Farringdon Capital Ltd. Acquires New Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Farringdon Capital Ltd. purchased a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,680 shares of the company's stock, valued at approximately $909,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. YANKCOM Partnership acquired a new position in shares of Church & Dwight in the 4th quarter worth approximately $25,000. Versant Capital Management Inc boosted its stake in Church & Dwight by 224.4% in the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company's stock worth $28,000 after purchasing an additional 184 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Church & Dwight during the fourth quarter worth $39,000. Bernard Wealth Management Corp. acquired a new stake in shares of Church & Dwight in the fourth quarter valued at $40,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Church & Dwight in the fourth quarter valued at about $43,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on CHD shares. Stifel Nicolaus raised their price objective on shares of Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating on the stock in a report on Friday, April 11th. Piper Sandler lowered their target price on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Truist Financial raised their price target on Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Finally, Bank of America raised Church & Dwight from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $112.00 to $125.00 in a report on Tuesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $112.59.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Maynadier Patrick D. De sold 54,510 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $115.98, for a total value of $6,322,069.80. Following the sale, the executive vice president now owns 10,497 shares in the company, valued at $1,217,442.06. This trade represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Rene Hemsey sold 11,060 shares of the company's stock in a transaction 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 transaction, the executive vice president now owns 6,437 shares of the company's stock, valued at $707,941.26. This trade represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,570 shares of company stock worth $7,538,449 over the last three months. Corporate insiders own 1.20% of the company's stock.

Church & Dwight Stock Performance

NYSE:CHD traded up $2.36 during mid-day trading on Friday, hitting $105.32. 1,703,949 shares of the stock were exchanged, compared to its average volume of 1,516,035. The firm's 50-day simple moving average is $107.23 and its 200 day simple moving average is $106.10. The stock has a market capitalization of $25.92 billion, a price-to-earnings ratio of 44.44, a price-to-earnings-growth ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a fifty-two week low of $96.35 and a fifty-two week high of $116.46. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70.

Church & Dwight (NYSE:CHD - Get Free Report) last released its 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 prior year, the business posted $0.65 earnings per share. As a group, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.12%. This is a boost from Church & Dwight's previous quarterly dividend of $0.28. The ex-dividend date was Friday, February 14th. Church & Dwight's dividend payout ratio (DPR) is 49.79%.

About Church & Dwight

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.