Proficio Capital Partners LLC Takes $167,000 Position in Church & Dwight Co., Inc. (NYSE:CHD)

Proficio Capital Partners LLC purchased a new stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 166,634 shares of the company's stock, valued at approximately $167,000. Proficio Capital Partners LLC owned approximately 0.07% of Church & Dwight as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. YANKCOM Partnership bought a new position in Church & Dwight in the 4th quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new position in Church & Dwight during the 3rd quarter valued at approximately $28,000. Versant Capital Management Inc boosted its holdings in shares of Church & Dwight by 224.4% during the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company's stock valued at $28,000 after acquiring an additional 184 shares during the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Church & Dwight in the 4th quarter worth approximately $43,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of Church & Dwight during the 4th quarter valued at $51,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $106.11, for a total transaction of $1,061,100.00. Following the transaction, the director now directly owns 32,500 shares of the company's stock, valued at approximately $3,448,575. This trade represents a 23.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Read acquired 1,100 shares of Church & Dwight stock in a transaction on Monday, December 16th. The shares were purchased 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 directly owns 2,505 shares of the company's stock, valued at approximately $267,584.10. This represents a 78.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 75,570 shares of company stock worth $8,599,549 in the last 90 days. Corporate insiders own 1.40% of the company's stock.

Remove Ads

Church & Dwight Stock Performance

Church & Dwight stock traded up $0.48 during mid-day trading on Thursday, reaching $109.51. The company had a trading volume of 2,196,851 shares, compared to its average volume of 1,631,140. The company has a 50 day moving average of $106.64 and a 200-day moving average of $105.57. 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 firm has a market cap of $26.94 billion, a price-to-earnings ratio of 46.21, a PEG ratio of 3.32 and a beta of 0.57. Church & Dwight Co., Inc. has a 52 week low of $96.35 and a 52 week high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly 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 previous year, the business posted $0.65 earnings per share. On average, sell-side analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $0.295 dividend. This is a positive change 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 1.08%. Church & Dwight's payout ratio is 49.79%.

Analyst Ratings Changes

CHD has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their price objective on Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a report on Monday, February 3rd. Piper Sandler decreased their target price on shares of Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Royal Bank of Canada reissued a "sector perform" rating and issued a $105.00 target price on shares of Church & Dwight in a research note on Monday, February 3rd. Barclays raised their price objective on shares of Church & Dwight from $90.00 to $93.00 and gave the stock an "underweight" rating in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. decreased their price target on Church & Dwight from $107.00 to $106.00 and set an "underweight" rating on the stock in a research note on Friday, February 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $111.56.

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, 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.