Church & Dwight Co., Inc. (NYSE:CHD) Shares Bought by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. raised its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 49.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,437 shares of the company’s stock after buying an additional 4,800 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Church & Dwight were worth $1,512,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in shares of Church & Dwight in the 3rd quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new position in Church & Dwight during the 3rd quarter valued at approximately $28,000. Versant Capital Management Inc increased its holdings in shares of Church & Dwight by 224.4% in the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock valued at $28,000 after purchasing an additional 184 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Church & Dwight in the second quarter worth about $33,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Church & Dwight during the second quarter worth about $46,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Trading Up 2.3 %

Shares of CHD opened at $105.20 on Wednesday. Church & Dwight Co., Inc. has a 12-month low of $96.09 and a 12-month high of $113.50. The firm has a market capitalization of $25.77 billion, a P/E ratio of 47.17, a P/E/G ratio of 3.86 and a beta of 0.58. The firm has a 50-day moving average price of $106.82 and a 200 day moving average price of $104.04. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 0.53.

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

Church & Dwight Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.08%. Church & Dwight’s dividend payout ratio (DPR) is 50.67%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CHD shares. Barclays cut their price target on shares of Church & Dwight from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, November 5th. Piper Sandler raised their target price on shares of Church & Dwight from $124.00 to $128.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Wells Fargo & Company raised their target price on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. TD Cowen lifted their price target on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. boosted their price objective on Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $110.00.

Insider Buying and Selling at Church & Dwight

In related news, EVP Michael Read purchased 1,100 shares of Church & Dwight stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of $106.82 per share, with a total value of $117,502.00. Following the purchase, the executive vice president now owns 2,505 shares of the company’s stock, valued at approximately $267,584.10. The trade was a 78.29 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Joseph James Longo sold 7,780 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $112.44, for a total transaction of $874,783.20. Following the transaction, the chief accounting officer now directly owns 400 shares of the company’s stock, valued at $44,976. The trade was a 95.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 593,035 shares of company stock worth $62,282,808 over the last quarter. 2.00% of the stock is currently owned by company insiders.

Church & Dwight 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.