Thurston Springer Miller Herd & Titak Inc. Increases Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Thurston Springer Miller Herd & Titak Inc. grew its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 57.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,662 shares of the company's stock after buying an additional 8,225 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Church & Dwight were worth $2,495,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CHD. Vanguard Group Inc. lifted its holdings in shares of Church & Dwight by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 30,691,064 shares of the company's stock worth $3,213,661,000 after acquiring an additional 193,602 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Church & Dwight by 19.4% during the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock worth $768,157,000 after purchasing an additional 1,190,154 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Church & Dwight by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company's stock worth $617,794,000 after purchasing an additional 148,234 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Church & Dwight by 0.5% in the 4th quarter. Stifel Financial Corp now owns 4,316,414 shares of the company's stock worth $451,975,000 after purchasing an additional 20,887 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Church & Dwight during the 4th quarter valued at about $318,532,000. Institutional investors own 86.60% of the company's stock.

Church & Dwight Trading Up 0.1%

CHD stock traded up $0.08 on Friday, reaching $99.07. The company's stock had a trading volume of 1,544,973 shares, compared to its average volume of 1,704,459. The firm has a market cap of $24.40 billion, a PE ratio of 41.80, a PEG ratio of 3.32 and a beta of 0.52. The business has a fifty day simple moving average of $99.34 and a two-hundred day simple moving average of $104.50. Church & Dwight Co., Inc. has a 12-month low of $90.99 and a 12-month 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.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.89 by $0.02. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same period last year, the company posted $0.96 EPS. The company's quarterly revenue was down 2.4% compared to the same quarter last year. As a group, research analysts forecast 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 was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, May 15th. Church & Dwight's payout ratio is presently 50.64%.

Insider Activity

In related news, EVP Maynadier Patrick D. De sold 54,510 shares of Church & Dwight 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 completion of the transaction, the executive vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ravichandra Krishnamu Saligram sold 14,660 shares of the firm's stock in a transaction that occurred 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 transaction, the director now directly owns 13,747 shares of the company's stock, valued at $1,360,953. This represents a 51.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 109,765 shares of company stock worth $11,821,881 in the last quarter. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a research note on Friday, April 11th. Bank of America upgraded shares of Church & Dwight from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $112.00 to $125.00 in a report on Tuesday, April 15th. Royal Bank of Canada raised shares of Church & Dwight from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $100.00 to $114.00 in a report on Monday. Oppenheimer lowered their price target on shares of Church & Dwight from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Finally, Truist Financial set a $110.00 price target on shares of Church & Dwight and gave the company a "buy" rating in a research report on Friday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $109.69.

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.