Fisher Asset Management LLC Acquires 23,511 Shares of Church & Dwight Co., Inc. (NYSE:CHD)

Fisher Asset Management LLC lifted its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 75.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,767 shares of the company’s stock after buying an additional 23,511 shares during the quarter. Fisher Asset Management LLC’s holdings in Church & Dwight were worth $5,735,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CHD. YANKCOM Partnership acquired a new position in shares of Church & Dwight during the fourth quarter worth approximately $25,000. Capital Performance Advisors LLP bought a new position in Church & Dwight in the 3rd quarter worth approximately $27,000. Ashton Thomas Securities LLC acquired a new position in Church & Dwight during the 3rd quarter worth $28,000. Versant Capital Management Inc increased its stake in shares of Church & Dwight by 224.4% in the 4th 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 period. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Church & Dwight during the fourth quarter worth $39,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research note on Monday, February 3rd. Truist Financial increased their target price on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $105.00 price target on shares of Church & Dwight in a research note on Monday, February 3rd. Piper Sandler reduced their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, Barclays lifted their price target on shares of Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Church & Dwight presently has a consensus rating of “Hold” and a consensus price target of $111.56.

Church & Dwight Stock Down 1.2 %

Shares of Church & Dwight stock opened at $110.69 on Wednesday. The firm has a market cap of $27.23 billion, a PE ratio of 46.70, a P/E/G ratio of 3.32 and a beta of 0.59. The business’s 50 day simple moving average is $105.93 and its 200 day simple moving average is $105.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. Church & Dwight Co., Inc. has a 52-week low of $96.35 and a 52-week high of $114.60.

Church & Dwight (NYSE:CHD) last posted 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 period in the prior year, the firm earned $0.65 EPS. On average, analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal 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 issued a $0.295 dividend. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 annualized dividend and a dividend yield of 1.07%. Church & Dwight’s dividend payout ratio (DPR) is presently 49.79%.

Insider Activity at Church & Dwight

In other news, EVP Michael Read bought 1,100 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of $106.82 per share, with a total value of $117,502.00. Following the completion of the purchase, the executive vice president now owns 2,505 shares of the company’s stock, valued at $267,584.10. This represents a 78.29 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ravichandra Krishnamu Saligram sold 10,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $106.11, for a total transaction of $1,061,100.00. Following the sale, the director now directly owns 32,500 shares in the company, valued at $3,448,575. This trade represents a 23.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

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.