NewEdge Advisors LLC Has $2.70 Million Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

NewEdge Advisors LLC boosted its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 30.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,770 shares of the company's stock after acquiring an additional 6,070 shares during the period. NewEdge Advisors LLC's holdings in Church & Dwight were worth $2,698,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Church & Dwight by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 30,691,064 shares of the company's stock worth $3,213,661,000 after purchasing an additional 193,602 shares in the last quarter. JPMorgan Chase & Co. grew its position in Church & Dwight by 19.4% in the 4th quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company's stock valued at $768,157,000 after buying an additional 1,190,154 shares in the last quarter. Geode Capital Management LLC increased its stake in Church & Dwight by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,915,390 shares of the company's stock valued at $617,794,000 after buying an additional 148,234 shares during the period. Norges Bank bought a new stake in shares of Church & Dwight during the 4th quarter worth about $318,532,000. Finally, Invesco Ltd. lifted its stake in shares of Church & Dwight by 11.4% in the 4th quarter. Invesco Ltd. now owns 2,921,247 shares of the company's stock worth $305,884,000 after acquiring an additional 298,848 shares during the period. 86.60% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the firm's stock in a transaction 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 transaction, the executive vice president now owns 10,497 shares in the company, valued at approximately $1,217,442.06. This trade represents a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rene Hemsey sold 11,060 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the completion of the sale, the executive vice president now owns 6,437 shares of the company's stock, valued at $707,941.26. This represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,570 shares of company stock worth $7,538,449. Corporate insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Truist Financial raised their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Bank of America raised 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 research note on Tuesday, April 15th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $105.00 target price on shares of Church & Dwight in a research note on Monday, February 3rd. Barclays dropped their price target on shares of Church & Dwight from $97.00 to $94.00 and set an "underweight" rating on the stock in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Church & Dwight from $106.00 to $98.00 and set an "underweight" rating on the stock in a research note on Friday, April 11th. Two equities 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $112.13.

Church & Dwight Stock Down 1.1 %

Shares of Church & Dwight stock traded down $1.11 during midday trading on Friday, hitting $99.10. The company's stock had a trading volume of 2,777,225 shares, compared to its average volume of 1,545,326. Church & Dwight Co., Inc. has a 1-year low of $96.35 and a 1-year high of $116.46. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $24.39 billion, a P/E ratio of 41.81, a PEG ratio of 3.32 and a beta of 0.55. The stock has a 50-day simple moving average of $106.84 and a 200-day simple moving average of $106.18.

Church & Dwight (NYSE:CHD - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The company reported $0.77 EPS for the quarter, hitting 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 last year, the firm posted $0.65 earnings per share. As a group, sell-side analysts expect that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

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

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.