Church & Dwight Co., Inc. (NYSE:CHD) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. lifted its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 2,296.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 142,589 shares of the company's stock after purchasing an additional 136,639 shares during the period. Federated Hermes Inc. owned 0.06% of Church & Dwight worth $13,483,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CHD. JPMorgan Chase & Co. lifted its position in shares of Church & Dwight by 89.1% during the third quarter. JPMorgan Chase & Co. now owns 6,027,312 shares of the company's stock valued at $552,283,000 after purchasing an additional 2,839,783 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Church & Dwight by 99.6% during the third quarter. HighTower Advisors LLC now owns 526,591 shares of the company's stock valued at $48,224,000 after purchasing an additional 262,801 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Church & Dwight by 1,474.7% during the third quarter. Schroder Investment Management Group now owns 233,318 shares of the company's stock valued at $21,379,000 after purchasing an additional 218,501 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Church & Dwight by 2.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,200,426 shares of the company's stock worth $751,405,000 after acquiring an additional 217,047 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in Church & Dwight by 62.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 538,184 shares of the company's stock worth $49,314,000 after acquiring an additional 205,983 shares during the period. 86.60% of the stock is owned by institutional investors.

Insider Buying and Selling at Church & Dwight

In other Church & Dwight news, EVP Rene Hemsey sold 9,280 shares of Church & Dwight stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total transaction of $930,041.60. Following the transaction, the executive vice president now owns 6,373 shares of the company's stock, valued at $638,702.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Matthew Farrell sold 275,000 shares of the business's stock in a transaction on Monday, March 11th. The shares were 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 owns 112,719 shares of the company's stock, valued at $11,703,613.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Rene Hemsey sold 9,280 shares of the business's stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $100.22, for a total transaction of $930,041.60. Following the completion of the transaction, the executive vice president now directly owns 6,373 shares in the company, valued at approximately $638,702.06. The disclosure for this sale can be found here. Insiders have sold 373,052 shares of company stock valued at $38,603,796 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

Church & Dwight Stock Performance

NYSE CHD traded up $0.72 during trading hours on Tuesday, hitting $106.68. 1,053,840 shares of the company's stock traded hands, compared to its average volume of 1,287,158. The business's fifty day moving average price is $102.34 and its two-hundred day moving average price is $96.83. The company has a current ratio of 1.08, a quick ratio of 0.64 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $26.02 billion, a P/E ratio of 35.09, a P/E/G ratio of 3.46 and a beta of 0.53. Church & Dwight Co., Inc. has a 52 week low of $82.25 and a 52 week high of $107.42.

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

Church & Dwight Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were issued a dividend of $0.2838 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.14 annualized dividend and a yield of 1.06%. This is an increase from Church & Dwight's previous quarterly dividend of $0.27. Church & Dwight's payout ratio is currently 37.17%.

Analysts Set New Price Targets

Several analysts have commented on the stock. The Goldman Sachs Group started coverage on shares of Church & Dwight in a research report on Friday, March 1st. They issued a "buy" rating and a $110.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Church & Dwight from $109.00 to $112.00 and gave the company a "buy" rating in a research report on Monday. Truist Financial boosted their price target on shares of Church & Dwight from $105.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, February 7th. Barclays boosted their price objective on shares of Church & Dwight from $80.00 to $83.00 and gave the company an "underweight" rating in a research note on Friday, April 12th. Finally, Stifel Nicolaus boosted their price objective on shares of Church & Dwight from $91.00 to $99.00 and gave the company a "hold" rating in a research note on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Church & Dwight currently has an average rating of "Hold" and a consensus target price of $104.07.

Church & Dwight Company 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.