OLD National Bancorp IN Sells 1,594 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Posted by Defense World Staff on Apr 24th, 2023

OLD National Bancorp IN cut its stake in Church & Dwight Co., Inc. (NYSE:CHD – Get Rating) by 9.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,871 shares of the company’s stock after selling 1,594 shares during the period. OLD National Bancorp IN’s holdings in Church & Dwight were worth $1,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Barclays PLC grew its holdings in Church & Dwight by 12.2% during the third quarter. Barclays PLC now owns 630,391 shares of the company’s stock valued at $45,033,000 after purchasing an additional 68,726 shares during the period. Neo Ivy Capital Management bought a new stake in Church & Dwight during the third quarter worth $243,000. ExodusPoint Capital Management LP increased its holdings in shares of Church & Dwight by 4,312.9% in the third quarter. ExodusPoint Capital Management LP now owns 149,994 shares of the company’s stock valued at $10,716,000 after purchasing an additional 146,595 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of Church & Dwight by 35.1% in the fourth quarter. National Bank of Canada FI now owns 20,643 shares of the company’s stock valued at $1,664,000 after purchasing an additional 5,358 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Church & Dwight by 10.2% in the third quarter. Nisa Investment Advisors LLC now owns 67,037 shares of the company’s stock valued at $4,809,000 after purchasing an additional 6,190 shares during the last quarter. 80.86% of the stock is owned by institutional investors.

Insider Transactions at Church & Dwight

In related news, Director Ravichandra Krishnamu Saligram sold 17,544 shares of the business’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $84.00, for a total value of $1,473,696.00. Following the transaction, the director now directly owns 33,835 shares of the company’s stock, valued at approximately $2,842,140. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Paul Richard Wood sold 48,262 shares of the company’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $83.37, for a total transaction of $4,023,602.94. Following the sale, the executive vice president now directly owns 120 shares in the company, valued at $10,004.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ravichandra Krishnamu Saligram sold 17,544 shares of the company’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $84.00, for a total value of $1,473,696.00. Following the sale, the director now owns 33,835 shares in the company, valued at $2,842,140. The disclosure for this sale can be found here. Insiders sold a total of 83,350 shares of company stock worth $6,969,241 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Church & Dwight Stock Performance

Shares of CHD stock opened at $91.61 on Monday. The company has a market cap of $22.36 billion, a price-to-earnings ratio of 54.53, a price-to-earnings-growth ratio of 3.90 and a beta of 0.46. Church & Dwight Co., Inc. has a 52 week low of $70.16 and a 52 week high of $105.28. The company has a quick ratio of 0.63, a current ratio of 1.18 and a debt-to-equity ratio of 0.74. The firm has a 50 day moving average of $86.16 and a 200-day moving average of $81.31.

Church & Dwight (NYSE:CHD – Get Rating) last announced its quarterly earnings results on Friday, February 3rd. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.40 billion. Church & Dwight had a net margin of 7.70% and a return on equity of 20.70%. Church & Dwight’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 EPS. On average, equities analysts forecast that Church & Dwight Co., Inc. will post 3.08 earnings per share for the current year.

Church & Dwight Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th were paid a $0.2725 dividend. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Tuesday, February 14th. This represents a $1.09 annualized dividend and a dividend yield of 1.19%. Church & Dwight’s dividend payout ratio is presently 64.88%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CHD. JPMorgan Chase & Co. upped their price target on shares of Church & Dwight from $75.00 to $81.00 and gave the company an “underweight” rating in a research note on Friday, January 13th. UBS Group upped their price target on shares of Church & Dwight from $88.00 to $93.00 and gave the company a “neutral” rating in a research note on Thursday, April 6th. Atlantic Securities upgraded shares of Church & Dwight from an “underweight” rating to a “neutral” rating and set a $80.00 price target on the stock in a research note on Monday, February 6th. Wells Fargo & Company increased their price objective on shares of Church & Dwight from $82.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. Finally, Stifel Nicolaus increased their price objective on shares of Church & Dwight from $79.00 to $85.00 and gave the stock a “hold” rating in a research note on Monday, February 6th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $88.69.

About Church & Dwight

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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.