6,100 Shares in Church & Dwight Co., Inc. (NYSE:CHD) Bought by Board of the Pension Protection Fund

Board of the Pension Protection Fund purchased a new stake in Church & Dwight Co., Inc. (NYSE:CHD) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 6,100 shares of the company’s stock, valued at approximately $639,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. increased its position in Church & Dwight by 1.5% during the 2nd quarter. Federated Hermes Inc. now owns 141,450 shares of the company’s stock valued at $14,666,000 after purchasing an additional 2,159 shares during the period. Envestnet Asset Management Inc. raised its stake in Church & Dwight by 3.5% during the second quarter. Envestnet Asset Management Inc. now owns 314,741 shares of the company’s stock worth $32,632,000 after buying an additional 10,618 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Church & Dwight by 15.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,168,866 shares of the company’s stock valued at $121,191,000 after buying an additional 159,233 shares during the period. Citizens Financial Group Inc. RI boosted its position in Church & Dwight by 9.0% during the second quarter. Citizens Financial Group Inc. RI now owns 5,395 shares of the company’s stock valued at $559,000 after acquiring an additional 446 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Church & Dwight during the second quarter worth approximately $1,359,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Church & Dwight Stock Performance

NYSE CHD opened at $105.20 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.09 and a current ratio of 1.62. The company has a market capitalization of $25.77 billion, a PE ratio of 47.17, a price-to-earnings-growth ratio of 3.86 and a beta of 0.58. Church & Dwight Co., Inc. has a 52-week low of $96.09 and a 52-week high of $113.50. The company has a 50-day simple moving average of $106.82 and a 200 day simple moving average of $104.04.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.11. Church & Dwight had a net margin of 9.08% and a return on equity of 19.90%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business posted $0.74 EPS. Church & Dwight’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, research analysts predict that Church & Dwight Co., Inc. will post 3.45 EPS for the current year.

Church & Dwight Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a dividend of $0.2838 per share. The ex-dividend date was Friday, November 15th. This represents a $1.14 annualized dividend and a dividend yield of 1.08%. Church & Dwight’s payout ratio is 50.67%.

Insider Buying and Selling

In related news, CAO Joseph James Longo sold 7,780 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $112.44, for a total value of $874,783.20. Following the completion of the transaction, the chief accounting officer now directly owns 400 shares of the company’s stock, valued at approximately $44,976. This trade represents a 95.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Read bought 1,100 shares of the stock in a transaction on Monday, December 16th. The shares were acquired at an average cost of $106.82 per share, for a total transaction of $117,502.00. Following the acquisition, the executive vice president now directly owns 2,505 shares in the company, valued at approximately $267,584.10. This trade represents a 78.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 593,035 shares of company stock valued at $62,282,808. 2.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CHD shares. JPMorgan Chase & Co. lifted their price target on shares of Church & Dwight from $98.00 to $99.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on Church & Dwight from $114.00 to $115.00 and gave the company a “buy” rating in a report on Monday, November 4th. Piper Sandler increased their target price on Church & Dwight from $124.00 to $128.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. TD Cowen boosted their price target on shares of Church & Dwight from $114.00 to $117.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company raised their price objective on shares of Church & Dwight from $113.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $110.00.

Church & Dwight Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.