Wendell David Associates Inc. Sells 1,180 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Wendell David Associates Inc. reduced its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 173,665 shares of the company’s stock after selling 1,180 shares during the quarter. Church & Dwight comprises approximately 1.8% of Wendell David Associates Inc.’s holdings, making the stock its 14th largest holding. Wendell David Associates Inc. owned 0.07% of Church & Dwight worth $18,184,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHD. Amalgamated Bank grew its stake in shares of Church & Dwight by 0.8% in the 3rd quarter. Amalgamated Bank now owns 50,056 shares of the company’s stock worth $5,242,000 after buying an additional 394 shares in the last quarter. Board of the Pension Protection Fund bought a new position in shares of Church & Dwight in the 4th quarter valued at about $639,000. Oddo BHF Asset Management Sas purchased a new position in Church & Dwight in the third quarter worth about $5,934,000. Citigroup Inc. raised its position in Church & Dwight by 9.1% during the third quarter. Citigroup Inc. now owns 337,738 shares of the company’s stock valued at $35,368,000 after purchasing an additional 28,129 shares during the period. Finally, Financial Enhancement Group LLC lifted its stake in shares of Church & Dwight by 456.2% in the 4th quarter. Financial Enhancement Group LLC now owns 60,585 shares of the company’s stock valued at $6,232,000 after purchasing an additional 49,693 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Matthew Farrell sold 165,823 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the sale, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at $11,613,438.57. The trade was a 59.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Read bought 1,100 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of $106.82 per share, for a total transaction of $117,502.00. Following the completion of the transaction, the executive vice president now owns 2,505 shares in the company, valued at $267,584.10. This trade represents a 78.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 593,035 shares of company stock worth $62,282,808. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

CHD has been the topic of several recent research reports. TD Cowen increased their price target on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. lifted their price target on shares of Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Barclays upped their target price on Church & Dwight from $85.00 to $90.00 and gave the company an “underweight” rating in a research note on Friday, January 17th. Finally, Stifel Nicolaus dropped 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, January 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Church & Dwight currently has an average rating of “Hold” and a consensus price target of $110.61.

Church & Dwight Trading Down 0.0 %

Shares of NYSE:CHD opened at $106.64 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $26.13 billion, a PE ratio of 47.82, a P/E/G ratio of 3.29 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 business’s fifty day simple moving average is $106.81 and its 200-day simple moving average is $104.05.

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

Church & Dwight Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Friday, November 15th. Church & Dwight’s payout ratio is presently 50.67%.

Church & Dwight Company 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.