Church & Dwight Co., Inc. (NYSE:CHD) Stock Holdings Trimmed by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 467,676 shares of the company’s stock after selling 2,123 shares during the period. PNC Financial Services Group Inc. owned approximately 0.19% of Church & Dwight worth $48,970,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Lake Street Advisors Group LLC raised its stake in Church & Dwight by 3.7% during the 4th quarter. Lake Street Advisors Group LLC now owns 2,692 shares of the company’s stock valued at $282,000 after acquiring an additional 97 shares in the last quarter. Empowered Funds LLC increased its position in shares of Church & Dwight by 2.8% during the 3rd quarter. Empowered Funds LLC now owns 3,651 shares of the company’s stock valued at $382,000 after purchasing an additional 99 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Church & Dwight by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,005 shares of the company’s stock valued at $2,199,000 after purchasing an additional 103 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Church & Dwight by 0.3% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,066 shares of the company’s stock valued at $3,358,000 after purchasing an additional 104 shares during the period. Finally, HCR Wealth Advisors increased its position in shares of Church & Dwight by 0.9% during the 4th quarter. HCR Wealth Advisors now owns 11,754 shares of the company’s stock valued at $1,231,000 after purchasing an additional 106 shares during the period. Institutional investors own 86.60% of the company’s stock.

Insiders Place Their Bets

In related news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $106.11, for a total transaction of $1,061,100.00. Following the transaction, the director now directly owns 32,500 shares in the company, valued at $3,448,575. The trade was a 23.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael Read purchased 1,100 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were purchased at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the completion of the purchase, the executive vice president now directly owns 2,505 shares of the company’s stock, valued at approximately $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. Insiders sold 10,002 shares of company stock valued at $1,061,315 over the last quarter. Insiders own 2.00% of the company’s stock.

Church & Dwight Price Performance

CHD opened at $112.48 on Monday. The stock has a market cap of $27.67 billion, a price-to-earnings ratio of 47.46, a PEG ratio of 3.32 and a beta of 0.57. Church & Dwight Co., Inc. has a 1 year low of $96.35 and a 1 year high of $114.60. 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 stock has a fifty day moving average price of $106.23 and a 200 day moving average price of $105.40.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same quarter in the previous year, the business earned $0.65 earnings per share. Analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.295 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.05%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s payout ratio is currently 49.79%.

Wall Street Analyst Weigh In

CHD has been the topic of several research analyst reports. Piper Sandler lowered their price target on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Stifel Nicolaus lifted their price target on Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research report on Monday, February 3rd. Barclays lifted their price target on Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a research report on Tuesday, February 4th. Royal Bank of Canada restated a “sector perform” rating and issued a $105.00 target price on shares of Church & Dwight in a report on Monday, February 3rd. Finally, Truist Financial lifted their target price on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $111.56.

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.