Victory Capital Management Inc. Sells 3,270 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Victory Capital Management Inc. lowered its position in Church & Dwight Co., Inc. (NYSE:CHD) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 157,724 shares of the company’s stock after selling 3,270 shares during the period. Victory Capital Management Inc. owned 0.06% of Church & Dwight worth $16,515,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CHD. Holocene Advisors LP bought a new position in shares of Church & Dwight in the third quarter valued at approximately $104,795,000. State Street Corp raised its stake in shares of Church & Dwight by 8.0% in the third quarter. State Street Corp now owns 13,116,334 shares of the company’s stock valued at $1,373,542,000 after acquiring an additional 969,006 shares during the last quarter. World Investment Advisors LLC bought a new position in Church & Dwight in the 3rd quarter worth approximately $58,338,000. Barclays PLC raised its position in Church & Dwight by 63.9% in the 3rd quarter. Barclays PLC now owns 1,106,131 shares of the company’s stock worth $115,832,000 after purchasing an additional 431,257 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Church & Dwight by 5.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock worth $839,472,000 after purchasing an additional 429,863 shares during the last quarter. Institutional investors own 86.60% of the company’s stock.

Insider Transactions at Church & Dwight

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 54,510 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the transaction, the executive vice president now directly owns 10,497 shares of the company’s stock, valued at $1,217,442.06. This represents a 83.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Read purchased 1,100 shares of the stock in a transaction on Monday, December 16th. The stock was bought at an average cost of $106.82 per share, for a total transaction of $117,502.00. Following the completion of the acquisition, the executive vice president now owns 2,505 shares in the company, 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 a total of 64,510 shares of company stock worth $7,383,170 in the last three months. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Barclays boosted their price objective on shares of Church & Dwight from $90.00 to $93.00 and gave the stock 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 price objective on shares of Church & Dwight in a research report on Monday, February 3rd. Stifel Nicolaus boosted their price objective on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research report on Monday, February 3rd. Finally, Piper Sandler dropped their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $111.56.

Church & Dwight Price Performance

Shares of NYSE CHD opened at $109.04 on Thursday. The firm has a market cap of $26.82 billion, a PE ratio of 46.01, a PEG ratio of 3.32 and a beta of 0.57. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. Church & Dwight Co., Inc. has a 1-year low of $96.35 and a 1-year high of $116.46. The company has a fifty day moving average price of $106.64 and a 200 day moving average price of $105.57.

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

Church & Dwight Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.08%. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight’s dividend payout ratio is currently 49.79%.

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.