Amalgamated Bank Cuts Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Amalgamated Bank trimmed its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 1.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 49,406 shares of the company’s stock after selling 650 shares during the period. Amalgamated Bank’s holdings in Church & Dwight were worth $5,173,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. YANKCOM Partnership purchased a new position in Church & Dwight in the 4th quarter worth approximately $25,000. Capital Performance Advisors LLP bought a new stake in shares of Church & Dwight during the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC purchased a new position in shares of Church & Dwight in the third quarter worth $28,000. Versant Capital Management Inc boosted its position in shares of Church & Dwight by 224.4% during the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after acquiring an additional 184 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in Church & Dwight during the fourth quarter valued at $39,000. Institutional investors own 86.60% of the company’s stock.

Insider Activity

In other Church & Dwight news, EVP Rick Spann sold 39,520 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $112.00, for a total value of $4,426,240.00. Following the completion of the sale, the executive vice president now directly owns 4,973 shares of the company’s stock, valued at $556,976. The trade was a 88.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $3,448,575. This trade represents a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,522 shares of company stock valued at $5,487,555. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Piper Sandler decreased their price target on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft increased their price target on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, November 4th. TD Cowen lifted their price objective on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Stifel Nicolaus increased their target price on Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research report on Monday, February 3rd. Finally, Barclays boosted their price target 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $111.47.

Church & Dwight Stock Performance

Shares of NYSE:CHD opened at $109.39 on Friday. 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 12 month low of $96.35 and a 12 month high of $113.50. The company has a market capitalization of $26.91 billion, a price-to-earnings ratio of 46.16, a PEG ratio of 3.32 and a beta of 0.59. The firm’s 50-day moving average is $105.61 and its 200 day moving average is $104.89.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, January 31st. The company reported $0.77 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 EPS. Research analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.295 per share. This represents a $1.18 annualized dividend 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 is Friday, February 14th. Church & Dwight’s dividend payout ratio (DPR) is 49.79%.

Church & Dwight 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.