EverSource Wealth Advisors LLC Increases Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

EverSource Wealth Advisors LLC boosted its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 19.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,392 shares of the company’s stock after acquiring an additional 382 shares during the period. EverSource Wealth Advisors LLC’s holdings in Church & Dwight were worth $250,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sequoia Financial Advisors LLC grew its position in shares of Church & Dwight by 1.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 11,311 shares of the company’s stock valued at $1,184,000 after purchasing an additional 177 shares in the last quarter. Moors & Cabot Inc. increased its stake in Church & Dwight by 6.9% in the 4th quarter. Moors & Cabot Inc. now owns 3,355 shares of the company’s stock worth $351,000 after acquiring an additional 218 shares during the last quarter. Independent Advisor Alliance raised its holdings in shares of Church & Dwight by 2.7% in the 4th quarter. Independent Advisor Alliance now owns 29,395 shares of the company’s stock valued at $3,078,000 after acquiring an additional 774 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Church & Dwight by 15.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 34,604 shares of the company’s stock valued at $3,606,000 after acquiring an additional 4,665 shares during the last quarter. Finally, Amundi grew its holdings in shares of Church & Dwight by 13.7% during the fourth quarter. Amundi now owns 1,833,603 shares of the company’s stock worth $188,073,000 after purchasing an additional 220,829 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CHD shares. Stifel Nicolaus lifted their target price on shares of Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research report on Monday, February 3rd. 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 report on Monday, February 3rd. Piper Sandler lowered their price target 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. Barclays raised their price objective on Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a report on Tuesday, February 4th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $105.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Church & Dwight has an average rating of “Hold” and an average price target of $111.56.

Insider Activity at Church & Dwight

In related news, EVP Rene Hemsey sold 11,060 shares of the company’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 completion of the transaction, the executive vice president now owns 6,437 shares of the company’s stock, valued at approximately $707,941.26. This represents a 63.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $106.11, for a total value of $1,061,100.00. Following the sale, the director now directly owns 32,500 shares in the company, valued at approximately $3,448,575. This represents a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,570 shares of company stock worth $8,599,549. 1.40% of the stock is owned by company insiders.

Church & Dwight Stock Performance

CHD opened at $109.15 on Friday. The company’s 50 day moving average is $106.84 and its 200 day moving average is $105.68. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The company has a market cap of $26.85 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 3.32 and a beta of 0.57. Church & Dwight Co., Inc. has a 12-month low of $96.35 and a 12-month high of $116.46.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same quarter in the prior year, the business posted $0.65 earnings per share. On average, equities research analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The business also recently disclosed 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. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Friday, February 14th. Church & Dwight’s payout ratio is presently 49.79%.

Church & Dwight 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.