Elk River Wealth Management LLC Sells 195 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Elk River Wealth Management LLC lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,687 shares of the company’s stock after selling 195 shares during the quarter. Elk River Wealth Management LLC’s holdings in Church & Dwight were worth $3,819,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Church & Dwight by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 30,691,064 shares of the company’s stock worth $3,213,661,000 after buying an additional 193,602 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Church & Dwight by 19.4% in the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company’s stock valued at $768,157,000 after purchasing an additional 1,190,154 shares during the period. Geode Capital Management LLC grew its stake in Church & Dwight by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company’s stock valued at $617,794,000 after purchasing an additional 148,234 shares during the period. Stifel Financial Corp grew its stake in Church & Dwight by 0.5% in the 4th quarter. Stifel Financial Corp now owns 4,316,414 shares of the company’s stock valued at $451,975,000 after purchasing an additional 20,887 shares during the period. Finally, Norges Bank bought a new position in Church & Dwight in the 4th quarter valued at $318,532,000. Institutional investors own 86.60% of the company’s stock.

Insider Buying and Selling

In other Church & Dwight news, EVP Michael Read purchased 3,000 shares of the stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $92.07 per share, with a total value of $276,210.00. Following the acquisition, the executive vice president now directly owns 5,505 shares in the company, valued at approximately $506,845.35. The trade was a 119.76% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Carlen Hooker sold 11,875 shares of the firm’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $98.75, for a total value of $1,172,656.25. Following the completion of the sale, the executive vice president now directly owns 262 shares in the company, valued at approximately $25,872.50. The trade was a 97.84% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 109,765 shares of company stock valued at $11,821,881. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CHD shares. Bank of America upgraded Church & Dwight from a “neutral” rating to a “buy” rating and upped their price objective for the company from $112.00 to $125.00 in a research note on Tuesday, April 15th. Royal Bank of Canada upgraded Church & Dwight from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $100.00 to $114.00 in a research note on Monday, June 2nd. Barclays reduced their price objective on Church & Dwight from $94.00 to $84.00 and set an “underweight” rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company upped their price objective on Church & Dwight from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, April 2nd. Finally, TD Cowen cut Church & Dwight from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research report on Tuesday, May 6th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Church & Dwight presently has a consensus rating of “Hold” and an average target price of $109.69.

Church & Dwight Stock Performance

Shares of CHD opened at $99.07 on Friday. The stock’s 50-day simple moving average is $99.13 and its 200 day simple moving average is $104.42. The stock has a market capitalization of $24.40 billion, a price-to-earnings ratio of 41.80, a price-to-earnings-growth ratio of 3.32 and a beta of 0.52. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. Church & Dwight Co., Inc. has a 52-week low of $90.99 and a 52-week high of $116.46.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 EPS. Research analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a yield of 1.19%. Church & Dwight’s dividend payout ratio (DPR) is 50.64%.

About Church & Dwight

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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.