Elevation Point Wealth Partners LLC Sells 6,417 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Elevation Point Wealth Partners LLC trimmed its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 75.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,096 shares of the company’s stock after selling 6,417 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Church & Dwight were worth $231,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Church & Dwight by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 30,691,064 shares of the company’s stock valued at $3,213,661,000 after buying an additional 193,602 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Church & Dwight by 19.4% in the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company’s stock valued at $768,157,000 after buying an additional 1,190,154 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Church & Dwight by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company’s stock valued at $617,794,000 after buying an additional 148,234 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Church & Dwight by 0.5% in the fourth quarter. Stifel Financial Corp now owns 4,316,414 shares of the company’s stock valued at $451,975,000 after buying an additional 20,887 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Church & Dwight in the fourth quarter valued at $318,532,000. 86.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CHD shares. Truist Financial set a $110.00 price objective on shares of Church & Dwight and gave the company a “buy” rating in a research note on Friday, June 6th. TD Cowen lowered shares of Church & Dwight from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a research report on Tuesday, May 6th. Morgan Stanley dropped their price target on shares of Church & Dwight from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, May 5th. UBS Group dropped their price target on shares of Church & Dwight from $110.00 to $102.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. Finally, Royal Bank of Canada raised shares of Church & Dwight from a “sector perform” rating to an “outperform” rating and raised their price target for the company from $100.00 to $114.00 in a research report on Monday, June 2nd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $108.67.

Church & Dwight Stock Performance

NYSE CHD opened at $97.78 on Tuesday. Church & Dwight Co., Inc. has a 52-week low of $90.99 and a 52-week high of $116.46. The company has a 50-day simple moving average of $98.33 and a 200 day simple moving average of $103.81. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. The company has a market capitalization of $24.08 billion, a PE ratio of 41.26, a price-to-earnings-growth ratio of 3.32 and a beta of 0.52.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the company posted $0.96 earnings per share. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, research analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Thursday, May 15th were issued a dividend of $0.295 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.18 dividend on an annualized basis and a yield of 1.21%. Church & Dwight’s dividend payout ratio (DPR) is presently 50.64%.

Insider Transactions at Church & Dwight

In other news, Director Ravichandra Krishnamu Saligram sold 14,660 shares of Church & Dwight stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $99.00, for a total value of $1,451,340.00. Following the completion of the transaction, the director now owns 13,747 shares in the company, valued at $1,360,953. This trade represents a 51.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Read bought 3,000 shares of Church & Dwight stock in a transaction dated Friday, May 9th. The stock was acquired at an average price of $92.07 per share, with a total value of $276,210.00. Following the purchase, the executive vice president now directly owns 5,505 shares of the company’s stock, valued at approximately $506,845.35. This represents a 119.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 44,195 shares of company stock worth $4,283,432 over the last quarter. Corporate insiders own 2.00% of the company’s stock.

Church & Dwight Company Profile

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.