Impact Capital Partners LLC purchased a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,448 shares of the company's stock, valued at approximately $361,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Church & Dwight by 8.0% during the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company's stock worth $1,373,542,000 after acquiring an additional 969,006 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Church & Dwight by 5.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company's stock worth $839,472,000 after acquiring an additional 429,863 shares in the last quarter. Stifel Financial Corp grew its holdings in Church & Dwight by 0.5% during the 3rd quarter. Stifel Financial Corp now owns 4,295,527 shares of the company's stock worth $449,830,000 after acquiring an additional 21,607 shares in the last quarter. Amundi boosted its holdings in shares of Church & Dwight by 13.7% in the 4th quarter. Amundi now owns 1,833,603 shares of the company's stock valued at $188,073,000 after buying an additional 220,829 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Church & Dwight by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,448,584 shares of the company's stock valued at $151,681,000 after buying an additional 49,082 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.
Church & Dwight Stock Performance
Church & Dwight stock traded down $1.99 during trading hours on Tuesday, reaching $107.33. 1,207,094 shares of the stock were exchanged, compared to its average volume of 1,608,937. The stock has a market cap of $26.40 billion, a P/E ratio of 45.29, a P/E/G ratio of 3.32 and a beta of 0.57. 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 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 $106.99 and its 200 day moving average is $105.77.
Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same period in the previous year, the business earned $0.65 earnings per share. Analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.
Church & Dwight Increases Dividend
The business 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 is a boost from Church & Dwight's previous quarterly dividend of $0.28. The ex-dividend date was Friday, February 14th. This represents a $1.18 annualized dividend and a dividend yield of 1.10%. Church & Dwight's dividend payout ratio (DPR) is 49.79%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on CHD. JPMorgan Chase & Co. lowered their target price on shares of Church & Dwight from $107.00 to $106.00 and set an "underweight" rating for the company in a report on Friday, February 21st. Truist Financial upped their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Barclays upped their target price on shares of Church & Dwight from $90.00 to $93.00 and gave the company an "underweight" rating in a report on Tuesday, February 4th. Royal Bank of Canada restated a "sector perform" rating and issued a $105.00 target price on shares of Church & Dwight in a report on Monday, February 3rd. Finally, Piper Sandler lowered their target price 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $111.56.
Check Out Our Latest Analysis on Church & Dwight
Insider Activity at Church & Dwight
In related news, EVP Maynadier Patrick D. De sold 54,510 shares of the firm's stock in a transaction dated 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 completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rene Hemsey sold 11,060 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total transaction 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 $707,941.26. This trade represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,570 shares of company stock worth $7,538,449 over the last 90 days. Company insiders own 2.00% of the company's stock.
About Church & Dwight
(
Free Report)
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.
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