Tower Research Capital LLC TRC Buys 14,503 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Tower Research Capital LLC TRC lifted its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 178.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,609 shares of the company's stock after buying an additional 14,503 shares during the quarter. Tower Research Capital LLC TRC's holdings in Church & Dwight were worth $2,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. YANKCOM Partnership purchased a new stake in Church & Dwight in the fourth quarter worth about $25,000. Versant Capital Management Inc boosted its holdings in Church & Dwight by 224.4% in the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company's stock worth $28,000 after acquiring an additional 184 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Church & Dwight in the fourth quarter worth $39,000. Bernard Wealth Management Corp. purchased a new position in shares of Church & Dwight in the 4th quarter worth about $40,000. Finally, Bank of Jackson Hole Trust purchased a new stake in Church & Dwight during the 4th quarter valued at about $43,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHD has been the topic of several analyst reports. Truist Financial upped their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Barclays dropped their target price on shares of Church & Dwight from $97.00 to $94.00 and set an "underweight" rating on the stock in a report on Friday, April 11th. Royal Bank of Canada restated a "sector perform" rating and issued a $105.00 price target on shares of Church & Dwight in a research note on Monday, February 3rd. Bank of America raised Church & Dwight from a "neutral" rating to a "buy" rating and increased their target price for the company from $112.00 to $125.00 in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a research report on Friday, April 11th. Two 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. Based on data from MarketBeat.com, Church & Dwight presently has an average rating of "Hold" and an average target price of $112.59.

Insider Activity at Church & Dwight

In related news, EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the completion of the transaction, the executive vice president now directly owns 6,437 shares of the company's stock, valued at approximately $707,941.26. The trade was a 63.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the firm'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 directly owns 10,497 shares of the company's stock, valued at approximately $1,217,442.06. The trade was a 83.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,570 shares of company stock worth $7,538,449. Company insiders own 2.00% of the company's stock.

Church & Dwight Price Performance

Shares of Church & Dwight stock opened at $103.91 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. Church & Dwight Co., Inc. has a 12 month low of $96.35 and a 12 month high of $116.46. The stock has a 50 day moving average of $107.10 and a 200 day moving average of $106.13. The firm has a market cap of $25.57 billion, a PE ratio of 43.84, a PEG ratio of 3.32 and a beta of 0.55.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, hitting 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 in the previous year, the firm earned $0.65 EPS. On average, research analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 annualized dividend and a dividend yield of 1.14%. This is an increase from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's payout ratio is currently 49.79%.

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 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.

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