally, HB Wealth Management LLC grew its stake in shares of Church & Dwight by 3.6% during the fourth quarter. HB Wealth Management LLC now owns 5,955 shares of the company’s stock worth $624,000 after buying an additional 206 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Stock Performance

NYSE:CHD opened at $106.42 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. The company has a market capitalization of $26.07 billion, a P/E ratio of 47.72, a P/E/G ratio of 3.28 and a beta of 0.58. Church & Dwight Co., Inc. has a 1 year low of $96.09 and a 1 year high of $113.50. The business has a fifty day simple moving average of $106.86 and a two-hundred day simple moving average of $104.04.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, November 1st. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. Church & Dwight’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $0.74 EPS. On average, analysts expect that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current year.

Church & Dwight Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a dividend of $0.2838 per share. The ex-dividend date was Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.07%. Church & Dwight’s dividend payout ratio is currently 50.67%.

Insider Transactions at Church & Dwight

In other news, EVP Michael Read bought 1,100 shares of Church & Dwight stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of $106.82 per share, with a total value of $117,502.00. Following the completion of the purchase, the executive vice president now directly owns 2,505 shares in the company, valued at $267,584.10. The trade was a 78.29 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Joseph James Longo sold 7,780 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $112.44, for a total value of $874,783.20. Following the completion of the sale, the chief accounting officer now owns 400 shares of the company’s stock, valued at $44,976. The trade was a 95.11 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 593,035 shares of company stock valued at $62,282,808. 1.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. TD Cowen upped their target price on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. raised their price target on shares of Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Stifel Nicolaus decreased their price objective on Church & Dwight from $105.00 to $103.00 and set a “hold” rating for the company in a report on Friday. Finally, Barclays boosted their target price on shares of Church & Dwight from $85.00 to $90.00 and gave the stock an “underweight” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $110.61.

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, 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.