Palumbo Wealth Management LLC Has $2.22 Million Position in Church & Dwight Co., Inc. (NYSE:CHD)

Palumbo Wealth Management LLC grew its position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 18.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,156 shares of the company's stock after purchasing an additional 3,343 shares during the period. Palumbo Wealth Management LLC's holdings in Church & Dwight were worth $2,215,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. YANKCOM Partnership purchased a new stake in Church & Dwight during the fourth quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new stake in Church & Dwight during the 3rd quarter worth $27,000. Ashton Thomas Securities LLC acquired a new stake in Church & Dwight in the 3rd quarter valued at $28,000. Versant Capital Management Inc raised its position in Church & Dwight by 224.4% in the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company's stock valued at $28,000 after purchasing an additional 184 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Church & Dwight during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 86.60% of the company's stock.

Analyst Upgrades and Downgrades

CHD has been the topic of several analyst reports. Barclays raised their target price on Church & Dwight from $90.00 to $93.00 and gave the company an "underweight" rating in a report on Tuesday, February 4th. Wells Fargo & Company lifted their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Royal Bank of Canada reissued a "sector perform" rating and set a $105.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. Piper Sandler lowered their price target on shares of Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Finally, TD Cowen raised their target price on Church & Dwight from $114.00 to $117.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, seven have issued 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 $111.53.

Insider Transactions at Church & Dwight

In other Church & Dwight news, CAO Joseph James Longo sold 7,780 shares of Church & Dwight stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $112.44, for a total transaction of $874,783.20. Following the transaction, the chief accounting officer now directly owns 400 shares in the company, valued at approximately $44,976. The trade was a 95.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maynadier Patrick D. De sold 45,120 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $112.19, for a total value of $5,062,012.80. Following the completion of the sale, the executive vice president now owns 10,325 shares of the company's stock, valued at $1,158,361.75. The trade was a 81.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,422 shares of company stock valued at $11,424,351 in the last quarter. Insiders own 1.40% of the company's stock.

Church & Dwight Stock Performance

NYSE CHD traded up $0.47 during trading hours on Wednesday, hitting $104.33. The company had a trading volume of 1,094,722 shares, compared to its average volume of 1,556,435. Church & Dwight Co., Inc. has a fifty-two week low of $96.35 and a fifty-two week high of $113.50. The firm has a market cap of $25.66 billion, a P/E ratio of 44.02, a price-to-earnings-growth ratio of 3.34 and a beta of 0.59. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $105.40 and a 200-day simple moving average of $104.66.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, meeting analysts' consensus estimates of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same quarter in the previous year, the firm earned $0.65 EPS. Equities analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a dividend of $0.295 per share. This is a positive change from Church & Dwight's previous quarterly dividend of $0.28. This represents a $1.18 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Friday, February 14th. 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, 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.