Tower Research Capital LLC TRC grew its holdings in Church & Dwight Co., Inc. (NYSE:CHD - Free Report) by 178.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,609 shares of the company's stock after buying an additional 14,503 shares during the quarter. Tower Research Capital LLC TRC's holdings in Church & Dwight were worth $2,367,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Barclays PLC increased its stake in Church & Dwight by 63.9% during the 3rd quarter. Barclays PLC now owns 1,106,131 shares of the company's stock worth $115,832,000 after buying an additional 431,257 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Church & Dwight in the third quarter worth approximately $58,338,000. Wilmington Savings Fund Society FSB increased its position in shares of Church & Dwight by 25.7% during the third quarter. Wilmington Savings Fund Society FSB now owns 76,404 shares of the company's stock worth $8,001,000 after purchasing an additional 15,598 shares in the last quarter. Tidal Investments LLC raised its stake in Church & Dwight by 5.2% in the 3rd quarter. Tidal Investments LLC now owns 18,000 shares of the company's stock valued at $1,885,000 after purchasing an additional 896 shares during the last quarter. Finally, Synovus Financial Corp lifted its holdings in Church & Dwight by 6.7% in the 3rd quarter. Synovus Financial Corp now owns 19,556 shares of the company's stock valued at $2,048,000 after purchasing an additional 1,221 shares in the last quarter. 86.60% of the stock is owned by institutional investors and hedge funds.
Church & Dwight Trading Up 0.1 %
Shares of Church & Dwight stock traded up $0.11 on Monday, reaching $99.42. The company had a trading volume of 531,746 shares, compared to its average volume of 1,732,662. The firm's 50 day moving average price is $106.84 and its two-hundred day moving average price is $106.18. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.24 and a current ratio of 1.70. Church & Dwight Co., Inc. has a 52-week low of $96.35 and a 52-week high of $116.46. The firm has a market cap of $24.47 billion, a PE ratio of 41.95, a PEG ratio of 3.32 and a beta of 0.55.
Church & Dwight (NYSE:CHD - Get Free Report) last announced its earnings results on Friday, January 31st. The company reported $0.77 earnings per share (EPS) for the quarter, meeting 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 period last year, the business earned $0.65 EPS. Sell-side analysts predict that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.
Church & Dwight Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Friday, February 14th were given a $0.295 dividend. This is an increase from Church & Dwight's previous quarterly dividend of $0.28. This represents a $1.18 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Friday, February 14th. Church & Dwight's payout ratio is currently 49.79%.
Insiders Place Their Bets
In other news, EVP Maynadier Patrick D. De sold 54,510 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the sale, the executive vice president now owns 10,497 shares of the company's stock, valued at approximately $1,217,442.06. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rene Hemsey sold 11,060 shares of Church & Dwight stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total value of $1,216,378.80. Following the completion of the transaction, the executive vice president now owns 6,437 shares of the company's stock, valued at approximately $707,941.26. This trade represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,570 shares of company stock worth $7,538,449 over the last three months. Company insiders own 2.00% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently commented on CHD. Stifel Nicolaus increased their target price on shares of Church & Dwight from $103.00 to $105.00 and gave the company a "hold" rating in a research report on Monday, February 3rd. Wells Fargo & Company increased their price objective on shares of Church & Dwight from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. Truist Financial boosted their target price on Church & Dwight from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Bank of America raised Church & Dwight from a "neutral" rating to a "buy" rating and increased their price target for the company from $112.00 to $125.00 in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. dropped their target price on Church & Dwight from $106.00 to $98.00 and set an "underweight" rating for the company in a report on Friday, April 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $112.13.
View Our Latest Report on CHD
About Church & Dwight
(
Free Report)
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.
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