WASHINGTON TRUST Co Decreases Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

WASHINGTON TRUST Co trimmed its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 61.9% during the fourth quarter, HoldingsChannel reports. The firm owned 1,085 shares of the company’s stock after selling 1,760 shares during the period. WASHINGTON TRUST Co’s holdings in Church & Dwight were worth $114,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. YANKCOM Partnership purchased a new position in Church & Dwight in the 4th quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new stake in shares of Church & Dwight during the 3rd quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Church & Dwight during the 3rd quarter valued at approximately $28,000. Versant Capital Management Inc raised its position in shares of Church & Dwight by 224.4% during the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock valued at $28,000 after buying an additional 184 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Church & Dwight during the 4th quarter valued at approximately $39,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $106.11, for a total value of $1,061,100.00. Following the completion of the transaction, the director now owns 32,500 shares in the company, valued at $3,448,575. This represents a 23.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael Read acquired 1,100 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was bought at an average price of $106.82 per share, with a total value of $117,502.00. Following the purchase, the executive vice president now directly owns 2,505 shares of the company’s stock, valued at $267,584.10. This represents a 78.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 102,422 shares of company stock worth $11,424,351. Corporate insiders own 2.00% of the company’s stock.

Church & Dwight Stock Performance

Shares of CHD stock opened at $105.12 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average price of $105.48 and a 200 day moving average price of $104.51. The company has a market cap of $25.75 billion, a P/E ratio of 44.36, a PEG ratio of 3.35 and a beta of 0.59. Church & Dwight Co., Inc. has a 12 month low of $96.35 and a 12 month high of $113.50.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter in the prior year, the company earned $0.65 earnings per share. Sell-side analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a dividend of $0.295 per share. The ex-dividend date is Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.12%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s payout ratio is presently 47.68%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barclays lifted their price target on shares of Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a research report on Tuesday, February 4th. Stifel Nicolaus lifted their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, November 4th. TD Cowen boosted 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. Finally, Truist Financial boosted their target price on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $111.53.

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.