Financial Enhancement Group LLC Acquires 49,693 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Financial Enhancement Group LLC raised its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 456.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,585 shares of the company's stock after buying an additional 49,693 shares during the period. Financial Enhancement Group LLC's holdings in Church & Dwight were worth $6,232,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Empowered Funds LLC boosted its position in Church & Dwight by 2.8% during the third quarter. Empowered Funds LLC now owns 3,651 shares of the company's stock valued at $382,000 after buying an additional 99 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Church & Dwight by 0.3% during the third quarter. Oppenheimer & Co. Inc. now owns 32,066 shares of the company's stock valued at $3,358,000 after acquiring an additional 104 shares during the last quarter. HCR Wealth Advisors raised its stake in shares of Church & Dwight by 0.9% during the fourth quarter. HCR Wealth Advisors now owns 11,754 shares of the company's stock valued at $1,231,000 after acquiring an additional 106 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in shares of Church & Dwight by 3.3% during the third quarter. Kingsview Wealth Management LLC now owns 3,373 shares of the company's stock valued at $353,000 after acquiring an additional 107 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its stake in shares of Church & Dwight by 2.1% during the third quarter. Citizens Financial Group Inc. RI now owns 5,508 shares of the company's stock valued at $577,000 after acquiring an additional 113 shares during the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Church & Dwight Stock Up 2.6 %

Shares of CHD stock traded up $2.73 during trading hours on Thursday, hitting $106.17. 1,662,550 shares of the company's stock traded hands, compared to its average volume of 1,602,865. The stock has a market cap of $26.01 billion, a price-to-earnings ratio of 47.61, a PEG ratio of 3.12 and a beta of 0.58. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The stock's fifty day simple moving average is $106.82 and its two-hundred day simple moving average is $104.03. Church & Dwight Co., Inc. has a 12-month low of $96.09 and a 12-month high of $113.50.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.11. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.74 earnings per share. On average, analysts expect that Church & Dwight Co., Inc. will post 3.44 EPS for the current year.

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, November 15th. Church & Dwight's dividend payout ratio (DPR) is currently 50.67%.

Insider Activity at Church & Dwight

In related news, EVP Michael Read bought 1,100 shares of the business's stock in a transaction on Monday, December 16th. The stock was acquired at an average price of $106.82 per share, with a total value of $117,502.00. Following the transaction, 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 position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Arthur B. Winkleblack sold 11,590 shares of Church & Dwight stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $103.84, for a total transaction of $1,203,505.60. Following the completion of the sale, the director now directly owns 7,129 shares of the company's stock, valued at approximately $740,275.36. This trade represents a 61.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 593,035 shares of company stock valued at $62,282,808 over the last 90 days. Corporate insiders own 1.40% of the company's stock.

Analyst Ratings Changes

CHD has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Church & Dwight from $114.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, November 4th. JPMorgan Chase & Co. increased their price target on shares of Church & Dwight from $99.00 to $107.00 and gave the stock an "underweight" rating in a research note on Thursday. Barclays decreased their price target on shares of Church & Dwight from $86.00 to $85.00 and set an "underweight" rating for the company in a research note on Tuesday, November 5th. Piper Sandler increased their price target on shares of Church & Dwight from $124.00 to $128.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Finally, TD Cowen increased their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $110.44.

Church & Dwight Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.