SteelPeak Wealth LLC Takes Position in Church & Dwight Co., Inc. (NYSE:CHD)

SteelPeak Wealth LLC purchased a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 20,335 shares of the company's stock, valued at approximately $1,923,000.

A number of other institutional investors have also recently modified their holdings of CHD. Chilton Capital Management LLC boosted its holdings in shares of Church & Dwight by 50.0% in the 4th quarter. Chilton Capital Management LLC now owns 330 shares of the company's stock worth $31,000 after buying an additional 110 shares during the last quarter. Global Retirement Partners LLC lifted its position in Church & Dwight by 14.7% in the 4th quarter. Global Retirement Partners LLC now owns 883 shares of the company's stock worth $87,000 after buying an additional 113 shares during the last quarter. Gateway Advisory LLC grew its holdings in shares of Church & Dwight by 4.4% during the 3rd quarter. Gateway Advisory LLC now owns 2,855 shares of the company's stock valued at $262,000 after purchasing an additional 120 shares during the last quarter. Veritable L.P. grew its stake in shares of Church & Dwight by 1.6% during the first quarter. Veritable L.P. now owns 7,718 shares of the company's stock valued at $682,000 after buying an additional 122 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake in shares of Church & Dwight by 2.0% in the second quarter. Sunbelt Securities Inc. now owns 6,443 shares of the company's stock worth $646,000 after purchasing an additional 124 shares during the last quarter. 86.60% of the stock is currently owned by institutional investors.

Church & Dwight Trading Down 0.1 %

Shares of NYSE CHD traded down $0.10 during trading on Friday, reaching $102.00. The stock had a trading volume of 1,074,683 shares, compared to its average volume of 1,311,292. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.64 and a current ratio of 1.08. The company has a market cap of $24.88 billion, a P/E ratio of 33.66, a PEG ratio of 3.55 and a beta of 0.53. The business's 50-day moving average price is $101.48 and its 200-day moving average price is $95.82. Church & Dwight Co., Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $105.67.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings results on Friday, February 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.65. Church & Dwight had a return on equity of 20.28% and a net margin of 12.88%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the company earned $0.62 EPS. Church & Dwight's revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities research analysts predict that Church & Dwight Co., Inc. will post 3.43 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were given a $0.2838 dividend. This is an increase from Church & Dwight's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.14 annualized dividend and a yield of 1.11%. Church & Dwight's dividend payout ratio is 37.17%.

Insiders Place Their Bets

In other Church & Dwight news, CEO Matthew Farrell sold 275,000 shares of Church & Dwight stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $103.83, for a total value of $28,553,250.00. Following the transaction, the chief executive officer now directly owns 112,719 shares in the company, valued at approximately $11,703,613.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Rene Hemsey sold 9,280 shares of the company's stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $100.22, for a total value of $930,041.60. Following the sale, the executive vice president now owns 6,373 shares in the company, valued at approximately $638,702.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew Farrell sold 275,000 shares of the business's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $103.83, for a total transaction of $28,553,250.00. Following the completion of the sale, the chief executive officer now owns 112,719 shares in the company, valued at $11,703,613.77. The disclosure for this sale can be found here. In the last three months, insiders have sold 373,052 shares of company stock valued at $38,603,796. Insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CHD. Bank of America upgraded Church & Dwight from an "underperform" rating to a "neutral" rating and raised their target price for the company from $85.00 to $100.00 in a research note on Friday, December 15th. TheStreet upgraded shares of Church & Dwight from a "c+" rating to a "b" rating in a research note on Friday, February 2nd. The Goldman Sachs Group began coverage on Church & Dwight in a report on Friday, March 1st. They set a "buy" rating and a $110.00 price objective on the stock. Oppenheimer lifted their price objective on shares of Church & Dwight from $107.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, February 5th. Finally, Royal Bank of Canada lifted their target price on Church & Dwight from $94.00 to $103.00 and gave the stock a "sector perform" rating in a research report on Monday, February 5th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $102.80.

Church & Dwight Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.