Commonwealth Equity Services LLC Has $7.92 Million Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Commonwealth Equity Services LLC raised its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,596 shares of the company’s stock after acquiring an additional 4,176 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Church & Dwight were worth $7,916,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its stake 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 worth $382,000 after buying an additional 99 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Church & Dwight by 5.7% in the third quarter. Thrivent Financial for Lutherans now owns 30,266 shares of the company’s stock worth $3,170,000 after buying an additional 1,638 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Church & Dwight in the third quarter worth $253,000. Caprock Group LLC lifted its stake in shares of Church & Dwight by 3.5% in the third quarter. Caprock Group LLC now owns 10,847 shares of the company’s stock worth $1,136,000 after buying an additional 363 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Church & Dwight in the third quarter worth $616,000. 86.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CHD. Truist Financial boosted their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Piper Sandler dropped their target price on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on shares of Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st. Stifel Nicolaus boosted their target price on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a research report on Monday, February 3rd. Finally, Barclays boosted 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 investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Church & Dwight has an average rating of “Hold” and an average target price of $111.56.

Church & Dwight Stock Up 0.2 %

Shares of NYSE:CHD opened at $108.20 on Friday. Church & Dwight Co., Inc. has a 52 week low of $96.35 and a 52 week high of $116.46. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. The company’s fifty day moving average is $107.31 and its 200-day moving average is $105.84. The company has a market capitalization of $26.61 billion, a PE ratio of 45.65, a P/E/G ratio of 3.32 and a beta of 0.57.

Church & Dwight (NYSE:CHD) last issued its earnings results on Friday, January 31st. The company reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same period in the prior year, the firm posted $0.65 EPS. Equities research analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The company 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 annualized dividend and a dividend yield of 1.09%. 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 payout ratio is currently 49.79%.

Insider Activity

In related news, EVP Maynadier Patrick D. De sold 54,510 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 10,497 shares in the company, valued at $1,217,442.06. This represents a 83.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Rene Hemsey sold 11,060 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the transaction, the executive vice president now owns 6,437 shares in the company, valued at approximately $707,941.26. This trade represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,570 shares of company stock worth $7,538,449. Corporate insiders own 2.00% of the company’s stock.

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 Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.