Heritage Trust Co Purchases New Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Heritage Trust Co bought a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 3,561 shares of the company's stock, valued at approximately $373,000.

A number of other institutional investors have also recently made changes to their positions in CHD. YANKCOM Partnership bought a new stake in Church & Dwight in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc raised its stake in Church & Dwight by 224.4% during the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company's stock worth $28,000 after buying an additional 184 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in Church & Dwight in the fourth quarter valued at $39,000. Bernard Wealth Management Corp. bought a new stake in Church & Dwight during the fourth quarter valued at $40,000. Finally, Bank of Jackson Hole Trust acquired a new stake in Church & Dwight during the 4th quarter worth about $43,000. Institutional investors own 86.60% of the company's stock.

Insider Transactions at Church & Dwight

In related news, EVP Rene Hemsey sold 11,060 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total value of $1,216,378.80. Following the completion of the transaction, the executive vice president now directly owns 6,437 shares in the company, valued at approximately $707,941.26. The trade was a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $115.98, for a total value of $6,322,069.80. Following the completion of the transaction, the executive vice president now owns 10,497 shares of the company's stock, valued at $1,217,442.06. The trade was a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,570 shares of company stock valued at $7,538,449. 2.00% of the stock is currently owned by company insiders.

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Wall Street Analyst Weigh In

Several equities research analysts recently commented on CHD shares. Barclays decreased their target price on Church & Dwight from $97.00 to $94.00 and set an "underweight" rating for the company in a research note on Friday. Piper Sandler dropped their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $105.00 price target on shares of Church & Dwight in a research note on Monday, February 3rd. Bank of America raised Church & Dwight from a "neutral" rating to a "buy" rating and raised their price objective for the company from $112.00 to $125.00 in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut their target price on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $112.75.

Church & Dwight Stock Performance

Shares of NYSE:CHD traded down $0.54 during midday trading on Tuesday, reaching $105.04. The company had a trading volume of 2,307,417 shares, compared to its average volume of 1,511,556. Church & Dwight Co., Inc. has a 52-week low of $96.35 and a 52-week high of $116.46. The company's 50 day moving average price is $107.25 and its 200 day moving average price is $106.10. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The stock has a market cap of $25.85 billion, a P/E ratio of 44.32, a P/E/G ratio of 3.32 and a beta of 0.55.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same period in the prior year, the firm posted $0.65 earnings per share. As a group, sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Church & Dwight's previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a dividend yield of 1.12%. Church & Dwight's dividend payout ratio is currently 49.79%.

Church & Dwight 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.