Penobscot Investment Management Company Inc. Has $6.85 Million Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Penobscot Investment Management Company Inc. lifted its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 3.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 72,473 shares of the company’s stock after purchasing an additional 2,180 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Church & Dwight were worth $6,853,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CHD. Kestra Private Wealth Services LLC raised its holdings in shares of Church & Dwight by 806.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 39,020 shares of the company’s stock worth $3,690,000 after acquiring an additional 34,714 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Church & Dwight by 4.6% in the fourth quarter. Van ECK Associates Corp now owns 31,606 shares of the company’s stock worth $2,989,000 after purchasing an additional 1,378 shares during the last quarter. Intrust Bank NA lifted its holdings in shares of Church & Dwight by 5.4% in the fourth quarter. Intrust Bank NA now owns 10,960 shares of the company’s stock valued at $1,036,000 after purchasing an additional 559 shares in the last quarter. Mather Group LLC. boosted its position in shares of Church & Dwight by 11.8% during the fourth quarter. Mather Group LLC. now owns 7,445 shares of the company’s stock valued at $704,000 after buying an additional 785 shares during the last quarter. Finally, Marco Investment Management LLC bought a new stake in Church & Dwight during the fourth quarter worth $383,000. 86.60% of the stock is owned by institutional investors.

Insider Transactions at Church & Dwight

In related news, EVP Barry A. Bruno sold 9,926 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total value of $1,037,763.30. Following the sale, the executive vice president now owns 4,319 shares in the company, valued at approximately $451,551.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Barry A. Bruno sold 9,926 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the transaction, the executive vice president now owns 4,319 shares of the company’s stock, valued at approximately $451,551.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Rene Hemsey sold 9,280 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total value of $930,041.60. Following the transaction, the executive vice president now owns 6,373 shares of the company’s stock, valued at approximately $638,702.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 373,052 shares of company stock valued at $38,603,796. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CHD shares. JPMorgan Chase & Co. lifted their price objective on shares of Church & Dwight from $87.00 to $95.00 and gave the stock an “underweight” rating in a report on Thursday, January 18th. TheStreet upgraded shares of Church & Dwight from a “c+” rating to a “b” rating in a research note on Friday, February 2nd. Truist Financial increased their price target on Church & Dwight from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Bank of America increased their target price on shares of Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Finally, Stifel Nicolaus increased their price objective on Church & Dwight from $91.00 to $99.00 and gave the stock a “hold” rating in a report on Monday, February 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Church & Dwight currently has a consensus rating of “Hold” and a consensus target price of $104.07.

Church & Dwight Trading Up 0.5 %

Shares of NYSE:CHD traded up $0.49 on Tuesday, reaching $107.40. 272,882 shares of the company traded hands, compared to its average volume of 1,265,552. The stock has a market capitalization of $26.19 billion, a P/E ratio of 35.23, a price-to-earnings-growth ratio of 3.55 and a beta of 0.53. The business’s 50-day simple moving average is $103.10 and its 200 day simple moving average is $97.38. The company has a current ratio of 1.08, a quick ratio of 0.64 and a debt-to-equity ratio of 0.57. Church & Dwight Co., Inc. has a 52 week low of $82.25 and a 52 week high of $108.10.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, February 2nd. The company reported $0.65 earnings per share for the quarter, meeting the consensus estimate of $0.65. Church & Dwight had a return on equity of 20.28% and a net margin of 12.88%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. As a group, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.44 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were given a dividend of $0.2838 per share. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, February 14th. This represents a $1.14 dividend on an annualized basis and a yield of 1.06%. Church & Dwight’s dividend payout ratio is presently 37.17%.

About Church & Dwight

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.