Church & Dwight Co., Inc. (NYSE:CHD) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC raised its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 31.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,019,404 shares of the company's stock after buying an additional 245,697 shares during the quarter. AQR Capital Management LLC owned approximately 0.42% of Church & Dwight worth $106,742,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. YANKCOM Partnership purchased a new stake in shares of Church & Dwight in the fourth quarter valued at about $25,000. Versant Capital Management Inc boosted its holdings in Church & Dwight by 224.4% in the 4th quarter. Versant Capital Management Inc now owns 266 shares of the company's stock valued at $28,000 after purchasing an additional 184 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Church & Dwight during the 4th quarter worth approximately $39,000. Bernard Wealth Management Corp. acquired a new stake in shares of Church & Dwight during the 4th quarter worth approximately $40,000. Finally, Bank of Jackson Hole Trust acquired a new position in Church & Dwight in the fourth quarter valued at approximately $43,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on CHD. Oppenheimer reduced their target price on Church & Dwight from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Monday. Barclays decreased their target price on shares of Church & Dwight from $94.00 to $84.00 and set an "underweight" rating on the stock in a research report on Friday. Piper Sandler dropped their price target 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. Bank of America upgraded shares of Church & Dwight from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $112.00 to $125.00 in a report on Tuesday, April 15th. Finally, Stifel Nicolaus raised their price target 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 research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $111.00.

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total value of $1,216,378.80. Following the transaction, the executive vice president now directly owns 6,437 shares in the company, valued at approximately $707,941.26. The trade was a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the stock in a transaction dated 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 sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 65,570 shares of company stock valued at $7,538,449 in the last three months. 2.00% of the stock is currently owned by company insiders.

Church & Dwight Stock Up 0.4 %

CHD stock traded up $0.39 during trading on Friday, hitting $92.77. 3,110,352 shares of the company's stock were exchanged, compared to its average volume of 1,575,342. The business has a 50-day moving average price of $105.85 and a two-hundred day moving average price of $105.91. 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 stock has a market capitalization of $22.83 billion, a price-to-earnings ratio of 39.14, a PEG ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a 52-week low of $91.77 and a 52-week high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.02. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.52 billion. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. The company's revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. As a group, equities research analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, May 15th. Church & Dwight's payout ratio is currently 49.79%.

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.