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

Private Advisor Group LLC lifted its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 66.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,287 shares of the company’s stock after purchasing an additional 9,308 shares during the period. Private Advisor Group LLC’s holdings in Church & Dwight were worth $2,438,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Holocene Advisors LP purchased a new position in shares of Church & Dwight during the 3rd quarter worth $104,795,000. State Street Corp lifted its position in Church & Dwight by 8.0% during the third quarter. State Street Corp now owns 13,116,334 shares of the company’s stock valued at $1,373,542,000 after purchasing an additional 969,006 shares in the last quarter. World Investment Advisors LLC bought a new stake in Church & Dwight during the third quarter valued at about $58,338,000. Barclays PLC raised its stake in shares of Church & Dwight by 63.9% in the third quarter. Barclays PLC now owns 1,106,131 shares of the company’s stock worth $115,832,000 after buying an additional 431,257 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Church & Dwight by 5.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,016,345 shares of the company’s stock valued at $839,472,000 after acquiring an additional 429,863 shares during the period. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CHD shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $105.00 price target on shares of Church & Dwight in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Wells Fargo & Company raised their price target on Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Piper Sandler cut their target price on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Finally, Barclays boosted their price target on Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $111.47.

Insider Buying and Selling

In other Church & Dwight news, EVP Michael Read acquired 1,100 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average price of $106.82 per share, for a total transaction of $117,502.00. Following the acquisition, the executive vice president now directly owns 2,505 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $106.11, for a total value of $1,061,100.00. Following the completion of the sale, the director now owns 32,500 shares in the company, valued at approximately $3,448,575. The trade was a 23.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,522 shares of company stock valued at $5,487,555. Company insiders own 2.00% of the company’s stock.

Church & Dwight Trading Up 2.1 %

CHD opened at $107.52 on Tuesday. Church & Dwight Co., Inc. has a 12 month low of $96.35 and a 12 month high of $113.50. 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 stock has a 50-day moving average of $105.39 and a 200 day moving average of $104.78. The firm has a market cap of $26.45 billion, a P/E ratio of 45.37, a P/E/G ratio of 3.32 and a beta of 0.59.

Church & Dwight (NYSE:CHD) last released its earnings results on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, meeting 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 in the prior year, the company posted $0.65 EPS. As a group, research analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, February 14th. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio (DPR) is 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.