Burling Wealth Partners LLC Makes New $2.70 Million Investment in Church & Dwight Co., Inc. (NYSE:CHD)

Burling Wealth Partners LLC bought a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 25,739 shares of the company's stock, valued at approximately $2,695,000.

Several other large investors have also made changes to their positions in CHD. Vanguard Group Inc. raised its holdings in Church & Dwight by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 30,691,064 shares of the company's stock worth $3,213,661,000 after purchasing an additional 193,602 shares during the period. JPMorgan Chase & Co. raised its stake in Church & Dwight by 19.4% during the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock worth $768,157,000 after buying an additional 1,190,154 shares during the period. Geode Capital Management LLC lifted its holdings in Church & Dwight by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company's stock worth $617,794,000 after acquiring an additional 148,234 shares in the last quarter. Stifel Financial Corp grew its stake in 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 acquiring an additional 20,887 shares during the period. Finally, Norges Bank bought a new stake in shares of Church & Dwight in the fourth quarter worth about $318,532,000. Institutional investors and hedge funds own 86.60% of the company's stock.

Analysts Set New Price Targets

CHD has been the subject of several recent research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $105.00 price objective on shares of Church & Dwight in a research report on Monday, February 3rd. Truist Financial lifted their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Stifel Nicolaus increased their target price on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a "hold" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a research report on Friday, April 11th. Finally, Bank of America raised shares of Church & Dwight from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $112.00 to $125.00 in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Church & Dwight currently has an average rating of "Hold" and a consensus price target of $112.29.

Insider Transactions at Church & Dwight

In related news, EVP Rene Hemsey sold 11,060 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the completion of the sale, the executive vice president now directly owns 6,437 shares of the company's stock, valued at approximately $707,941.26. This trade represents a 63.21 % decrease in their position. 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 business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the completion of the sale, the executive vice president now directly owns 10,497 shares of the company's stock, valued at approximately $1,217,442.06. This trade represents a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,570 shares of company stock valued at $7,538,449 in the last ninety days. Corporate insiders own 2.00% of the company's stock.

Church & Dwight Stock Down 0.5 %

Shares of Church & Dwight stock traded down $0.53 on Monday, reaching $98.78. The company's stock had a trading volume of 2,754,453 shares, compared to its average volume of 1,550,162. The company has a market capitalization of $24.31 billion, a price-to-earnings ratio of 41.68, a P/E/G ratio of 3.32 and a beta of 0.55. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. Church & Dwight Co., Inc. has a 52 week low of $96.35 and a 52 week high of $116.46. The firm's fifty day simple moving average is $106.84 and its two-hundred day simple moving average is $106.18.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its earnings results on Friday, January 31st. The company reported $0.77 earnings per share (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 previous year, the company earned $0.65 EPS. Equities analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were paid a $0.295 dividend. This is an increase from Church & Dwight's previous quarterly dividend of $0.28. The ex-dividend date was Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a yield of 1.19%. Church & Dwight's payout ratio is presently 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.