Nicolet Advisory Services LLC Grows Position in Church & Dwight Co., Inc. (NYSE:CHD)

Nicolet Advisory Services LLC grew its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 43.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,074 shares of the company’s stock after acquiring an additional 1,231 shares during the period. Nicolet Advisory Services LLC’s holdings in Church & Dwight were worth $415,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Church & Dwight during the 4th quarter worth approximately $259,967,000. Capital International Investors increased its position in shares of Church & Dwight by 39.2% in the fourth quarter. Capital International Investors now owns 9,004,713 shares of the company’s stock valued at $851,414,000 after buying an additional 2,533,877 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Church & Dwight by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 30,265,072 shares of the company’s stock worth $2,861,865,000 after buying an additional 354,946 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Church & Dwight by 26.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,334,950 shares of the company’s stock worth $126,233,000 after buying an additional 277,017 shares in the last quarter. Finally, Corient Private Wealth LLC grew its stake in Church & Dwight by 168.3% in the 4th quarter. Corient Private Wealth LLC now owns 377,739 shares of the company’s stock valued at $35,719,000 after acquiring an additional 236,966 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Church & Dwight Trading Up 0.4 %

CHD traded up $0.44 during trading on Friday, hitting $102.61. 1,190,292 shares of the company’s stock were exchanged, compared to its average volume of 1,697,466. The stock has a 50 day moving average price of $106.05 and a 200 day moving average price of $103.14. Church & Dwight Co., Inc. has a 1 year low of $82.25 and a 1 year high of $110.31. The company has a current ratio of 1.33, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54. The firm has a market cap of $25.09 billion, a P/E ratio of 32.57, a price-to-earnings-growth ratio of 3.35 and a beta of 0.52.

Church & Dwight (NYSE:CHD) last posted its earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.10. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.49 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. As a group, analysts expect that Church & Dwight Co., Inc. will post 3.46 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were issued a dividend of $0.2838 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Tuesday, May 14th. Church & Dwight’s payout ratio is 35.87%.

Insider Buying and Selling

In other news, Director Robert K. Shearer sold 13,200 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $106.36, for a total transaction of $1,403,952.00. Following the completion of the sale, the director now directly owns 29,108 shares in the company, valued at $3,095,926.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Robert K. Shearer sold 13,200 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $106.36, for a total value of $1,403,952.00. Following the completion of the sale, the director now directly owns 29,108 shares of the company’s stock, valued at $3,095,926.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Penry W. Price sold 7,752 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $105.47, for a total value of $817,603.44. Following the transaction, the director now directly owns 25,692 shares in the company, valued at approximately $2,709,735.24. The disclosure for this sale can be found here. Insiders have sold 182,346 shares of company stock valued at $19,465,948 in the last quarter. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Bank of America upped 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 lowered their target price on Church & Dwight from $82.00 to $80.00 and set an “underweight” rating on the stock in a report on Friday. Truist Financial upped their price objective on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Evercore ISI lifted their price objective on Church & Dwight from $107.00 to $110.00 and gave the stock an “in-line” rating in a research report on Friday, May 3rd. Finally, Argus upped their target price on shares of Church & Dwight from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $106.53.

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.