Church & Dwight Co., Inc. (NYSE:CHD) Stake Increased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 41.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 32,674 shares of the company's stock after purchasing an additional 9,533 shares during the period. Rockefeller Capital Management L.P.'s holdings in Church & Dwight were worth $3,421,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CHD. Vanguard Group Inc. boosted its position in Church & Dwight by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 30,691,064 shares of the company's stock worth $3,213,661,000 after purchasing an additional 193,602 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Church & Dwight by 19.4% in the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock worth $768,157,000 after buying an additional 1,190,154 shares in the last quarter. Geode Capital Management LLC grew its stake in Church & Dwight by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company's stock valued at $617,794,000 after acquiring an additional 148,234 shares during the last quarter. Norges Bank purchased a new position in Church & Dwight during the 4th quarter valued at about $318,532,000. Finally, Invesco Ltd. raised its position in Church & Dwight by 11.4% during the fourth quarter. Invesco Ltd. now owns 2,921,247 shares of the company's stock worth $305,884,000 after acquiring an additional 298,848 shares during the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

Church & Dwight Stock Performance

NYSE:CHD traded down $1.73 during trading hours on Thursday, reaching $100.40. 763,835 shares of the stock were exchanged, compared to its average volume of 1,525,917. 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 stock has a market capitalization of $24.71 billion, a P/E ratio of 42.26, a P/E/G ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a 52 week low of $96.35 and a 52 week high of $116.46. The firm has a 50 day simple moving average of $107.04 and a 200-day simple moving average of $106.10.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 company earned $0.65 EPS. As a group, sell-side analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

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

Insider Activity

In other news, 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 value of $1,216,378.80. Following the completion of the sale, the executive vice president now owns 6,437 shares in the company, valued at $707,941.26. This represents a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 transaction 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 approximately $1,217,442.06. This trade represents a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,570 shares of company stock valued at $7,538,449. Insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

CHD has been the subject of a number of recent research reports. Barclays dropped their price objective on shares of Church & Dwight from $97.00 to $94.00 and set an "underweight" rating for the company in a research note on Friday, April 11th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $105.00 price objective on shares of Church & Dwight in a research note on Monday, February 3rd. Piper Sandler cut 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. Stifel Nicolaus raised their target price on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a "hold" rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $112.13.

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.