JPMorgan Chase & Co. Purchases 1,190,154 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

JPMorgan Chase & Co. raised its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 19.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,336,046 shares of the company's stock after acquiring an additional 1,190,154 shares during the period. JPMorgan Chase & Co. owned approximately 2.99% of Church & Dwight worth $768,157,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Board of the Pension Protection Fund acquired a new stake in Church & Dwight in the fourth quarter worth about $639,000. Oddo BHF Asset Management Sas acquired a new stake in shares of Church & Dwight in the 3rd quarter worth approximately $5,934,000. American Century Companies Inc. boosted its holdings in shares of Church & Dwight by 0.5% in the fourth quarter. American Century Companies Inc. now owns 1,426,177 shares of the company's stock valued at $149,335,000 after acquiring an additional 6,425 shares in the last quarter. Financial Enhancement Group LLC increased its stake in shares of Church & Dwight by 456.2% during the fourth quarter. Financial Enhancement Group LLC now owns 60,585 shares of the company's stock valued at $6,232,000 after acquiring an additional 49,693 shares during the period. Finally, Merit Financial Group LLC lifted its position in Church & Dwight by 131.0% in the fourth quarter. Merit Financial Group LLC now owns 5,769 shares of the company's stock worth $604,000 after purchasing an additional 3,272 shares during the period. Institutional investors own 86.60% of the company's stock.

Wall Street Analyst Weigh In

CHD has been the topic of several research analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and set a $105.00 price target on shares of Church & Dwight in a research report on Monday, February 3rd. Barclays upped their price target on shares of Church & Dwight from $93.00 to $97.00 and gave the company an "underweight" rating in a report on Thursday. Truist Financial lifted their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Stifel Nicolaus increased their target price on shares of Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Church & Dwight from $107.00 to $106.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $111.81.

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Church & Dwight Stock Up 0.8 %

Church & Dwight stock traded up $0.90 during mid-day trading on Monday, hitting $110.01. The company's stock had a trading volume of 3,010,297 shares, compared to its average volume of 1,468,782. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. Church & Dwight Co., Inc. has a 52-week low of $96.35 and a 52-week high of $116.46. The firm's 50 day moving average is $107.65 and its 200 day moving average is $105.95. The company has a market cap of $27.08 billion, a PE ratio of 46.42, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same period last year, the business earned $0.65 earnings per share. On average, 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 announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.295 dividend. This is a positive change from Church & Dwight's previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight's dividend payout ratio is presently 49.79%.

Insider Transactions at Church & Dwight

In related news, EVP Rene Hemsey sold 11,060 shares of Church & Dwight 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 sale, the executive vice president now owns 6,437 shares of the company's stock, valued at approximately $707,941.26. The trade was a 63.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the company's stock in a transaction on Monday, March 10th. The stock was 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 owns 10,497 shares of the company's stock, valued at $1,217,442.06. This represents a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,570 shares of company stock valued at $7,538,449 in the last three months. 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.