Church & Dwight Co., Inc. (NYSE:CHD) Shares Purchased by Redmond Asset Management LLC

Redmond Asset Management LLC boosted its holdings in Church & Dwight Co., Inc. (NYSE:CHD) by 311.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,189 shares of the company’s stock after purchasing an additional 13,008 shares during the quarter. Redmond Asset Management LLC’s holdings in Church & Dwight were worth $1,800,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. YANKCOM Partnership acquired a new stake in shares of Church & Dwight in the fourth quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new stake in shares of Church & Dwight in the third quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Church & Dwight during the third quarter worth $28,000. Versant Capital Management Inc lifted its holdings in shares of Church & Dwight by 224.4% during the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock worth $28,000 after purchasing an additional 184 shares during the period. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Church & Dwight during the fourth quarter worth $43,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CHD. Barclays increased their price target on Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a report on Tuesday, February 4th. Wells Fargo & Company increased their price objective on Church & Dwight from $113.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. TD Cowen increased their price objective on Church & Dwight from $114.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $105.00 price objective on shares of Church & Dwight in a research report on Monday, February 3rd. Finally, Truist Financial increased their price objective on Church & Dwight from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Church & Dwight has an average rating of “Hold” and an average target price of $111.47.

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Michael Read purchased 1,100 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of $106.82 per share, with a total value of $117,502.00. Following the purchase, the executive vice president now owns 2,505 shares in the company, valued at approximately $267,584.10. This represents a 78.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Rick Spann sold 39,520 shares of the firm’s stock in a transaction dated 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 49,522 shares of company stock valued at $5,487,555 over the last quarter. Insiders own 2.00% of the company’s stock.

Church & Dwight Stock Up 0.9 %

CHD opened at $105.40 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.70 and a debt-to-equity ratio of 0.51. The firm has a market cap of $25.93 billion, a P/E ratio of 44.47, a PEG ratio of 3.32 and a beta of 0.59. Church & Dwight Co., Inc. has a 52 week low of $96.35 and a 52 week high of $113.50. The business’s fifty day simple moving average is $105.36 and its 200 day simple moving average is $104.66.

Church & Dwight (NYSE:CHD) last posted its quarterly earnings data on Friday, January 31st. The company reported $0.77 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 last year, the company earned $0.65 EPS. As a group, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current fiscal year.

Church & Dwight Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a dividend of $0.295 per share. The ex-dividend date is Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.12%. This is a positive change from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s dividend payout ratio (DPR) is presently 49.79%.

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.