Forum Financial Management LP Buys Shares of 2,863 Church & Dwight Co., Inc. (NYSE:CHD)

Forum Financial Management LP bought a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,863 shares of the company's stock, valued at approximately $300,000.

Several other hedge funds have also modified their holdings of the stock. Board of the Pension Protection Fund purchased a new stake in Church & Dwight in the 4th quarter worth about $639,000. Oddo BHF Asset Management Sas acquired a new position in shares of Church & Dwight during the 3rd quarter valued at about $5,934,000. American Century Companies Inc. increased its holdings in shares of Church & Dwight by 0.5% during the 4th quarter. American Century Companies Inc. now owns 1,426,177 shares of the company's stock valued at $149,335,000 after acquiring an additional 6,425 shares during the last quarter. Financial Enhancement Group LLC increased its holdings in shares of Church & Dwight by 456.2% during the 4th quarter. Financial Enhancement Group LLC now owns 60,585 shares of the company's stock valued at $6,232,000 after acquiring an additional 49,693 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Church & Dwight by 19.4% during the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock valued at $768,157,000 after acquiring an additional 1,190,154 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Stock Performance

CHD traded down $1.11 on Friday, hitting $99.10. 2,777,225 shares of the stock traded hands, compared to its average volume of 1,545,326. 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 business has a fifty day moving average price of $106.84 and a two-hundred day moving average price of $106.18. The firm has a market capitalization of $24.39 billion, a PE ratio of 41.81, a P/E/G ratio of 3.32 and a beta of 0.55. Church & Dwight Co., Inc. has a 52 week low of $96.35 and a 52 week high of $116.46.

Church & Dwight (NYSE:CHD - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, meeting analysts' consensus estimates of $0.77. Church & Dwight had a return on equity of 20.03% and a net margin of 9.58%. During the same quarter in the prior year, the business earned $0.65 EPS. On average, research analysts predict that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a $0.295 dividend. This is an increase from Church & Dwight's previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight's payout ratio is presently 49.79%.

Insider Transactions at Church & Dwight

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $115.98, for a total value of $6,322,069.80. Following the transaction, the executive vice president now directly owns 10,497 shares of the company's stock, valued at $1,217,442.06. The trade was a 83.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rene Hemsey sold 11,060 shares of the business'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. The trade was a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,570 shares of company stock valued at $7,538,449 in the last three months. 2.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on CHD shares. UBS Group increased their price objective on Church & Dwight from $109.00 to $110.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Royal Bank of Canada reissued a "sector perform" rating and set a $105.00 price objective on shares of Church & Dwight in a report on Monday, February 3rd. Barclays lowered their price objective on Church & Dwight from $97.00 to $94.00 and set an "underweight" rating on the stock in a report on Friday, April 11th. Piper Sandler lowered their price objective on Church & Dwight from $128.00 to $126.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their target price on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating on the stock in a report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Church & Dwight has an average rating of "Hold" and an average target price of $112.13.

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.