Gotham Asset Management LLC Raises Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Gotham Asset Management LLC boosted its holdings in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 68.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,801 shares of the company's stock after purchasing an additional 2,763 shares during the period. Gotham Asset Management LLC's holdings in Church & Dwight were worth $712,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Barclays PLC grew its holdings in Church & Dwight by 63.9% in the third quarter. Barclays PLC now owns 1,106,131 shares of the company's stock worth $115,832,000 after purchasing an additional 431,257 shares during the period. Park Avenue Securities LLC grew its stake in shares of Church & Dwight by 27.9% in the 4th quarter. Park Avenue Securities LLC now owns 5,844 shares of the company's stock worth $612,000 after buying an additional 1,275 shares during the last quarter. Ritholtz Wealth Management increased its position in Church & Dwight by 1.9% during the 4th quarter. Ritholtz Wealth Management now owns 8,515 shares of the company's stock valued at $892,000 after buying an additional 160 shares in the last quarter. Merit Financial Group LLC raised its stake in Church & Dwight by 131.0% during the fourth quarter. Merit Financial Group LLC now owns 5,769 shares of the company's stock valued at $604,000 after buying an additional 3,272 shares during the last quarter. Finally, HB Wealth Management LLC raised its stake in Church & Dwight by 3.6% during the fourth quarter. HB Wealth Management LLC now owns 5,955 shares of the company's stock valued at $624,000 after buying an additional 206 shares during the last quarter. Institutional investors own 86.60% of the company's stock.

Church & Dwight Stock Performance

CHD stock traded down $0.56 during trading on Thursday, reaching $95.27. The stock had a trading volume of 2,431,007 shares, compared to its average volume of 1,652,273. The firm has a market cap of $23.46 billion, a PE ratio of 40.20, a PEG ratio of 3.32 and a beta of 0.55. 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's 50 day moving average is $101.52 and its two-hundred day moving average is $105.15. Church & Dwight Co., Inc. has a 52 week low of $90.99 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 firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.52 billion. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. The business's quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 EPS. As a group, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 1.24%. The ex-dividend date is Thursday, May 15th. Church & Dwight's dividend payout ratio is presently 50.64%.

Insiders Place Their Bets

In other Church & Dwight news, EVP Rene Hemsey sold 11,060 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total value of $1,216,378.80. Following the completion of the transaction, the executive vice president now directly owns 6,437 shares in the company, valued at $707,941.26. This represents a 63.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,510 shares of Church & Dwight stock in a transaction that occurred 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 sale, the executive vice president now owns 10,497 shares in the company, valued at approximately $1,217,442.06. The trade was a 83.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,230 shares of company stock worth $8,903,734 over the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CHD has been the topic of a number of recent research reports. Evercore ISI cut their target price on Church & Dwight from $106.00 to $102.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen lowered shares of Church & Dwight from a "hold" rating to a "sell" rating in a research note on Tuesday. JPMorgan Chase & Co. decreased their target price on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a report on Friday, April 11th. Royal Bank of Canada cut their price target on shares of Church & Dwight from $105.00 to $100.00 and set a "sector perform" rating on the stock in a report on Friday, May 2nd. Finally, Piper Sandler decreased their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Church & Dwight presently has a consensus rating of "Hold" and an average price target of $109.13.

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.