Huntington National Bank reduced its position in shares of Church & Dwight Co., Inc. (NYSE:CHD – Free Report) by 7.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 79,408 shares of the company’s stock after selling 6,309 shares during the period. Huntington National Bank’s holdings in Church & Dwight were worth $6,658,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of CHD. Connecticut Capital Management Group LLC acquired a new position in Church & Dwight in the 4th quarter valued at $266,000. Integrity Alliance LLC. raised its stake in Church & Dwight by 4.6% in the 4th quarter. Integrity Alliance LLC. now owns 2,500 shares of the company’s stock valued at $210,000 after purchasing an additional 111 shares during the last quarter. Bleakley Financial Group LLC raised its stake in Church & Dwight by 3.7% in the 4th quarter. Bleakley Financial Group LLC now owns 24,107 shares of the company’s stock valued at $2,021,000 after purchasing an additional 866 shares during the last quarter. Harbour Investments Inc. raised its stake in Church & Dwight by 79.8% in the 4th quarter. Harbour Investments Inc. now owns 669 shares of the company’s stock valued at $59,000 after purchasing an additional 297 shares during the last quarter. Finally, Tandem Investment Advisors Inc. raised its stake in Church & Dwight by 11.6% in the 4th quarter. Tandem Investment Advisors Inc. now owns 797,733 shares of the company’s stock valued at $66,890,000 after purchasing an additional 82,833 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.
Church & Dwight Stock Down 0.4%
Shares of CHD opened at $97.66 on Friday. Church & Dwight Co., Inc. has a 52-week low of $81.33 and a 52-week high of $106.04. The company has a market capitalization of $23.14 billion, a PE ratio of 32.12, a price-to-earnings-growth ratio of 3.56 and a beta of 0.48. The stock has a fifty day simple moving average of $94.82 and a two-hundred day simple moving average of $92.54. The company has a quick ratio of 0.81, a current ratio of 1.22 and a debt-to-equity ratio of 0.53.
Church & Dwight Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be paid a $0.3075 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 1.3%. Church & Dwight’s dividend payout ratio (DPR) is 40.46%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on CHD. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $109.00 price objective on shares of Church & Dwight in a research note on Monday, May 4th. TD Cowen increased their price objective on Church & Dwight from $99.00 to $112.00 and gave the company a “hold” rating in a research note on Friday, February 20th. Morgan Stanley set a $105.00 price objective on Church & Dwight and gave the company an “equal weight” rating in a research note on Monday, February 2nd. UBS Group reissued a “neutral” rating and issued a $100.00 price objective (up from $98.00) on shares of Church & Dwight in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. increased their price objective on Church & Dwight from $98.00 to $99.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $102.53.
Read Our Latest Research Report on CHD
Insider Activity
In other Church & Dwight news, Director Penry W. Price sold 5,960 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $94.86, for a total value of $565,365.60. Following the completion of the sale, the director directly owned 30,070 shares of the company’s stock, valued at $2,852,440.20. This trade represents a 16.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by company insiders.
Church & Dwight Profile
Church & Dwight Co, Inc is a U.S.-based consumer products company best known for its Arm & Hammer baking soda business. Founded in 1846 with the manufacture and marketing of sodium bicarbonate, the company has grown into a diversified maker and marketer of household, personal care and specialty products. Church & Dwight is publicly traded on the New York Stock Exchange under the ticker CHD and is headquartered in Ewing, New Jersey.
The company’s portfolio spans a range of categories including household cleaning and laundry, oral care, personal care, sexual wellness and health & wellness.
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