Church & Dwight Co., Inc. (NYSE:CHD) Position Increased by Cove Private Wealth LLC

Cove Private Wealth LLC raised its stake in Church & Dwight Co., Inc. (NYSE:CHD) by 39.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,190 shares of the company’s stock after buying an additional 2,310 shares during the period. Cove Private Wealth LLC’s holdings in Church & Dwight were worth $858,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Diversify Wealth Management LLC raised its position in shares of Church & Dwight by 28.4% during the fourth quarter. Diversify Wealth Management LLC now owns 7,962 shares of the company’s stock worth $808,000 after purchasing an additional 1,762 shares during the period. Renaissance Investment Group LLC increased its stake in Church & Dwight by 0.5% in the 4th quarter. Renaissance Investment Group LLC now owns 83,747 shares of the company’s stock worth $8,769,000 after purchasing an additional 426 shares in the last quarter. Clarius Group LLC purchased a new position in Church & Dwight in the 4th quarter worth about $204,000. HB Wealth Management LLC raised its holdings in Church & Dwight by 3.6% during the 4th quarter. HB Wealth Management LLC now owns 5,955 shares of the company’s stock worth $624,000 after buying an additional 206 shares during the period. Finally, Trust Co. of Vermont lifted its stake in Church & Dwight by 4.1% during the fourth quarter. Trust Co. of Vermont now owns 98,570 shares of the company’s stock valued at $10,321,000 after buying an additional 3,867 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Stock Performance

Shares of CHD opened at $106.42 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. Church & Dwight Co., Inc. has a 12 month low of $96.09 and a 12 month high of $113.50. The company’s fifty day moving average is $106.86 and its 200-day moving average is $104.05. The firm has a market cap of $26.07 billion, a price-to-earnings ratio of 47.72, a price-to-earnings-growth ratio of 3.12 and a beta of 0.58.

Church & Dwight (NYSE:CHD) last posted its earnings results on Friday, November 1st. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.11. Church & Dwight had a return on equity of 19.90% and a net margin of 9.08%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company earned $0.74 earnings per share. The business’s revenue was up 3.8% compared to the same quarter last year. Equities analysts expect that Church & Dwight Co., Inc. will post 3.44 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a $0.2838 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.14 annualized dividend and a yield of 1.07%. Church & Dwight’s dividend payout ratio (DPR) is currently 50.67%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CHD. Stifel Nicolaus cut their price target on shares of Church & Dwight from $105.00 to $103.00 and set a “hold” rating on the stock in a report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Church & Dwight from $99.00 to $107.00 and gave the company an “underweight” rating in a research note on Thursday. Piper Sandler raised their target price on Church & Dwight from $124.00 to $128.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. TD Cowen upped their price target on Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Church & Dwight from $114.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $110.61.

Insiders Place Their Bets

In other Church & Dwight news, CEO Matthew Farrell sold 165,823 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $103.03, for a total transaction of $17,084,743.69. Following the completion of the transaction, the chief executive officer now owns 112,719 shares of the company’s stock, valued at $11,613,438.57. The trade was a 59.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Read purchased 1,100 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were purchased at an average price of $106.82 per share, with a total value of $117,502.00. Following the completion of the acquisition, the executive vice president now directly owns 2,505 shares of the company’s stock, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 593,035 shares of company stock valued at $62,282,808 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

Church & Dwight Company 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.