Two Sigma Securities LLC Acquires Shares of 5,841 Church & Dwight Co., Inc. (NYSE:CHD)

Two Sigma Securities LLC bought a new position in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,841 shares of the company's stock, valued at approximately $612,000.

Other institutional investors have also recently modified their holdings of the company. YANKCOM Partnership purchased a new stake in shares of Church & Dwight during the fourth quarter valued at $25,000. Versant Capital Management Inc boosted its position in shares of Church & Dwight by 224.4% during the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company's stock valued at $28,000 after buying an additional 184 shares during the last quarter. Bernard Wealth Management Corp. purchased a new position in Church & Dwight in the fourth quarter worth about $40,000. Bank of Jackson Hole Trust purchased a new position in Church & Dwight in the fourth quarter worth about $43,000. Finally, Golden State Wealth Management LLC purchased a new position in Church & Dwight in the fourth quarter worth about $51,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Price Performance

Shares of CHD stock traded down $0.53 during mid-day trading on Monday, hitting $98.78. The company had a trading volume of 2,754,453 shares, compared to its average volume of 1,550,162. Church & Dwight Co., Inc. has a 52-week low of $96.35 and a 52-week high of $116.46. The stock's 50 day moving average price is $106.73 and its 200-day moving average price is $106.16. 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 company has a market capitalization of $24.31 billion, a P/E ratio of 41.68, a P/E/G ratio of 3.32 and a beta of 0.55.

Church & Dwight (NYSE:CHD - Get Free Report) last released its earnings results on Friday, January 31st. The company reported $0.77 EPS 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 prior year, the firm earned $0.65 EPS. Equities research analysts forecast that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current 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 issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Friday, February 14th. This is an increase from Church & Dwight's previous quarterly dividend of $0.28. Church & Dwight's payout ratio is 49.79%.

Insider Transactions at Church & Dwight

In related news, EVP Rene Hemsey sold 11,060 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total value of $1,216,378.80. Following the sale, the executive vice president now owns 6,437 shares in the company, valued at approximately $707,941.26. The trade was a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the business's stock in a transaction on 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 $1,217,442.06. This represents a 83.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,570 shares of company stock valued at $7,538,449. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Truist Financial raised 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. Wells Fargo & Company raised their target price on Church & Dwight from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Bank of America raised Church & Dwight from a "neutral" rating to a "buy" rating and raised their target price for the stock from $112.00 to $125.00 in a research report on Tuesday, April 15th. 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. Finally, Stifel Nicolaus raised 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 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 MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $112.29.

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.