Fortis Group Advisors LLC Purchases Shares of 13,375 Church & Dwight Co., Inc. (NYSE:CHD)

Fortis Group Advisors LLC bought a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,375 shares of the company's stock, valued at approximately $1,472,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisory Alpha LLC boosted its position in Church & Dwight by 3.7% in the 1st quarter. Advisory Alpha LLC now owns 2,707 shares of the company's stock worth $298,000 after purchasing an additional 97 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Church & Dwight by 3.2% during the 4th quarter. Whittier Trust Co. now owns 3,295 shares of the company's stock worth $345,000 after buying an additional 103 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Church & Dwight by 0.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 21,115 shares of the company's stock worth $2,325,000 after buying an additional 110 shares during the period. Versant Capital Management Inc raised its stake in shares of Church & Dwight by 42.1% during the 1st quarter. Versant Capital Management Inc now owns 378 shares of the company's stock worth $42,000 after buying an additional 112 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Church & Dwight by 19.5% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 687 shares of the company's stock worth $76,000 after buying an additional 112 shares during the period. Institutional investors and hedge funds own 86.60% of the company's stock.

Insider Activity at Church & Dwight

In related news, EVP Carlen Hooker sold 11,875 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $98.75, for a total transaction of $1,172,656.25. Following the completion of the transaction, the executive vice president directly owned 262 shares in the company, valued at $25,872.50. This trade represents a 97.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Michael Read bought 3,000 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average price of $92.07 per share, with a total value of $276,210.00. Following the completion of the acquisition, the executive vice president directly owned 5,505 shares in the company, valued at $506,845.35. This trade represents a 119.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 50,575 shares of company stock worth $4,910,586 over the last ninety days. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

CHD has been the subject of several research analyst reports. Rothschild & Co Redburn downgraded Church & Dwight from a "neutral" rating to a "sell" rating and set a $83.00 target price for the company. in a research note on Monday. Cowen lowered Church & Dwight from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. TD Cowen lowered shares of Church & Dwight from a "buy" rating to a "hold" rating and set a $100.00 target price for the company. in a report on Tuesday, May 6th. Royal Bank Of Canada raised shares of Church & Dwight from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $100.00 to $114.00 in a report on Monday, June 2nd. Finally, Truist Financial set a $110.00 target price on shares of Church & Dwight and gave the stock a "buy" rating in a report on Friday, June 6th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $104.44.

Church & Dwight Trading Down 0.5%

Shares of NYSE CHD traded down $0.51 during mid-day trading on Friday, reaching $96.52. 1,983,004 shares of the company's stock were exchanged, compared to its average volume of 1,769,879. The firm has a market capitalization of $23.77 billion, a price-to-earnings ratio of 41.43, a PEG ratio of 3.86 and a beta of 0.51. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.43 and a current ratio of 1.95. Church & Dwight Co., Inc. has a 52-week low of $90.99 and a 52-week high of $116.46. The company's 50-day moving average is $96.98 and its 200-day moving average is $102.29.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.02. The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.52 billion. Church & Dwight had a return on equity of 19.28% and a net margin of 9.52%. The company's revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 EPS. Analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Thursday, May 15th. Church & Dwight's dividend payout ratio is presently 50.64%.

Church & Dwight Company 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.