Bleakley Financial Group LLC Increases Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Bleakley Financial Group LLC raised its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,159 shares of the company’s stock after purchasing an additional 346 shares during the period. Bleakley Financial Group LLC’s holdings in Church & Dwight were worth $2,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CHD. Capital Performance Advisors LLP acquired a new stake in shares of Church & Dwight during the 3rd quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Church & Dwight during the 3rd quarter worth about $28,000. Versant Capital Management Inc raised its position in shares of Church & Dwight by 224.4% during the 4th 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. Venturi Wealth Management LLC raised its position in shares of Church & Dwight by 44.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 559 shares of the company’s stock worth $59,000 after acquiring an additional 173 shares in the last quarter. Finally, Kennebec Savings Bank acquired a new stake in shares of Church & Dwight during the 3rd quarter worth about $61,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Insider Buying and Selling at Church & Dwight

In related news, Director Bradley C. Irwin sold 13,200 shares of Church & Dwight stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $107.44, for a total transaction of $1,418,208.00. Following the sale, the director now directly owns 37,169 shares of the company’s stock, valued at $3,993,437.36. This trade represents a 26.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Joseph James Longo sold 7,780 shares of the firm’s stock in a transaction dated 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 owns 400 shares of the company’s stock, valued at approximately $44,976. This represents a 95.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 115,622 shares of company stock worth $12,842,559 over the last three months. Corporate insiders own 1.40% of the company’s stock.

Church & Dwight Price Performance

CHD opened at $105.32 on Friday. The stock has a fifty day moving average of $106.07 and a 200-day moving average of $104.30. The firm has a market capitalization of $25.80 billion, a P/E ratio of 44.44, a PEG ratio of 3.28 and a beta of 0.59. Church & Dwight Co., Inc. has a 12-month low of $96.09 and a 12-month high of $113.50. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same quarter last year, the business earned $0.65 earnings per share. Equities analysts forecast 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 will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $0.295 per share. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a yield of 1.12%. The ex-dividend date is Friday, February 14th. Church & Dwight’s dividend payout ratio (DPR) is 47.68%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CHD. TD Cowen raised their target price on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price target on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $105.00 price target on shares of Church & Dwight in a research report on Monday. Piper Sandler cut 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. Finally, Truist Financial lifted their price target on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Church & Dwight has a consensus rating of “Hold” and a consensus target price of $111.53.

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.