NewEdge Advisors LLC Has $2.70 Million Stake in Church & Dwight Co., Inc. (NYSE:CHD)

NewEdge Advisors LLC boosted its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 30.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,770 shares of the company's stock after buying an additional 6,070 shares during the period. NewEdge Advisors LLC's holdings in Church & Dwight were worth $2,698,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Ceredex Value Advisors LLC acquired a new stake in Church & Dwight during the fourth quarter valued at $49,504,000. Ontario Teachers Pension Plan Board acquired a new position in Church & Dwight in the fourth quarter worth approximately $1,500,000. Canada Post Corp Registered Pension Plan bought a new position in Church & Dwight during the fourth quarter valued at approximately $4,721,000. Optimize Financial Inc acquired a new stake in Church & Dwight in the fourth quarter valued at approximately $474,000. Finally, Townsquare Capital LLC grew its position in Church & Dwight by 6.9% in the fourth quarter. Townsquare Capital LLC now owns 35,942 shares of the company's stock worth $3,764,000 after acquiring an additional 2,322 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CHD has been the subject of a number of recent research reports. Stifel Nicolaus upped their price objective on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a "hold" rating in a report on Monday, February 3rd. UBS Group boosted their target price on Church & Dwight from $109.00 to $110.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Bank of America upgraded shares of 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 research note on Tuesday, April 15th. JPMorgan Chase & Co. cut their target price on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a research report on Friday, April 11th. Finally, Piper Sandler lowered their target price on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Church & Dwight has an average rating of "Hold" and a consensus price target of $112.13.

Insider Activity

In related news, EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total value of $1,216,378.80. Following the completion of the sale, the executive vice president now directly owns 6,437 shares in the company, valued at $707,941.26. This trade represents a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the business's stock in a transaction dated Monday, March 10th. The stock was 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 directly owns 10,497 shares of the company's stock, valued at $1,217,442.06. This represents a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,570 shares of company stock valued at $7,538,449. Company insiders own 2.00% of the company's stock.

Church & Dwight Price Performance

Shares of NYSE CHD traded down $1.11 during mid-day trading on Friday, hitting $99.10. 2,777,225 shares of the stock were exchanged, compared to its average volume of 1,540,724. The company has a market cap of $24.39 billion, a P/E ratio of 41.81, a PEG ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a twelve month low of $96.35 and a twelve month high of $116.46. The stock's fifty day simple moving average is $106.94 and its two-hundred day simple moving average is $106.11. 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 announced its earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting the consensus estimate 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. As a group, analysts forecast 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. Shareholders of record on Friday, February 14th were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.19%. This is a positive change from Church & Dwight's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight's dividend payout ratio (DPR) 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 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.