Tributary Capital Management LLC Lowers Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Tributary Capital Management LLC decreased its holdings in Church & Dwight Co., Inc. (NYSE:CHDFree Report) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,080 shares of the company’s stock after selling 230 shares during the quarter. Tributary Capital Management LLC’s holdings in Church & Dwight were worth $427,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of Church & Dwight during the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Church & Dwight during the 3rd quarter worth about $28,000. Versant Capital Management Inc grew its holdings in shares of Church & Dwight by 224.4% during the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 184 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Church & Dwight during the 2nd quarter worth about $33,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of Church & Dwight during the 2nd quarter worth about $46,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Activity at Church & Dwight

In related news, CEO Matthew Farrell sold 300,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $103.84, for a total transaction of $31,152,000.00. Following the completion of the sale, the chief executive officer now owns 112,719 shares of the company’s stock, valued at $11,704,740.96. This represents a 72.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Read acquired 1,100 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of $106.82 per share, with a total value of $117,502.00. Following the transaction, the executive vice president now owns 2,505 shares in the company, valued at approximately $267,584.10. The trade was a 78.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 593,035 shares of company stock valued at $62,282,808 in the last quarter. Insiders own 2.00% of the company’s stock.

Church & Dwight Price Performance

CHD opened at $106.31 on Friday. The company has a 50-day moving average of $106.71 and a 200-day moving average of $104.08. The company has a market capitalization of $26.05 billion, a P/E ratio of 47.67, a PEG ratio of 3.29 and a beta of 0.58. Church & Dwight Co., Inc. has a 1-year low of $96.09 and a 1-year high of $113.50. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62.

Church & Dwight (NYSE:CHDGet Free Report) last released its earnings results on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.11. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.74 EPS. Equities analysts expect that Church & Dwight Co., Inc. will post 3.44 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Friday, November 15th. Church & Dwight’s dividend payout ratio is presently 50.67%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CHD. Piper Sandler boosted their target price on Church & Dwight from $124.00 to $128.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Stifel Nicolaus decreased their target price on Church & Dwight from $105.00 to $103.00 and set a “hold” rating for the company in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft upped their price target on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, November 4th. TD Cowen upped their price target on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. upped their price target on Church & Dwight from $99.00 to $107.00 and gave the stock an “underweight” rating in a report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $110.61.

View Our Latest Research Report on CHD

Church & Dwight Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Church & Dwight (NYSE:CHD)

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