Ironwood Investment Counsel LLC Reduces Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Ironwood Investment Counsel LLC cut its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,000 shares of the company’s stock after selling 100 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Church & Dwight were worth $567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in shares of Church & Dwight by 89.1% during the third quarter. JPMorgan Chase & Co. now owns 6,027,312 shares of the company’s stock valued at $552,283,000 after buying an additional 2,839,783 shares during the period. HighTower Advisors LLC raised its holdings in Church & Dwight by 99.6% in the 3rd quarter. HighTower Advisors LLC now owns 526,591 shares of the company’s stock worth $48,224,000 after purchasing an additional 262,801 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Church & Dwight by 1,474.7% in the 3rd quarter. Schroder Investment Management Group now owns 233,318 shares of the company’s stock worth $21,379,000 after purchasing an additional 218,501 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Church & Dwight by 2.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,200,426 shares of the company’s stock valued at $751,405,000 after purchasing an additional 217,047 shares in the last quarter. Finally, Liontrust Investment Partners LLP increased its position in shares of Church & Dwight by 108.1% during the third quarter. Liontrust Investment Partners LLP now owns 306,170 shares of the company’s stock valued at $28,056,000 after buying an additional 159,046 shares during the period. Institutional investors own 86.60% of the company’s stock.

Church & Dwight Price Performance

CHD stock traded down $0.37 during mid-day trading on Wednesday, hitting $106.46. The company had a trading volume of 145,995 shares, compared to its average volume of 1,263,352. The company has a market capitalization of $26.03 billion, a price-to-earnings ratio of 33.81, a P/E/G ratio of 3.50 and a beta of 0.51. The company has a 50-day moving average price of $104.56 and a 200 day moving average price of $98.66. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54. Church & Dwight Co., Inc. has a 12-month low of $82.25 and a 12-month high of $108.68.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 earnings per share. On average, research analysts anticipate that Church & Dwight Co., Inc. will post 3.46 earnings per share for the current year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be given a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.07%. The ex-dividend date is Tuesday, May 14th. Church & Dwight’s dividend payout ratio is presently 35.87%.

Insider Buying and Selling

In other Church & Dwight news, EVP Barry A. Bruno sold 9,926 shares of Church & Dwight stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total value of $1,037,763.30. Following the completion of the transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at approximately $451,551.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Church & Dwight news, CEO Matthew Farrell sold 275,000 shares of Church & Dwight stock in a transaction on Monday, March 11th. The shares were sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the completion of the transaction, the chief executive officer now directly owns 112,719 shares of the company’s stock, valued at $11,703,613.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Barry A. Bruno sold 9,926 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total transaction of $1,037,763.30. Following the completion of the sale, the executive vice president now owns 4,319 shares of the company’s stock, valued at approximately $451,551.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 376,972 shares of company stock worth $39,133,366. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CHD. Oppenheimer raised their price objective on shares of Church & Dwight from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, April 23rd. TheStreet raised Church & Dwight from a “c+” rating to a “b” rating in a research note on Friday, February 2nd. Truist Financial increased their price objective on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. decreased their price target on shares of Church & Dwight from $98.00 to $97.00 and set an “underweight” rating on the stock in a research report on Friday, May 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Church & Dwight from $109.00 to $112.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $105.56.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.