Sovran Advisors LLC Takes Position in Church & Dwight Co., Inc. (NYSE:CHD)

Sovran Advisors LLC acquired a new stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,018 shares of the company's stock, valued at approximately $423,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wingate Wealth Advisors Inc. purchased a new position in shares of Church & Dwight during the 4th quarter valued at about $90,000. Wealthstar Advisors LLC acquired a new stake in Church & Dwight during the fourth quarter worth about $1,602,000. Kestra Private Wealth Services LLC grew its holdings in Church & Dwight by 4.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 36,672 shares of the company's stock worth $3,840,000 after acquiring an additional 1,508 shares during the period. Thompson Investment Management Inc. boosted its position in Church & Dwight by 2,051.3% in the 4th quarter. Thompson Investment Management Inc. now owns 839 shares of the company's stock worth $88,000 after purchasing an additional 800 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in Church & Dwight by 52.6% in the 4th quarter. Empowered Funds LLC now owns 5,571 shares of the company's stock worth $583,000 after purchasing an additional 1,920 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Church & Dwight Trading Down 2.2 %

Shares of CHD traded down $2.41 during mid-day trading on Friday, reaching $105.12. The stock had a trading volume of 1,723,559 shares, compared to its average volume of 1,640,525. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The firm has a market cap of $25.75 billion, a price-to-earnings ratio of 44.36, a P/E/G ratio of 3.35 and a beta of 0.59. The business's fifty day moving average is $105.48 and its 200 day moving average is $104.54. Church & Dwight Co., Inc. has a 52-week low of $96.35 and a 52-week high of $113.50.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its earnings results on Friday, January 31st. The company reported $0.77 earnings per share 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 last year, the business posted $0.65 EPS. On average, sell-side analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.295 per share. This is a boost from Church & Dwight's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.18 annualized dividend and a yield of 1.12%. Church & Dwight's dividend payout ratio (DPR) is 47.68%.

Analyst Ratings Changes

Several research firms recently issued reports on CHD. Stifel Nicolaus boosted their target price on shares of Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a research note on Monday, February 3rd. Wells Fargo & Company lifted their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their target price on Church & Dwight from $114.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. TD Cowen lifted their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Finally, Truist Financial lifted their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $111.53.

Insider Transactions at Church & Dwight

In related news, EVP Maynadier Patrick D. De sold 45,120 shares of Church & Dwight stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $112.19, for a total value of $5,062,012.80. Following the completion of the sale, the executive vice president now owns 10,325 shares in the company, valued at approximately $1,158,361.75. This trade represents a 81.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Read purchased 1,100 shares of the stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of $106.82 per share, with a total value of $117,502.00. Following the completion of the transaction, the executive vice president now owns 2,505 shares of the company's stock, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 102,422 shares of company stock worth $11,424,351. 2.00% of the stock is currently owned by company insiders.

Church & Dwight Company 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, 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.