Church & Dwight Co., Inc. (NYSE:CHD) Shares Sold by Spinnaker Trust

Spinnaker Trust reduced its position in Church & Dwight Co., Inc. (NYSE:CHD) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,855 shares of the company’s stock after selling 1,033 shares during the quarter. Spinnaker Trust’s holdings in Church & Dwight were worth $4,525,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chilton Capital Management LLC lifted its stake in Church & Dwight by 50.0% in the 4th quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock worth $31,000 after purchasing an additional 110 shares in the last quarter. Annapolis Financial Services LLC lifted its position in Church & Dwight by 2,087.5% during the fourth quarter. Annapolis Financial Services LLC now owns 350 shares of the company’s stock worth $33,000 after buying an additional 334 shares in the last quarter. Koesten Hirschmann & Crabtree INC. acquired a new position in Church & Dwight during the third quarter worth $38,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Church & Dwight in the 4th quarter valued at $62,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Church & Dwight by 74.7% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 685 shares of the company’s stock worth $65,000 after acquiring an additional 293 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Stock Performance

NYSE:CHD traded down $0.93 during mid-day trading on Friday, reaching $106.32. 1,037,555 shares of the stock were exchanged, compared to its average volume of 1,274,656. The stock has a market capitalization of $25.93 billion, a P/E ratio of 34.97, a P/E/G ratio of 3.59 and a beta of 0.53. Church & Dwight Co., Inc. has a 1 year low of $82.25 and a 1 year high of $108.10. The company has a 50 day simple moving average of $102.91 and a 200-day simple moving average of $97.11. The company has a quick ratio of 0.64, a current ratio of 1.08 and a debt-to-equity ratio of 0.57.

Church & Dwight (NYSE:CHD) last announced its earnings results on Friday, February 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.65. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the firm posted $0.62 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. Analysts anticipate that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were paid a dividend of $0.2838 per share. This is an increase from Church & Dwight’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.14 annualized dividend and a dividend yield of 1.07%. Church & Dwight’s dividend payout ratio is 37.17%.

Insider Buying and Selling

In other news, EVP Barry A. Bruno sold 9,926 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $104.55, for a total value of $1,037,763.30. Following the transaction, the executive vice president now owns 4,319 shares of the company’s stock, valued at $451,551.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Richard A. Dierker sold 24,380 shares of Church & Dwight stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $103.61, for a total value of $2,526,011.80. Following the sale, the chief financial officer now owns 7,634 shares of the company’s stock, valued at $790,958.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Barry A. Bruno sold 9,926 shares of the 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 transaction, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at $451,551.45. The disclosure for this sale can be found here. Insiders have sold a total of 373,052 shares of company stock valued at $38,603,796 over the last quarter. 2.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CHD shares. UBS Group lifted their target price on shares of Church & Dwight from $99.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Stifel Nicolaus lifted their price target on shares of Church & Dwight from $91.00 to $99.00 and gave the company a “hold” rating in a research report on Monday, February 5th. Deutsche Bank Aktiengesellschaft increased their price objective on Church & Dwight from $109.00 to $112.00 and gave the stock a “buy” rating in a research report on Monday. Argus raised Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Friday, February 23rd. Finally, Bank of America raised their price objective on Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and an average price target of $104.07.

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.