Smartleaf Asset Management LLC Purchases 2,490 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Smartleaf Asset Management LLC increased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 197.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,753 shares of the company's stock after purchasing an additional 2,490 shares during the quarter. Smartleaf Asset Management LLC's holdings in Church & Dwight were worth $393,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CHD. YANKCOM Partnership bought a new position in Church & Dwight during the fourth quarter worth $25,000. Capital Performance Advisors LLP bought a new position in Church & Dwight during the third quarter worth $27,000. Ashton Thomas Securities LLC bought a new position in Church & Dwight during the third quarter worth $28,000. Versant Capital Management Inc lifted its stake in Church & Dwight by 224.4% during the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company's stock worth $28,000 after purchasing an additional 184 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in Church & Dwight during the fourth quarter worth $39,000. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Price Performance

NYSE:CHD traded up $1.59 during mid-day trading on Friday, reaching $112.48. 1,696,802 shares of the stock were exchanged, compared to its average volume of 1,608,850. The business has a fifty day moving average price of $106.23 and a 200 day moving average price of $105.36. The firm has a market capitalization of $27.67 billion, a PE ratio of 47.46, a PEG ratio of 3.32 and a beta of 0.57. Church & Dwight Co., Inc. has a 1-year low of $96.35 and a 1-year high of $114.60. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51.

Remove Ads

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 period last year, the business posted $0.65 earnings per share. Research analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were paid a $0.295 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a yield of 1.05%. This is a boost from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's dividend payout ratio (DPR) is currently 49.79%.

Insider Buying and Selling

In other Church & Dwight news, Director Ravichandra Krishnamu Saligram sold 10,000 shares of Church & Dwight stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $106.11, for a total transaction of $1,061,100.00. Following the transaction, the director now owns 32,500 shares of the company's stock, valued at $3,448,575. The trade was a 23.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael Read bought 1,100 shares of the stock in a transaction on Monday, December 16th. The shares were acquired at an average cost of $106.82 per share, for a total transaction of $117,502.00. Following the purchase, the executive vice president now owns 2,505 shares in the company, 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. In the last quarter, insiders have sold 10,002 shares of company stock valued at $1,061,315. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Piper Sandler dropped their target price on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $105.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. Barclays increased their target price on Church & Dwight from $90.00 to $93.00 and gave the stock an "underweight" rating in a research report on Tuesday, February 4th. Truist Financial increased their target price on Church & Dwight from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Finally, Stifel Nicolaus increased their target price on Church & Dwight from $103.00 to $105.00 and gave the stock a "hold" rating in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Church & Dwight currently has an average rating of "Hold" and a consensus 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.