Redmond Asset Management LLC Acquires 13,008 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Redmond Asset Management LLC boosted its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 311.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,189 shares of the company's stock after acquiring an additional 13,008 shares during the quarter. Redmond Asset Management LLC's holdings in Church & Dwight were worth $1,800,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Holocene Advisors LP bought a new stake in Church & Dwight in the third quarter valued at approximately $104,795,000. State Street Corp lifted its position in shares of Church & Dwight by 8.0% in the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company's stock worth $1,373,542,000 after purchasing an additional 969,006 shares during the period. World Investment Advisors LLC bought a new stake in shares of Church & Dwight in the 3rd quarter valued at $58,338,000. Barclays PLC increased its position in shares of Church & Dwight by 63.9% during the third quarter. Barclays PLC now owns 1,106,131 shares of the company's stock worth $115,832,000 after buying an additional 431,257 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Church & Dwight by 5.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company's stock worth $839,472,000 after buying an additional 429,863 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Michael Read acquired 1,100 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the completion of the purchase, the executive vice president now owns 2,505 shares in the company, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Rick Spann sold 39,520 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $112.00, for a total value of $4,426,240.00. Following the completion of the sale, the executive vice president now directly owns 4,973 shares of the company's stock, valued at $556,976. This represents a 88.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,522 shares of company stock valued at $5,487,555 in the last ninety days. 2.00% of the stock is currently owned by insiders.

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Church & Dwight Stock Down 1.8 %

Church & Dwight stock traded down $1.94 during midday trading on Wednesday, hitting $108.63. 1,874,416 shares of the stock were exchanged, compared to its average volume of 1,609,803. 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 stock has a market capitalization of $26.72 billion, a price-to-earnings ratio of 45.84, a price-to-earnings-growth ratio of 3.32 and a beta of 0.59. Church & Dwight Co., Inc. has a 52-week low of $96.35 and a 52-week high of $113.50. The business's 50-day moving average price is $105.48 and its 200-day moving average price is $104.84.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, hitting 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 period in the prior year, the firm posted $0.65 EPS. On average, research analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's dividend payout ratio is 49.79%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CHD. Deutsche Bank Aktiengesellschaft upped their price target on shares of Church & Dwight from $114.00 to $115.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Barclays upped their target price on Church & Dwight from $90.00 to $93.00 and gave the company an "underweight" rating in a research report on Tuesday, February 4th. Wells Fargo & Company boosted their price target on Church & Dwight from $113.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. 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 research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. dropped their target price 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 investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $111.47.

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.