Church & Dwight Co., Inc. (NYSE:CHD) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 24.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 73,070 shares of the company’s stock after purchasing an additional 14,496 shares during the quarter. Advisors Asset Management Inc.’s holdings in Church & Dwight were worth $7,651,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CIBC Asset Management Inc increased its holdings in Church & Dwight by 8.3% during the 3rd quarter. CIBC Asset Management Inc now owns 35,828 shares of the company’s stock valued at $3,752,000 after acquiring an additional 2,739 shares in the last quarter. Empowered Funds LLC grew its position in shares of Church & Dwight by 2.8% in the third quarter. Empowered Funds LLC now owns 3,651 shares of the company’s stock valued at $382,000 after purchasing an additional 99 shares during the last quarter. Natixis Advisors LLC raised its position in shares of Church & Dwight by 2.2% during the 3rd quarter. Natixis Advisors LLC now owns 164,329 shares of the company’s stock worth $17,209,000 after purchasing an additional 3,573 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Church & Dwight by 5.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 30,266 shares of the company’s stock worth $3,170,000 after purchasing an additional 1,638 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Church & Dwight by 0.5% in the 3rd quarter. Swiss National Bank now owns 725,800 shares of the company’s stock valued at $76,006,000 after buying an additional 3,600 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Price Performance

Shares of Church & Dwight stock opened at $107.33 on Wednesday. The stock has a market capitalization of $26.40 billion, a P/E ratio of 45.29, a PEG ratio of 3.32 and a beta of 0.57. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51. The business’s fifty day moving average price is $107.08 and its 200 day moving average price is $105.81. Church & Dwight Co., Inc. has a twelve month low of $96.35 and a twelve month high of $116.46.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, January 31st. The company reported $0.77 earnings per share (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 previous year, the company posted $0.65 earnings per share. As a group, research analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share 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 $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio (DPR) is currently 49.79%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Piper Sandler cut their price target on Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Truist Financial boosted their target price on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Stifel Nicolaus raised their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their price objective on shares of Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Finally, Barclays raised their target price on shares of Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $111.56.

Insider Activity at Church & Dwight

In other news, EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the sale, the executive vice president now owns 6,437 shares in the company, valued at $707,941.26. This trade represents a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the completion of the transaction, the executive vice president now owns 10,497 shares of the company’s stock, valued at $1,217,442.06. This trade represents a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,570 shares of company stock worth $7,538,449. 2.00% of the stock is currently owned by corporate insiders.

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.