Thurston Springer Miller Herd & Titak Inc. Increases Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 49.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,437 shares of the company's stock after acquiring an additional 4,800 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Church & Dwight were worth $1,512,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millennium Management LLC boosted its stake in Church & Dwight by 1,617.3% in the 2nd quarter. Millennium Management LLC now owns 1,292,854 shares of the company's stock worth $134,043,000 after purchasing an additional 1,217,568 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Church & Dwight by 4,161.5% in the second quarter. Marshall Wace LLP now owns 1,100,410 shares of the company's stock valued at $114,091,000 after purchasing an additional 1,074,588 shares during the period. Holocene Advisors LP purchased a new position in shares of Church & Dwight in the third quarter worth about $104,795,000. State Street Corp lifted its holdings in shares of Church & Dwight by 8.0% during the third quarter. State Street Corp now owns 13,116,334 shares of the company's stock worth $1,373,542,000 after purchasing an additional 969,006 shares during the period. Finally, World Investment Advisors LLC purchased a new stake in Church & Dwight in the third quarter valued at approximately $58,338,000. Hedge funds and other institutional investors own 86.60% of the company's stock.

Insider Transactions at Church & Dwight

In other news, CEO Matthew Farrell sold 165,823 shares of the company's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $103.03, for a total value of $17,084,743.69. Following the transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,613,438.57. This represents a 59.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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. Insiders have sold a total of 593,035 shares of company stock worth $62,282,808 in the last quarter. Company insiders own 2.00% of the company's stock.

Church & Dwight Price Performance

NYSE CHD traded down $1.90 during mid-day trading on Wednesday, hitting $103.38. The stock had a trading volume of 1,548,571 shares, compared to its average volume of 1,596,241. Church & Dwight Co., Inc. has a twelve month low of $96.09 and a twelve month high of $113.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.09. The firm's 50 day moving average is $106.82 and its 200 day moving average is $104.04. The stock has a market capitalization of $25.33 billion, a price-to-earnings ratio of 46.36, a PEG ratio of 3.86 and a beta of 0.58.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the prior year, the company earned $0.74 EPS. Church & Dwight's revenue was up 3.8% compared to the same quarter last year. Equities research analysts forecast that Church & Dwight Co., Inc. will post 3.45 earnings per share for the current fiscal year.

Church & Dwight Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Friday, November 15th. Church & Dwight's dividend payout ratio (DPR) is currently 50.67%.

Analyst Ratings Changes

CHD has been the subject of several recent research reports. TD Cowen raised their target price on shares of Church & Dwight from $114.00 to $117.00 and gave the stock a "buy" rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price target on Church & Dwight from $114.00 to $115.00 and gave the company a "buy" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. increased their price target on shares of Church & Dwight from $98.00 to $99.00 and gave the stock an "underweight" rating in a report on Monday, November 4th. Barclays decreased their price objective on shares of Church & Dwight from $86.00 to $85.00 and set an "underweight" rating for the company in a research report on Tuesday, November 5th. Finally, Piper Sandler raised their target price on Church & Dwight from $124.00 to $128.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $110.00.

Church & Dwight Company Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.