Bath Savings Trust Co Lowers Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Bath Savings Trust Co lowered its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,702 shares of the company’s stock after selling 13,415 shares during the period. Church & Dwight makes up 2.1% of Bath Savings Trust Co’s investment portfolio, making the stock its 12th largest holding. Bath Savings Trust Co owned about 0.08% of Church & Dwight worth $20,911,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its position in shares of Church & Dwight by 8.0% in the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company’s stock worth $1,373,542,000 after purchasing an additional 969,006 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Church & Dwight by 5.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock worth $839,472,000 after buying an additional 429,863 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Church & Dwight by 0.5% in the third quarter. Stifel Financial Corp now owns 4,295,527 shares of the company’s stock worth $449,830,000 after buying an additional 21,607 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Church & Dwight by 5.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,358,179 shares of the company’s stock worth $351,668,000 after buying an additional 175,221 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Church & Dwight by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,399,502 shares of the company’s stock valued at $146,556,000 after buying an additional 16,257 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Wall Street Analyst Weigh In

CHD has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Piper Sandler upped their target price on shares of Church & Dwight from $124.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday. JPMorgan Chase & Co. lifted their price target on shares of Church & Dwight from $98.00 to $99.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. TD Cowen increased their price objective on shares of Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company lifted their target price on shares of Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $110.00.

Insider Activity at Church & Dwight

In other news, CEO Matthew Farrell sold 165,823 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the completion of the transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at $11,613,438.57. This trade represents a 59.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Joseph James Longo sold 7,780 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $112.44, for a total transaction of $874,783.20. Following the sale, the chief accounting officer now directly owns 400 shares in the company, valued at $44,976. This represents a 95.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 593,035 shares of company stock valued at $62,282,808 in the last three months. 1.40% of the stock is owned by insiders.

Church & Dwight Trading Up 1.0 %

NYSE:CHD traded up $1.05 during midday trading on Tuesday, hitting $102.72. 495,440 shares of the company traded hands, compared to its average volume of 1,079,158. The firm’s fifty day moving average is $106.73 and its 200-day moving average is $104.15. The firm has a market capitalization of $25.17 billion, a P/E ratio of 46.06, a P/E/G ratio of 3.86 and a beta of 0.58. 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 Co., Inc. has a 12-month low of $93.45 and a 12-month high of $113.50.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.79 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 company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company posted $0.74 EPS. Church & Dwight’s quarterly revenue was up 3.8% on a year-over-year basis. On average, sell-side analysts predict that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a dividend of $0.2838 per share. The ex-dividend date was Friday, November 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.10%. Church & Dwight’s dividend payout ratio (DPR) is currently 50.67%.

Church & Dwight Company Profile

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.