Folger Nolan Fleming Douglas Capital Management Inc. Decreases Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Folger Nolan Fleming Douglas Capital Management Inc. lessened its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,027 shares of the company’s stock after selling 3,059 shares during the period. Church & Dwight accounts for approximately 1.5% of Folger Nolan Fleming Douglas Capital Management Inc.’s investment portfolio, making the stock its 17th biggest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Church & Dwight were worth $14,558,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CHD. Envestnet Asset Management Inc. raised its position in shares of Church & Dwight by 3.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 314,741 shares of the company’s stock valued at $32,632,000 after buying an additional 10,618 shares during the period. Dimensional Fund Advisors LP increased its stake in Church & Dwight by 15.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,168,866 shares of the company’s stock worth $121,191,000 after acquiring an additional 159,233 shares during the last quarter. Axxcess Wealth Management LLC raised its position in Church & Dwight by 4.9% in the second quarter. Axxcess Wealth Management LLC now owns 9,729 shares of the company’s stock valued at $1,009,000 after purchasing an additional 454 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Church & Dwight by 10.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 35,809 shares of the company’s stock valued at $3,672,000 after purchasing an additional 3,440 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co grew its holdings in shares of Church & Dwight by 13.0% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 23,056 shares of the company’s stock worth $2,390,000 after purchasing an additional 2,645 shares during the period. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Stock Performance

Shares of CHD opened at $106.42 on Friday. The company’s 50 day simple moving average is $106.87 and its 200-day simple moving average is $104.05. The firm has a market cap of $26.07 billion, a PE ratio of 47.72, a price-to-earnings-growth ratio of 3.12 and a beta of 0.58. Church & Dwight Co., Inc. has a 12-month low of $96.09 and a 12-month high of $113.50. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the firm posted $0.74 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities analysts predict that Church & Dwight Co., Inc. will post 3.44 EPS for the current year.

Church & Dwight Dividend Announcement

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

Wall Street Analyst Weigh In

CHD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Church & Dwight from $99.00 to $107.00 and gave the company an “underweight” rating in a research report on Thursday. Stifel Nicolaus cut their target price on Church & Dwight from $105.00 to $103.00 and set a “hold” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft raised their price target on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Piper Sandler boosted their price objective on Church & Dwight from $124.00 to $128.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Finally, TD Cowen raised their target price on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $110.61.

Insiders Place Their Bets

In related news, CAO Joseph James Longo sold 7,780 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were 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 in the company, valued at $44,976. This trade represents a 95.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Arthur B. Winkleblack sold 11,590 shares of Church & Dwight stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the sale, the director now owns 7,129 shares of the company’s stock, valued at approximately $740,275.36. The trade was a 61.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 593,035 shares of company stock worth $62,282,808. Company insiders own 1.40% of the company’s stock.

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.