Certuity LLC Invests $402,000 in Church & Dwight Co., Inc. (NYSE:CHD)

Certuity LLC purchased a new position in Church & Dwight Co., Inc. (NYSE:CHD) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,841 shares of the company’s stock, valued at approximately $402,000.

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

Insider Buying and Selling

In related news, CAO Joseph James Longo sold 7,780 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $112.44, for a total value of $874,783.20. Following the sale, the chief accounting officer now directly owns 400 shares in the company, valued at approximately $44,976. The trade was a 95.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maynadier Patrick D. De sold 45,120 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $112.19, for a total transaction of $5,062,012.80. Following the transaction, the executive vice president now directly owns 10,325 shares of the company’s stock, valued at approximately $1,158,361.75. This trade represents a 81.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,422 shares of company stock worth $11,424,351. Insiders own 2.00% of the company’s stock.

Church & Dwight Trading Up 1.0 %

CHD opened at $105.98 on Thursday. The firm has a market capitalization of $25.97 billion, a price-to-earnings ratio of 44.72, a price-to-earnings-growth ratio of 3.35 and a beta of 0.59. The company’s 50 day simple moving average is $105.63 and its two-hundred day simple moving average is $104.45. Church & Dwight Co., Inc. has a 1-year low of $96.09 and a 1-year high of $113.50. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates 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 business earned $0.65 EPS. Analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be issued a $0.295 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.11%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio is currently 47.68%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CHD shares. Stifel Nicolaus boosted their target price on shares of Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a research note on Monday, February 3rd. Piper Sandler decreased their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Truist Financial raised their target price on Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Wells Fargo & Company upped their price target on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Barclays raised their price objective on Church & Dwight from $90.00 to $93.00 and gave the company 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 company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $111.53.

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.