RD Lewis Holdings Inc. Invests $360,000 in Church & Dwight Co., Inc. (NYSE:CHD)

RD Lewis Holdings Inc. bought a new position in shares of Church & Dwight Co., Inc. (NYSE:CHD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,428 shares of the company’s stock, valued at approximately $360,000.

A number of other institutional investors have also modified their holdings of CHD. YANKCOM Partnership purchased a new position in Church & Dwight during the fourth quarter valued at approximately $25,000. Versant Capital Management Inc increased its holdings in Church & Dwight by 224.4% during the fourth quarter. Versant Capital Management Inc now owns 266 shares of the company’s stock valued at $28,000 after buying an additional 184 shares during the period. Bank of Jackson Hole Trust purchased a new position in Church & Dwight during the fourth quarter valued at approximately $43,000. Golden State Wealth Management LLC purchased a new position in Church & Dwight during the fourth quarter valued at approximately $51,000. Finally, Endeavor Private Wealth Inc. purchased a new position in Church & Dwight during the fourth quarter valued at approximately $84,000. 86.60% of the stock is owned by hedge funds and other institutional investors.

Church & Dwight Trading Up 0.3 %

NYSE:CHD opened at $109.38 on Tuesday. The company has a market capitalization of $26.90 billion, a P/E ratio of 46.15, a PEG ratio of 3.32 and a beta of 0.57. The firm has a fifty day simple moving average of $106.99 and a 200-day simple moving average of $105.77. Church & Dwight Co., Inc. has a 12 month low of $96.35 and a 12 month high of $116.46. The company has a current ratio of 1.70, a quick ratio of 1.24 and a debt-to-equity ratio of 0.51.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. Church & Dwight had a net margin of 9.58% and a return on equity of 20.03%. During the same period in the prior year, the company earned $0.65 earnings per share. On average, equities research analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current year.

Church & Dwight Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were paid a dividend of $0.295 per share. The ex-dividend date was Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.08%. This is a boost from Church & Dwight’s previous quarterly dividend of $0.28. Church & Dwight’s payout ratio is currently 49.79%.

Analysts Set New Price Targets

CHD has been the topic of several research reports. Truist Financial lifted their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $105.00 price target on shares of Church & Dwight in a report on Monday, February 3rd. Stifel Nicolaus lifted their price target on shares of Church & Dwight from $103.00 to $105.00 and gave the stock a “hold” rating in a report on Monday, February 3rd. Barclays lifted their price target on shares of Church & Dwight from $90.00 to $93.00 and gave the stock an “underweight” rating in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. cut their price target on shares of Church & Dwight from $107.00 to $106.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Church & Dwight has an average rating of “Hold” and an average price target of $111.56.

Insider Activity at Church & Dwight

In other Church & Dwight news, EVP Rene Hemsey sold 11,060 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 6,437 shares in the company, valued at $707,941.26. The trade was a 63.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maynadier Patrick D. De sold 54,510 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $115.98, for a total transaction of $6,322,069.80. Following the completion of the transaction, the executive vice president now owns 10,497 shares in the company, valued at $1,217,442.06. The trade was a 83.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,570 shares of company stock valued at $7,538,449. Corporate insiders own 2.00% of the company’s stock.

Church & Dwight Company Profile

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.