Independent Advisor Alliance Boosts Position in Church & Dwight Co., Inc. (NYSE:CHD)

Independent Advisor Alliance raised its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 2.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 29,395 shares of the company’s stock after buying an additional 774 shares during the quarter. Independent Advisor Alliance’s holdings in Church & Dwight were worth $3,078,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. CWA Asset Management Group LLC bought a new stake in shares of Church & Dwight during the 3rd quarter valued at about $241,000. Covestor Ltd boosted its position in shares of Church & Dwight by 62.0% during the 3rd quarter. Covestor Ltd now owns 682 shares of the company’s stock valued at $71,000 after acquiring an additional 261 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in shares of Church & Dwight by 3.0% during the 3rd quarter. Axxcess Wealth Management LLC now owns 10,022 shares of the company’s stock valued at $1,049,000 after acquiring an additional 293 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Church & Dwight by 4.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 11,336 shares of the company’s stock valued at $1,187,000 after acquiring an additional 431 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Church & Dwight during the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CHD. JPMorgan Chase & Co. dropped their price target on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Barclays lifted their price target on Church & Dwight from $90.00 to $93.00 and gave the company an “underweight” rating in a research report on Tuesday, February 4th. Piper Sandler dropped their target price on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a $105.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. Finally, Stifel Nicolaus boosted their target price on Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $111.56.

Insider Activity

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the transaction, the executive vice president now directly owns 10,497 shares of the company’s stock, valued at approximately $1,217,442.06. The trade was a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Read bought 1,100 shares of Church & Dwight stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of $106.82 per share, for a total transaction of $117,502.00. Following the completion of the purchase, 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 position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 64,510 shares of company stock valued at $7,383,170. Company insiders own 1.40% of the company’s stock.

Church & Dwight Price Performance

Shares of Church & Dwight stock opened at $109.04 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The business’s 50 day simple moving average is $106.64 and its two-hundred day simple moving average is $105.57. The stock has a market capitalization of $26.82 billion, a P/E ratio of 46.01, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. Church & Dwight Co., Inc. has a one year low of $96.35 and a one year high of $116.46.

Church & Dwight (NYSE:CHD) last announced its quarterly earnings results 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 period in the previous year, the company posted $0.65 EPS. Analysts forecast that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.295 per share. The ex-dividend date was Friday, February 14th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a dividend yield of 1.08%. Church & Dwight’s payout ratio is 49.79%.

About Church & Dwight

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.