Envestnet Portfolio Solutions Inc. Decreases Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Envestnet Portfolio Solutions Inc. reduced its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 16.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 20,484 shares of the company’s stock after selling 4,152 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Church & Dwight were worth $2,145,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CHD. Empowered Funds LLC grew its stake in Church & Dwight by 2.8% during the third quarter. Empowered Funds LLC now owns 3,651 shares of the company’s stock worth $382,000 after buying an additional 99 shares during the period. Thrivent Financial for Lutherans grew its stake in Church & Dwight by 5.7% during the third quarter. Thrivent Financial for Lutherans now owns 30,266 shares of the company’s stock worth $3,170,000 after buying an additional 1,638 shares during the period. Quest Partners LLC purchased a new stake in Church & Dwight during the third quarter worth approximately $253,000. Caprock Group LLC boosted its stake in shares of Church & Dwight by 3.5% in the third quarter. Caprock Group LLC now owns 10,847 shares of the company’s stock valued at $1,136,000 after purchasing an additional 363 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Church & Dwight in the third quarter valued at $616,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays upped their target price on shares of Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a research note on Tuesday, February 4th. Royal Bank of Canada restated a “sector perform” rating and issued a $105.00 target price on shares of Church & Dwight in a research note on Monday, February 3rd. Truist Financial upped their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Piper Sandler decreased their target price on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Finally, Stifel Nicolaus upped their target price on shares of Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $111.56.

Church & Dwight Stock Up 0.2 %

Shares of NYSE:CHD opened at $108.20 on Friday. The stock has a market capitalization of $26.61 billion, a price-to-earnings ratio of 45.65, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. Church & Dwight Co., Inc. has a 1-year low of $96.35 and a 1-year high of $116.46. The company’s fifty day moving average is $107.31 and its two-hundred day moving average is $105.84. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70.

Church & Dwight (NYSE:CHD) last released its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share 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 period in the previous year, the firm posted $0.65 EPS. Equities analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Friday, February 14th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio (DPR) is 49.79%.

Insider Buying and Selling

In related 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 completion of the transaction, the executive vice president now owns 10,497 shares in the company, valued at $1,217,442.06. This represents a 83.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Rene Hemsey sold 11,060 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the completion of the transaction, the executive vice president now owns 6,437 shares of the company’s stock, valued at $707,941.26. This represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,570 shares of company stock valued at $7,538,449 in the last quarter. Company insiders own 2.00% of the company’s stock.

About Church & Dwight

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.