Church & Dwight Co., Inc. (NYSE:CHD) Stake Decreased by Toronto Dominion Bank

Toronto Dominion Bank lowered its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 37.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,651 shares of the company’s stock after selling 48,664 shares during the quarter. Toronto Dominion Bank’s holdings in Church & Dwight were worth $8,654,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. YANKCOM Partnership acquired a new stake in shares of Church & Dwight in the fourth quarter valued at $25,000. Strategic Financial Concepts LLC purchased a new position in shares of Church & Dwight in the fourth quarter worth approximately $39,000. Bernard Wealth Management Corp. acquired a new stake in Church & Dwight during the 4th quarter valued at $40,000. Bank of Jackson Hole Trust acquired a new position in Church & Dwight during the fourth quarter valued at $43,000. Finally, Banque Transatlantique SA purchased a new stake in shares of Church & Dwight in the fourth quarter worth approximately $46,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Church & Dwight Trading Up 0.9%

Shares of NYSE CHD opened at $96.83 on Wednesday. Church & Dwight Co., Inc. has a 1-year low of $90.99 and a 1-year high of $116.46. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average of $101.78 and a two-hundred day moving average of $105.21. The company has a market cap of $23.85 billion, a PE ratio of 40.86, a P/E/G ratio of 3.32 and a beta of 0.55.

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

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a $0.295 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a yield of 1.22%. Church & Dwight’s payout ratio is presently 50.64%.

Analyst Ratings Changes

Several analysts recently issued reports on CHD shares. JPMorgan Chase & Co. cut their price objective on Church & Dwight from $106.00 to $98.00 and set an “underweight” rating for the company in a report on Friday, April 11th. Oppenheimer lowered their target price on shares of Church & Dwight from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Royal Bank of Canada cut their price target on Church & Dwight from $105.00 to $100.00 and set a “sector perform” rating for the company in a report on Friday, May 2nd. Wells Fargo & Company increased their target price on shares of Church & Dwight from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, April 2nd. Finally, Bank of America upgraded shares of Church & Dwight from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $112.00 to $125.00 in a research note on Tuesday, April 15th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $109.13.

Insiders Place Their Bets

In related news, EVP Maynadier Patrick D. De sold 54,510 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the completion of the sale, the executive vice president now directly owns 10,497 shares of the company’s stock, valued at approximately $1,217,442.06. This represents a 83.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard A. Dierker acquired 7,950 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average price of $94.66 per share, for a total transaction of $752,547.00. Following the completion of the acquisition, the chief executive officer now owns 16,358 shares of the company’s stock, valued at $1,548,448.28. This trade represents a 94.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 80,230 shares of company stock valued at $8,903,734. Company insiders own 2.00% of the company’s stock.

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 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.