Church & Dwight Co., Inc. (NYSE:CHD) Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its position in shares of Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 187.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,367 shares of the company's stock after buying an additional 14,579 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Church & Dwight were worth $2,115,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Church & Dwight by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 29,910,126 shares of the company's stock valued at $2,740,665,000 after purchasing an additional 145,390 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Church & Dwight by 2.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,200,426 shares of the company's stock worth $751,405,000 after buying an additional 217,047 shares during the last quarter. JPMorgan Chase & Co. increased its holdings 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 worth $552,283,000 after buying an additional 2,839,783 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Church & Dwight by 0.7% in the third quarter. Stifel Financial Corp now owns 4,310,580 shares of the company's stock valued at $394,982,000 after acquiring an additional 29,943 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Church & Dwight by 1.9% in the 3rd quarter. Morgan Stanley now owns 3,291,982 shares of the company's stock worth $301,645,000 after acquiring an additional 61,090 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CHD shares. Bank of America raised their price target on Church & Dwight from $100.00 to $104.00 and gave the company a "neutral" rating in a report on Monday, April 15th. The Goldman Sachs Group began coverage on shares of Church & Dwight in a research report on Friday, March 1st. They set a "buy" rating and a $110.00 price target on the stock. Evercore ISI raised their price objective on shares of Church & Dwight from $107.00 to $110.00 and gave the company an "in-line" rating in a research report on Friday, May 3rd. Oppenheimer upped their target price on shares of Church & Dwight from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 23rd. Finally, Truist Financial raised their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the company a "buy" rating in a report on Friday, May 3rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Church & Dwight currently has an average rating of "Hold" and a consensus target price of $105.56.

Church & Dwight Stock Performance

CHD stock traded down $0.29 during midday trading on Friday, hitting $106.39. The company's stock had a trading volume of 751,740 shares, compared to its average volume of 1,263,683. The stock has a market cap of $26.01 billion, a price-to-earnings ratio of 33.87, a PEG ratio of 3.50 and a beta of 0.51. The stock's 50-day moving average price is $104.70 and its 200 day moving average price is $98.77. The company has a quick ratio of 0.82, a current ratio of 1.33 and a debt-to-equity ratio of 0.54. Church & Dwight Co., Inc. has a 1 year low of $82.25 and a 1 year high of $108.68.

Church & Dwight (NYSE:CHD - Get Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.10. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. Church & Dwight had a return on equity of 20.35% and a net margin of 13.13%. The business's revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. On average, equities analysts forecast that Church & Dwight Co., Inc. will post 3.46 EPS for the current year.

Church & Dwight Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be issued a $0.2838 dividend. This represents a $1.14 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Tuesday, May 14th. Church & Dwight's dividend payout ratio (DPR) is presently 35.87%.

Insider Activity at Church & Dwight

In related news, EVP Brian D. Buchert sold 12,120 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $102.84, for a total transaction of $1,246,420.80. Following the sale, the executive vice president now owns 6,120 shares of the company's stock, valued at approximately $629,380.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Michael Read sold 9,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $100.95, for a total value of $908,550.00. Following the sale, the executive vice president now owns 10,325 shares in the company, valued at $1,042,308.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian D. Buchert sold 12,120 shares of the business's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $102.84, for a total value of $1,246,420.80. Following the transaction, the executive vice president now owns 6,120 shares of the company's stock, valued at $629,380.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 376,972 shares of company stock worth $39,133,366. Corporate insiders own 2.00% of the company's stock.

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.