Church & Dwight Co., Inc. (NYSE:CHD) Holdings Boosted by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust boosted its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 83.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,868 shares of the company’s stock after purchasing an additional 850 shares during the period. Parkside Financial Bank & Trust’s holdings in Church & Dwight were worth $177,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC grew its holdings in shares of Church & Dwight by 17.9% during the 3rd quarter. CWM LLC now owns 8,458 shares of the company’s stock valued at $775,000 after acquiring an additional 1,284 shares in the last quarter. AE Wealth Management LLC grew its holdings in shares of Church & Dwight by 5.4% during the 3rd quarter. AE Wealth Management LLC now owns 7,966 shares of the company’s stock valued at $730,000 after acquiring an additional 409 shares in the last quarter. Capital Investment Advisors LLC purchased a new position in shares of Church & Dwight during the 3rd quarter valued at $203,000. Flagship Harbor Advisors LLC grew its holdings in shares of Church & Dwight by 33.1% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 5,610 shares of the company’s stock valued at $514,000 after acquiring an additional 1,394 shares in the last quarter. Finally, Meridian Wealth Management LLC grew its holdings in shares of Church & Dwight by 67.2% during the 3rd quarter. Meridian Wealth Management LLC now owns 8,816 shares of the company’s stock valued at $808,000 after acquiring an additional 3,542 shares in the last quarter. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Bank of America boosted their price target on shares of Church & Dwight from $100.00 to $104.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Barclays lifted their price objective on shares of Church & Dwight from $80.00 to $83.00 and gave the company an “underweight” rating in a research note on Friday, April 12th. Truist Financial lifted their price objective on shares of Church & Dwight from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Argus raised shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Friday, February 23rd. Finally, The Goldman Sachs Group initiated coverage on shares of Church & Dwight in a research note on Friday, March 1st. They issued a “buy” rating and a $110.00 price objective for the company. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $104.07.

Insider Activity

In other news, CEO Matthew Farrell sold 275,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the completion of the transaction, the chief executive officer now owns 112,719 shares of the company’s stock, valued at $11,703,613.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Barry A. Bruno sold 9,926 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $104.55, for a total value of $1,037,763.30. Following the sale, the executive vice president now owns 4,319 shares of the company’s stock, valued at $451,551.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew Farrell sold 275,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the completion of the sale, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,703,613.77. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 373,052 shares of company stock valued at $38,603,796. Insiders own 2.00% of the company’s stock.

Church & Dwight Stock Up 0.6 %

Church & Dwight stock opened at $107.36 on Thursday. The firm has a fifty day moving average price of $102.54 and a two-hundred day moving average price of $96.90. The firm has a market cap of $26.19 billion, a price-to-earnings ratio of 35.32, a P/E/G ratio of 3.55 and a beta of 0.53. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.64. Church & Dwight Co., Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $107.56.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, February 2nd. The company reported $0.65 EPS for the quarter, meeting analysts’ consensus estimates of $0.65. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.62 earnings per share. As a group, analysts forecast that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current year.

Church & Dwight Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were given a dividend of $0.2838 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.06%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.27. Church & Dwight’s dividend payout ratio is currently 37.17%.

About Church & Dwight

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.