Zurcher Kantonalbank Zurich Cantonalbank Boosts Stake in Church & Dwight Co., Inc. (NYSE:CHD)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 16.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 191,350 shares of the company's stock after buying an additional 26,506 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.08% of Church & Dwight worth $18,094,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CHD. Chilton Capital Management LLC boosted its stake in shares of Church & Dwight by 50.0% in the fourth 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. Koesten Hirschmann & Crabtree INC. purchased a new position in Church & Dwight during the third quarter worth approximately $38,000. PSI Advisors LLC purchased a new position in Church & Dwight during the third quarter worth approximately $39,000. Money Concepts Capital Corp boosted its position in Church & Dwight by 468.2% during the fourth quarter. Money Concepts Capital Corp now owns 625 shares of the company's stock worth $50,000 after purchasing an additional 515 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in Church & Dwight during the fourth quarter worth approximately $62,000. Hedge funds and other institutional investors own 86.60% of the company's stock.

Church & Dwight Price Performance

Shares of NYSE:CHD traded up $1.15 during midday trading on Friday, hitting $104.35. The company had a trading volume of 1,103,763 shares, compared to its average volume of 1,290,799. Church & Dwight Co., Inc. has a twelve month low of $82.25 and a twelve month high of $105.67. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.08 and a quick ratio of 0.64. The stock has a market cap of $25.45 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 3.43 and a beta of 0.53. The business's 50-day simple moving average is $102.01 and its 200-day simple moving average is $96.50.

Church & Dwight (NYSE:CHD - Get Free Report) last posted its quarterly earnings results on Friday, February 2nd. The company reported $0.65 EPS for the quarter, meeting the consensus estimate of $0.65. Church & Dwight had a return on equity of 20.28% and a net margin of 12.88%. The firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter last year, the firm earned $0.62 earnings per share. The business's revenue for the quarter was up 6.4% on a year-over-year basis. On average, research analysts predict that Church & Dwight Co., Inc. will post 3.44 earnings per share for the current year.

Church & Dwight Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 15th were issued a $0.2838 dividend. This represents a $1.14 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Wednesday, February 14th. This is a boost from Church & Dwight's previous quarterly dividend of $0.27. Church & Dwight's dividend payout ratio (DPR) is currently 37.17%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CHD. Barclays increased their price target on Church & Dwight from $80.00 to $83.00 and gave the stock an "underweight" rating in a research report on Friday, April 12th. Argus upgraded Church & Dwight from a "hold" rating to a "buy" rating and set a $115.00 price target on the stock in a research report on Friday, February 23rd. Stifel Nicolaus increased their price target on Church & Dwight from $91.00 to $99.00 and gave the stock a "hold" rating in a research report on Monday, February 5th. TheStreet upgraded Church & Dwight from a "c+" rating to a "b" rating in a research report on Friday, February 2nd. Finally, Truist Financial increased their price target on Church & Dwight from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Church & Dwight has a consensus rating of "Hold" and a consensus price target of $103.27.

Insider Activity at Church & Dwight

In related news, CFO Richard A. Dierker sold 24,380 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $103.61, for a total value of $2,526,011.80. Following the completion of the sale, the chief financial officer now owns 7,634 shares of the company's stock, valued at $790,958.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Church & Dwight news, CFO Richard A. Dierker sold 24,380 shares of the firm's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $103.61, for a total transaction of $2,526,011.80. Following the completion of the sale, the chief financial officer now owns 7,634 shares of the company's stock, valued at $790,958.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Rene Hemsey sold 9,280 shares of the firm's stock in a transaction 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 directly owns 6,373 shares of the company's stock, valued at approximately $638,702.06. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 373,052 shares of company stock valued at $38,603,796. 2.00% of the stock is currently owned by insiders.

About Church & Dwight

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.