Broderick Brian C Invests $216,000 in Church & Dwight Co., Inc. (NYSE:CHD)

Broderick Brian C acquired a new stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,060 shares of the company’s stock, valued at approximately $216,000.

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Church & Dwight in the 4th quarter worth approximately $318,532,000. JPMorgan Chase & Co. raised its position in Church & Dwight by 19.4% in the fourth quarter. JPMorgan Chase & Co. now owns 7,336,046 shares of the company’s stock worth $768,157,000 after acquiring an additional 1,190,154 shares during the period. State Street Corp boosted its stake in shares of Church & Dwight by 8.0% during the 3rd quarter. State Street Corp now owns 13,116,334 shares of the company’s stock worth $1,373,542,000 after acquiring an additional 969,006 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Church & Dwight during the 4th quarter valued at $76,565,000. Finally, World Investment Advisors LLC purchased a new stake in shares of Church & Dwight in the 3rd quarter worth $58,338,000. Institutional investors own 86.60% of the company’s stock.

Analyst Ratings Changes

CHD has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on Church & Dwight from $103.00 to $105.00 and gave the company a “hold” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. cut their price objective on Church & Dwight from $107.00 to $106.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Barclays raised their target price on shares of Church & Dwight from $93.00 to $97.00 and gave the stock an “underweight” rating in a research note on Thursday, March 27th. Piper Sandler dropped their price target on shares of Church & Dwight from $128.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Finally, Truist Financial raised their price objective on shares of Church & Dwight from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $112.13.

Insider Buying and Selling

In related news, EVP Maynadier Patrick D. De sold 54,510 shares of Church & Dwight 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 directly owns 10,497 shares of the company’s stock, valued at approximately $1,217,442.06. The trade was a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rene Hemsey sold 11,060 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $109.98, for a total transaction of $1,216,378.80. Following the transaction, the executive vice president now owns 6,437 shares in the company, valued at $707,941.26. The trade was a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,570 shares of company stock worth $7,538,449. Corporate insiders own 2.00% of the company’s stock.

Church & Dwight Stock Performance

NYSE:CHD opened at $110.70 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.70 and a quick ratio of 1.24. The company has a market cap of $27.24 billion, a price-to-earnings ratio of 46.71, a PEG ratio of 3.32 and a beta of 0.57. Church & Dwight Co., Inc. has a 1 year low of $96.35 and a 1 year high of $116.46. The stock’s 50 day simple moving average is $107.90 and its two-hundred day simple moving average is $106.08.

Church & Dwight (NYSE:CHD) last released 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 net margin of 9.58% and a return on equity of 20.03%. During the same quarter in the prior year, the business earned $0.65 EPS. As a group, equities analysts anticipate that Church & Dwight Co., Inc. will post 3.7 earnings per share for the current fiscal year.

Church & Dwight Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.295 dividend. This is an increase from Church & Dwight’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.07%. 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 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.