Reik & CO. LLC Has $134.46 Million Stock Holdings in Church & Dwight Co., Inc. (NYSE:CHD)

Reik & CO. LLC trimmed its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,284,098 shares of the company’s stock after selling 8,612 shares during the quarter. Church & Dwight makes up 32.3% of Reik & CO. LLC’s portfolio, making the stock its largest position. Reik & CO. LLC’s holdings in Church & Dwight were worth $134,458,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CHD. Empowered Funds LLC increased its holdings in shares of Church & Dwight by 2.8% in the third quarter. Empowered Funds LLC now owns 3,651 shares of the company’s stock worth $382,000 after purchasing an additional 99 shares during the period. Oppenheimer & Co. Inc. grew its position in Church & Dwight by 0.3% during the third quarter. Oppenheimer & Co. Inc. now owns 32,066 shares of the company’s stock worth $3,358,000 after buying an additional 104 shares in the last quarter. HCR Wealth Advisors increased its stake in Church & Dwight by 0.9% in the 4th quarter. HCR Wealth Advisors now owns 11,754 shares of the company’s stock worth $1,231,000 after acquiring an additional 106 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of Church & Dwight by 3.3% in the 3rd quarter. Kingsview Wealth Management LLC now owns 3,373 shares of the company’s stock valued at $353,000 after acquiring an additional 107 shares in the last quarter. Finally, Citizens Financial Group Inc. RI boosted its position in shares of Church & Dwight by 2.1% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 5,508 shares of the company’s stock valued at $577,000 after acquiring an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Insider Activity at Church & Dwight

In related news, CAO Joseph James Longo sold 7,780 shares of Church & Dwight stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $112.44, for a total transaction of $874,783.20. Following the sale, the chief accounting officer now directly owns 400 shares in the company, valued at $44,976. The trade was a 95.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Rick Spann sold 39,520 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $112.00, for a total value of $4,426,240.00. Following the completion of the sale, the executive vice president now directly owns 4,973 shares in the company, valued at approximately $556,976. The trade was a 88.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,422 shares of company stock worth $11,424,351 over the last quarter. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CHD. Piper Sandler decreased their price objective on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Truist Financial increased their price target on shares of Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $105.00 target price on shares of Church & Dwight in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft increased their target price on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Barclays lifted their price target on Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $111.53.

Church & Dwight Price Performance

Shares of Church & Dwight stock opened at $104.49 on Tuesday. The company’s fifty day simple moving average is $105.87 and its two-hundred day simple moving average is $104.39. Church & Dwight Co., Inc. has a 12-month low of $96.09 and a 12-month high of $113.50. The firm has a market cap of $25.60 billion, a PE ratio of 44.09, a price-to-earnings-growth ratio of 3.35 and a beta of 0.59. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD) last announced its quarterly 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 quarter in the prior year, the firm posted $0.65 EPS. As a group, equities analysts expect that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.295 dividend. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a yield of 1.13%. Church & Dwight’s dividend payout ratio (DPR) is presently 47.68%.

About Church & Dwight

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, and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.