Stegent Equity Advisors Inc. Makes New Investment in Church & Dwight Co., Inc. (NYSE:CHD)

Stegent Equity Advisors Inc. bought a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,950 shares of the company's stock, valued at approximately $545,000.

A number of other hedge funds also recently made changes to their positions in CHD. IAG Wealth Partners LLC increased its holdings in Church & Dwight by 92.9% during the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company's stock worth $30,000 after buying an additional 130 shares during the last quarter. Bernard Wealth Management Corp. purchased a new stake in shares of Church & Dwight during the 4th quarter worth approximately $40,000. Wayfinding Financial LLC bought a new stake in shares of Church & Dwight in the 1st quarter worth approximately $40,000. Versant Capital Management Inc lifted its stake in Church & Dwight by 42.1% in the first quarter. Versant Capital Management Inc now owns 378 shares of the company's stock valued at $42,000 after purchasing an additional 112 shares during the last quarter. Finally, Banque Transatlantique SA bought a new position in Church & Dwight during the fourth quarter valued at $46,000. 86.60% of the stock is currently owned by institutional investors.

Insider Transactions at Church & Dwight

In other news, Director Ravichandra Krishnamu Saligram sold 14,660 shares of Church & Dwight stock in a transaction on Friday, May 30th. The shares were sold at an average price of $99.00, for a total transaction of $1,451,340.00. Following the completion of the sale, the director directly owned 13,747 shares of the company's stock, valued at approximately $1,360,953. The trade was a 51.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Carlen Hooker sold 11,875 shares of Church & Dwight stock in a transaction on 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 sale, the executive vice president directly owned 262 shares of the company's stock, valued at $25,872.50. This represents a 97.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,575 shares of company stock worth $4,910,586. 2.00% of the stock is owned by corporate insiders.

Church & Dwight Stock Performance

CHD traded down $1.06 on Friday, hitting $98.03. The company's stock had a trading volume of 1,425,771 shares, compared to its average volume of 1,764,237. The company's 50 day simple moving average is $96.54 and its 200-day simple moving average is $102.61. The company has a quick ratio of 1.43, a current ratio of 1.95 and a debt-to-equity ratio of 0.48. Church & Dwight Co., Inc. has a 12 month low of $90.99 and a 12 month high of $116.46. The firm has a market cap of $24.14 billion, a P/E ratio of 42.07, a price-to-earnings-growth ratio of 3.98 and a beta of 0.51.

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

Church & Dwight Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Thursday, May 15th. Church & Dwight's payout ratio is 50.64%.

Analysts Set New Price Targets

Several analysts have issued reports on CHD shares. Oppenheimer lowered their target price on Church & Dwight from $120.00 to $115.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Royal Bank Of Canada raised shares of Church & Dwight from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from $100.00 to $114.00 in a report on Monday, June 2nd. Truist Financial set a $110.00 target price on shares of Church & Dwight and gave the stock a "buy" rating in a research report on Friday, June 6th. Cowen lowered shares of Church & Dwight from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Bank of America upgraded shares of Church & Dwight from a "neutral" rating to a "buy" rating and upped their price target for the company from $112.00 to $125.00 in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Church & Dwight currently has a consensus rating of "Hold" and a consensus target price of $107.43.

About Church & Dwight

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.